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Retail Space with Open Floor Plan
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2418 W CERMAK Road #A, Chicago, IL 60608

C1-2 zoning and on-site parking support the stated office, gallery, and general store uses.

Space SizeContact for details
Days on Market96

Property Features for 2418 W CERMAK Road #A

General Information

Standard status Active
Zoning C1-2

Site & Location

Neighborhood Near South Side
Utilities to Site Yes

Additional Details

Lease Term 12 months

Taxes and HOA fees

Annual Taxes $2,243

Amenities

bathroom
storage space
open floor plan
High Ceilings
Large windows
HVAC
free parking

Building Details

Year Built 2021
Stories 1
Listing Agency: REMAX Legends
Listed By: Edgardo Guerrero · License #475159071
Source: Fishmangroup
Added: Jul 21 Changed: Oct 23 Last Checked: Oct 23 at 1:23PM

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 REMAX Legends

Rey
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Investment Insights

Based on property information with market context.

Built in 2021, this retail space has an open layout, a bathroom, and separate storage. High ceilings, large windows, and HVAC are among its interior features. The stated potential uses include general or medical office, gallery, and general store.

The property is on Cermak Road, west of Western Avenue, in Chicago’s Little Village. On-site parking is available at no charge. The initial lease term is 1 year, with 2-3 year options. The tenant is responsible for gas, electricity, and maintenance of the common parking lot.

Key Highlights

  • Built in 2021
  • Open floor plan with bathroom and storage space
  • High ceilings, large windows, and HVAC

Property Analytics

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

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tanning Salon Pet Grooming Service HVAC Service

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

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,593
Businesses Nearby
198k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 64% Dining 30% Electronics 5%
Dollar Tree Shops & Services
29,998 visits/mo 0.2 miles
Dunkin' Donuts Dining
15,231 visits/mo 0.3 miles
BP Shops & Services
14,380 visits/mo 0.5 miles
Speedway Shops & Services
14,019 visits/mo 0.1 miles
Little Caesars Pizza Dining
13,456 visits/mo 0.3 miles

Demographics for 60608, IL

75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$25.14 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,876 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

Frequently Asked Questions

What type of property is this?
Retail space - C1-2 zoning and on-site parking support the stated office, gallery, and general store uses.
Where is this retail space located?
The property is located at 2418 W CERMAK Road #A Chicago, IL.
What are key features of this property?
This property features: Built in 2021; Open floor plan with bathroom and storage space; High ceilings, large windows, and HVAC
More about this property
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