Three-Tenant Retail
For Sale
Contact for pricing
1700 W Diversey Ave, Chicago, IL 60647
Leased retail condo with tenant rent increases and a renewal option.
Property SizeContact for details
Days on Market144
Property Features for 1700 W Diversey Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
JLL Chicago | Americas Headquarters
(312) 782-5800
Listed By:
Mohsin Mirza · License #IL 475.189943
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 6:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
This 3,845-square-foot retail condo comprises a three-tenant strip occupied by Chicago Lux Studio, Physicians Plus, and Nail No. 1, Inc. The property is 100% leased and carries 2.6 years of WALT. Two leases provide annual rent increases during their primary terms, while Chicago Lux Studio has one 5-year renewal option with a fair-market-rent reset.
The asset fronts Diversey’s retail corridor in Chicago, where reported traffic exceeds 16,000 VPD and nearly 1.2 million residents live within a 5-mile radius. The surrounding trade area includes Home Depot, Costco, Menards, Marshalls, Five Below, Ross Dress for Less, and a nearby Target identified as the most visited in Illinois. DePaul University’s main campus is less than one mile away and enrolls over 21,000 students annually.
The asset fronts Diversey’s retail corridor in Chicago, where reported traffic exceeds 16,000 VPD and nearly 1.2 million residents live within a 5-mile radius. The surrounding trade area includes Home Depot, Costco, Menards, Marshalls, Five Below, Ross Dress for Less, and a nearby Target identified as the most visited in Illinois. DePaul University’s main campus is less than one mile away and enrolls over 21,000 students annually.
Key Highlights
- 3,845‑square‑foot retail condo with three tenant spaces
- 100% leased to Chicago Lux Studio, Physicians Plus, and Nail No. 1, Inc.
- 2.6 years of WALT across the existing tenancy
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,451
Businesses Nearby
356k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Dining 24%
Shops & Services 23%
Beauty & Spa 2%
Whole Foods Market
Groceries
64,387 visits/mo
0.5 miles
Jewel-Osco
Groceries
60,100 visits/mo
0.5 miles
Jewel-Osco
Groceries
55,541 visits/mo
0.2 miles
McDonald's
Dining
36,369 visits/mo
0.2 miles
Fifth Third Bank & ATM
Shops & Services
15,951 visits/mo
0.3 miles
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Leased retail condo with tenant rent increases and a renewal option.
Where is this strip mall located?
The property is located at 1700 W Diversey Ave Chicago, IL.
What are key features of this property?
This property features: 3,845‑square‑foot retail condo with three tenant spaces; 100% leased to Chicago Lux Studio, Physicians Plus, and Nail No. 1, Inc.; 2.6 years of WALT across the existing tenancy
