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Retail Storefront in Medical District
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2050 W Ogden Ave, Chicago, IL 60612

Ground-floor retail space in a newly developed Illinois Medical District setting with strong visibility on Ogden & Damen.

Property Size1,070 SF
Days on Market946

Property Features for 2050 W Ogden Ave

General Information

Standard status Active
Size 1,070 SF
Property subtype RETAIL
Listing Agency: Baum Realty
Listed By: Doug Renner · License #475143580
Source: Moodyscre
Added: Dec 27, 2023 Changed: Jul 29 Last Checked: Jul 30 at 12:17PM

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 Baum Realty

Investment Insights

Based on property information with market context.

This retail storefront space is part of a brand new development in the Illinois Medical District (IMD). The property is positioned within a mixed environment that includes residential, office, and medical buildings, supporting a dense day-to-day customer base.

The site is located in a very high-trafficked area of Ogden & Damen with excellent visibility. The broader development includes new residential and retail components, and a hotel is coming soon.

The available space is 1,070 square feet.

Key Highlights

  • Ground‑floor retail space in a newly developed Illinois Medical District (IMD) setting
  • Located on Ogden & Damen for strong visibility
  • Site is surrounded by residential, office, and medical buildings, creating high area density

Property Analytics

Current Use

Cadence Apartments Apartment Complex

Suggested Use

Top Pick HVAC Service Veterinary Clinic Pet Grooming Service Building Supply (Bike/Boat/Book/etc) Store Accounting Firm

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

Location Intelligence

Trade Area within ½ mile

8,202
Businesses Nearby
163k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 96% Hotels & Casinos 3% Shops & Services 1%
McDonald's Dining
31,471 visits/mo 0.5 miles
Chick-fil-A Dining
22,259 visits/mo 0.2 miles
Five Guys Dining
20,797 visits/mo 0.1 miles
KFC Dining
16,703 visits/mo 0.5 miles
White Castle Dining
14,526 visits/mo 0.5 miles

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$22.12 /SF/Yr
Avg Asking Price
$0.92–$45 /SF/Yr
Price Range
2,359 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
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Ground-floor retail space in a newly developed Illinois Medical District setting with strong visibility on Ogden & Damen.
Where is this storefront property located?
The property is located at 2050 W Ogden Ave Chicago, IL.
What are key features of this property?
This property features: Ground‑floor retail space in a newly developed Illinois Medical District (IMD) setting; Located on Ogden & Damen for strong visibility; Site is surrounded by residential, office, and medical buildings, creating high area density
(312) 275-3137 Call to check price and availability
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