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Two-Level Retail Storefront Opportunity
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223 W Erie St., Chicago, IL 60654

Ground and lower level retail space available in a River North loft building at the Erie and Franklin corner.

Space Size2,438 SF - 3,202 SF
Property Size5,640 SF
Days on Market189

Property Features for 223 W Erie St.

General Information

Standard status Active
Size 2,438 SF - 3,202 SF
Property subtype Retail

Building Details

Building Size 5,640 SF
Tenancy Multiple

Spaces For Lease

at 223 W Erie St. Contact us

#1 - Ground Floor

Size
3,202 SF
Availability
Active
Contact us

#2 - Lower Level

Size
2,438 SF
Availability
Active
Contact us
Listing Agency: Canvas Real Estate
Listed By: Andrew Becker · License #IL 475.136554
Source: Crexi
Added: Mar 3 Changed: Sep 4 Last Checked: Sep 8 at 6:19AM

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 Canvas Real Estate

Investment Insights

Based on property information with market context.

Retail opportunities are available on the ground and lower levels within a River North loft building. The space can be leased separately or combined to create a dramatic two-level configuration.

The property is positioned at the southeast corner of Erie and Franklin in the gallery district, surrounded by a dense residential population.

This offering supports a flexible range of retail, service, or showroom use, depending on how the ground and lower levels are leased.

Key Highlights

  • Ground and lower level retail space available in a River North loft building
  • Located at the southeast corner of Erie and Franklin in the heart of the gallery district
  • Spaces can be leased separately or combined for a two‑level space

Property Analytics

Current Use

M. Grace Interior ... Interior Design HYROX Gym & Fitness Center Prolink Employment Agency Marquee Health Consultant Unique Empire (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Buffet Butcher Pet Grooming Service Nursing Home

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

19,004
Businesses Nearby
282k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 57% Hotels & Casinos 25% Shops & Services 11% Groceries 7%
McDonald's Dining
65,567 visits/mo 0.3 miles
Fogo de Chao Dining
28,749 visits/mo 0.2 miles
Hampton Inn & Suites Chicago Downtown By Hilton Hotels & Casinos
26,716 visits/mo 0.4 miles
Hyatt Place Chicago/River North Hotels & Casinos
22,052 visits/mo 0.3 miles
Binny's Beverage Depot Groceries
18,399 visits/mo 0.1 miles

Demographics for 60654, IL

23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground and lower level retail space available in a River North loft building at the Erie and Franklin corner.
Where is this retail space located?
The property is located at 223 W Erie St. Chicago, IL.
What are key features of this property?
This property features: Ground and lower level retail space available in a River North loft building; Located at the southeast corner of Erie and Franklin in the heart of the gallery district; Spaces can be leased separately or combined for a two‑level space
(312) 231-2600 Call to check price and availability
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