Building Details

Year Built 1889

Stories 2

Listing Agency: Open Path Realty h***@openpathrealty.com Show Phone

Listed By: Hector Castaneda · License #471005429 Show Phone

Source: Allinonerealestateco

Added: Dec 5, 2025 Changed: Aug 17 Last Checked: Aug 17 at 10:25PM

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Investment Insights

Based on property information with market context.

This 1,900-square-foot retail space occupies a corner position at 2620 W Cermak Road in Chicago. The layout is presented for retail, office, showroom, salon or barber, medical, and other commercial uses, with signage opportunities and direct street exposure. The property dates to 1889.

Cermak Road carries reported traffic of more than 15,000 vehicles per day, complemented by pedestrian activity along the commercial corridor. Nearby businesses include Walmart Neighborhood Market, Dollar Tree, McDonald's, Burger King, Dunkin', T-Mobile, Chase Bank, and Little Caesar's, all identified within a few blocks.

The tenant is responsible for 15% of Property Tax and 15% of Water. If the tenant does not arrange its own trash service, the tenant is responsible for 15% of the owner's bill.

Key Highlights

• 1,900 sq ft corner retail space at 2620 W Cermak Road
• Reported traffic of 15,000+ vehicles per day on Cermak Road
• Signage opportunities with direct street exposure

Property Analytics

Current Use

A la carte food ... Grocery & Convenience Store

Suggested Use

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

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

15,000 VPD

Traffic count

NNN (Triple Net)

Lease Type

$2.84 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,643

Businesses Nearby

171k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 52% Dining 44% Electronics 4%

Dollar Tree Shops & Services

29,998 visits/mo 0.2 miles

Dunkin' Donuts Dining

15,231 visits/mo 0.4 miles

Speedway Shops & Services

14,019 visits/mo 0.4 miles

Church's Chicken Dining

13,470 visits/mo 0.2 miles

Little Caesars Pizza Dining

13,456 visits/mo 0.0 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

Market

Lease Benchmarks for Chicago, IL

$25.9 /SF/Yr

Avg Asking Price

$8–$133 /SF/Yr

Price Range

9,190 SF

Avg Space Size

This space is priced 27% below the average of $25.9 /SF/Yr.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Flexible commercial layout with signage potential along Cermak Road.

Where is this retail space located?

The property is located at 2620 W Cermak Road #CS Chicago, IL.

What is the lease rate?

The lease rate is $18.95 SF/Yr.

What are key features of this property?

This property features: 1,900 sq ft corner retail space at 2620 W Cermak Road; Reported traffic of 15,000+ vehicles per day on Cermak Road; Signage opportunities with direct street exposure