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Five-Story Mixed-Use Property
For Sale
Contact for pricing
Pending

233 W Lake St, Chicago, IL 60606

The building combines ground-floor retail with upper-level offices and a residential penthouse.

Property SizeContact for details
Lot Size0.09 Acres
Days on Market144

Property Features for 233 W Lake St

General Information

Standard status Pending
Lot size 0.09 Acres
Property subtype Mixed Use, Office, Retail
Occupancy 83%

Site & Location

Frontage 45 ft
Public Transit Yes

Building Details

Buildings 1
Stories 5
Tenancy Multi
Listing Agency: KW Commercial Chicago - Lincoln Park
Listed By: Tony Hardy · License #IL 475.139834
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 3:11AM

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 KW Commercial Chicago - Lincoln Park

Investment Insights

Based on property information with market context.

This five-story mixed-use building at 233 W Lake St combines retail, office, and residential components. The first floor contains two retail units, including a Chipotle location with a current lease term extending through December 2033. Floors two through four are configured for office occupancy, while the top floor contains a four-bedroom, three-bathroom residential penthouse.

The property is 83% leased and occupies 3,999 square feet of land. It is positioned in Chicago’s central business district, known as The Loop, directly across from Wacker Drive. The surrounding setting provides access to CTA Pink, Green, Orange, Brown, and Blue Line “L” stations, along with prominent city destinations and landmarks. The property is also near the city’s highest pedestrian-count areas.

Key Highlights

  • Five‑story mixed‑use building with retail, office, and residential components
  • 83% leased occupancy
  • Two ground‑floor retail units, including a Chipotle location

Property Analytics

Current Use

Chipotle Mexican Grill Restaurant

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Adult Day Care

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

83%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

37,237
Businesses Nearby

Demographics for 60606, IL

3,797
Population
3,032
Households
1.3
Avg Household Size
34
Median Age
93%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
18,985
Density / Sq Mi
$139,148
Median Household Income
$107,490
Median Earnings
$2,535
Median Rent
$366,500
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The building combines ground-floor retail with upper-level offices and a residential penthouse.
Where is this mixed-use property located?
The property is located at 233 W Lake St Chicago, IL.
What are key features of this property?
This property features: Five‑story mixed‑use building with retail, office, and residential components; 83% leased occupancy; Two ground‑floor retail units, including a Chipotle location
(773) 946-8816 Call to check price and availability
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