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Retail Space with Storefront Windows
For Lease
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1964 W PETERSON Avenue, Chicago, IL 60660

Commercial Lease, Chicago, IL

Space Size1,122 SF
Days on Market227

Property Features for 1964 W PETERSON Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning RTAIL
Directions PETERSON TO 1962. STRIP CENTER IS ON NORTH SIDE OF STREET
Subdivision CHI - West Ridge
Standard status Active

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 52642

Utilities

Utilities Water Available
Cooling system Central Air

Amenities

large storefront windows
lighted sign boxes
fresh paint
proximity to Metra station
foot traffic
commuter exposure

Building Details

Year built 1982
Floors in Building 1
Number of units 1
Flooring type Vinyl, Carpet
Building materials Brick
Roof type Tar/Gravel
Listing Agency: Chicago Real Estate Resources
Listed By: Tuyen Nguyen · License #471006001
Added: Jan 26 Changed: Aug 19 Last Checked: Sep 10 at 4:06AM
MLS# 12548740

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,122 SF retail space occupies a storefront-oriented position in a shopping center and features large display windows, vinyl and carpet flooring, central air, and a recently painted interior. Signage options include lighted sign boxes and placement on the center’s pylon sign. The building was constructed in 1982 with brick construction and a tar/gravel roof. Water is available, and the property is zoned RTAIL.

The center provides 16 on-site parking spaces and sits along a corridor carrying approximately 25,300 vehicles per day. Existing neighboring businesses include Dunkin’, Subway, a kabob restaurant, a wireless provider, a liquor/convenience store, and an insurance agency. The property is near a Metra station, providing exposure to both area traffic and commuters. Plans also call for a new center facade, with completion scheduled for this spring.

Key Highlights

  • 1,122 SF retail space with large storefront windows
  • Approximately 25,300 vehicles per day along the surrounding corridor
  • Lighted sign boxes plus access to the shopping center’s pylon sign

Property Analytics

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Current Use

Peterson Plaza Department Store

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Florist (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25,300 VPD
Traffic count
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,779
Businesses Nearby
169k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 56% Shops & Services 23% Dining 21%
Target Superstores
94,243 visits/mo 0.2 miles
McDonald's Dining
17,391 visits/mo 0.4 miles
BP Shops & Services
11,612 visits/mo 0.1 miles
White Castle Dining
10,202 visits/mo 0.5 miles
Starbucks Dining
7,836 visits/mo 0.4 miles

Demographics for 60660, IL

42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$26.1 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
8,322 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Recently refreshed retail premises with central air, customer parking, and prominent signage opportunities within an established shopping center.
Where is this retail space located?
The property is located at 1964 W PETERSON Avenue Chicago, IL.
What are key features of this property?
This property features: 1,122 SF retail space with large storefront windows; Approximately 25,300 vehicles per day along the surrounding corridor; Lighted sign boxes plus access to the shopping center’s pylon sign
More about this property
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