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Retail or Office Space with HVAC
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2418 W CERMAK Road B, Chicago, IL 60608

Ground-floor commercial unit with high ceilings, large windows, bathroom, storage, open layout, and HVAC.

Days on Market11

Property Features for 2418 W CERMAK Road B

General Information

Standard status Active
Property subtype Retail
Zoning C1-2

Lease Terms

Lease Term 12 months
Month-to-Month No
Flexible Term No

Additional Details

Space Use Office
Utilities to Site Yes

Amenities

bathroom
storage space
open floor plan
high ceilings
large windows
HVAC

Building Details

Year Built 2021
Listing Agency: Remax Legends
Listed By: Edgar R Guerrero · License #IL 874979
Source: Crexi
Added: Jul 20 Changed: Jul 29 Last Checked: Jul 30 at 11:30AM

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

Investment Insights

Based on property information with market context.

This for-rent commercial space includes a bathroom and storage space, with an open floor plan designed for flexible tenant buildouts. The unit features high ceilings, large windows that bring in natural light, and HVAC. The property is described as needing updating, making it a good fit for an operator planning improvements.

The space is located on busy Cermak Road, just west of Western Ave in Little Village, and offers free parking in an on-site parking lot. The listing notes zoning of C1-2 and states the tenant pays for gas and electric, along with common-area parking lot maintenance.

The space is available with an initial one-year lease term and two to three year options. The property is easy to show, with short notice permitted.

Key Highlights

  • Year built 2021 ground‑floor commercial unit for rent
  • Zoned C1‑2 and suitable for office, medical/other, art/gallery, or general store use (subject to zoning)
  • Open floor plan with high ceilings and large windows for natural light

Property 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

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

Market

Lease Benchmarks for Chicago, IL

$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 SF
Avg Space Size

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground-floor commercial unit with high ceilings, large windows, bathroom, storage, open layout, and HVAC.
Where is this retail space located?
The property is located at 2418 W CERMAK Road B Chicago, IL.
What are key features of this property?
This property features: Year built 2021 ground‑floor commercial unit for rent; Zoned C1‑2 and suitable for office, medical/other, art/gallery, or general store use (subject to zoning); Open floor plan with high ceilings and large windows for natural light
More about this property
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