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Modern Retail Condo
For Sale
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Pending

223 E 31st St, Chicago, IL 60616

Compact commercial condominium with B1-3 zoning and an existing salon buildout.

Property Size810 SF
Days on Market145

Property Features for 223 E 31st St

General Information

Standard status Pending
Size 810 SF
Property subtype Retail, Office
Zoning B1-3

Additional Details

Highway Access Yes

Building Details

Tenancy Single
Listing Agency: Strauss Realty
Listed By: Craig Wolf · License #IL
Source: Crexi
Added: Apr 11 Changed: Sep 1 Last Checked: Sep 1 at 12:27PM

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 Strauss Realty

Investment Insights

Based on property information with market context.

This 810-square-foot retail condominium features modern construction and an existing hair salon buildout. The space is currently occupied by a salon operator under a month-to-month lease, providing flexibility for continued occupancy or a vacant delivery at closing.

The property is positioned across from Dunbar Park and approximately three blocks east of the Dan Ryan Expressway. B1-3 zoning supports its commercial retail classification and should be reviewed in connection with any intended future use.

Key Highlights

  • 810 SF retail condominium
  • B1‑3 zoning
  • Modern construction

Property Analytics

Current Use

Hafid Hair Design Hair Salon

Suggested Use

Top Pick Law Firm HVAC Service (Bike/Boat/Book/etc) Store Dental Office Carpet & Flooring Store Garden Center

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

Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,765
Businesses Nearby
178k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 50% Groceries 24% Shops & Services 19% Apparel 4%
Jewel-Osco Groceries
42,423 visits/mo 0.4 miles
McDonald's Dining
26,583 visits/mo 0.5 miles
Culver's Dining
22,662 visits/mo 0.4 miles
White Castle Dining
19,452 visits/mo 0.5 miles
BP Shops & Services
13,054 visits/mo 0.1 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

Market

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Compact commercial condominium with B1-3 zoning and an existing salon buildout.
Where is this retail space located?
The property is located at 223 E 31st St Chicago, IL.
What are key features of this property?
This property features: 810 SF retail condominium; B1‑3 zoning; Modern construction
(773) 736-3600 Call to check price and availability
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