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Two-Level Retail Space
New
For Lease
$40 SF/Yr

211 W 23rd Street, Chicago, IL 60616

The layout includes a main-floor area and a full basement for additional commercial space.

Space Size3,200 SF
Days on Market3

Property Features for 211 W 23rd Street

General Information

Standard status Active
Size 3,200 SF
Net Rentable 3,200 SF
Property subtype Commercial

Space & Availability

Available Space 3,200 SF
Contiguous Space 3,200 SF
Floor Ground/Basement

Site & Location

Neighborhood Chinatown

Taxes and HOA fees

Annual Taxes $14,784

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1908
Listing Agency: CENTURY 21 REALTY ASSOCIATES
Listed By: SHARON WONG · License #00011443
Source: Corcoran
Added: Oct 29 Changed: Oct 30 Last Checked: Oct 30 at 3:38PM

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 CENTURY 21 REALTY ASSOCIATES

Rey
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Investment Insights

Based on property information with market context.

This retail space offers approximately 1,600 SF on the main floor, with another approximately 1,600 SF in the basement. The building dates to 1908, and the space is available for lease.

Located in Chicago’s Chinatown, the property is near restaurants, supermarkets, and other retail shops. Any proposed use is subject to approval.

Key Highlights

  • Approximately 1,600 SF on the main floor
  • Approximately 1,600 SF of basement space
  • Built in 1908

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Hip Hop In Chinatown Marketing & Advertising Galerie F Art Gallery Heritage Arts And Frames, ... (Bike/Boat/Book/etc) Store The Art Picture Framing (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Garden Center Pet Grooming Service Locksmith Tanning Salon

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
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,158
Businesses Nearby
25k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 94% Shops & Services 6%
White Castle Dining
23,545 visits/mo 0.4 miles
Extra Space Storage Shops & Services
1,567 visits/mo 0.3 miles

Demographics for 60616, IL

54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$25.14 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,623 SF
Avg Space Size

This space is priced 59% above the average of $25.14 /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

Frequently Asked Questions

What type of property is this?
Retail space - The layout includes a main-floor area and a full basement for additional commercial space.
Where is this retail space located?
The property is located at 211 W 23rd Street Chicago, IL.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: Approximately 1,600 SF on the main floor; Approximately 1,600 SF of basement space; Built in 1908
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