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Retail Space on Peterson Avenue
For Lease
$14 SF/Yr

1964 W PETERSON Avenue, Chicago, IL 60660

High-traffic retail space with excellent visibility and signage options.

Space SizeContact for details
Days on Market391

Property Features for 1964 W PETERSON Avenue

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $52,642

Building Details

Year Built 1982
Listing Agency: COLDWELL BANKER REALTY
Listed By: BRUCE HELLER · License #471007740
Source: Corcoran
Added: Jul 28, 2025 Changed: Mar 16 Last Checked: Aug 22 at 10:22AM

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 COLDWELL BANKER REALTY

Investment Insights

Based on property information with market context.

A 1,122 square foot retail space is available for rent in a high-traffic retail plaza. The space features window frontage along Peterson Avenue. Signage options include lighted sign boxes and access to the pylon sign. On-site parking is available for 16 vehicles. Current tenants include Dunkin' Donuts, a wireless provider, a liquor/convenience store, a middle eastern/Kabob eatery, an insurance agency, and Subway. According to IDOT, approximately 25,300 vehicles pass by daily.

Key Highlights

  • High‑traffic location with approximately 25,300 vehicles passing daily.
  • Excellent visibility with generous window frontage along Peterson Avenue.
  • Signage options include lighted sign boxes and pylon sign access.

Property Analytics

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

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

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

Market

Lease Benchmarks for Chicago, IL

$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size

This space is priced 46% below the average of $25.9 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - High-traffic retail space with excellent visibility and signage options.
Where is this retail space located?
The property is located at 1964 W PETERSON Avenue Chicago, IL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: High‑traffic location with approximately 25,300 vehicles passing daily.; Excellent visibility with generous window frontage along Peterson Avenue.; Signage options include lighted sign boxes and pylon sign access.
More about this property
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