Prime Retail Space in
For Lease
$8 SF/Yr
2833 W Cermak Road, Chicago, IL 60623
6,000 SF retail space in Little Village neighborhood.
Space SizeContact for details
Days on Market430
Property Features for 2833 W Cermak Road
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,541
Building Details
Year Built
1906
Listing Agency:
CENTURY 21 S.G.R., INC.
(312) 326-3697
Listed By:
MYRA NIMCHAIYONG · License #471018194
Source:
Corcoran
Added: Jun 10, 2025
Changed: Aug 12
Last Checked: Aug 12 at 6:37AM
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 CENTURY 21 S.G.R., INC.
Investment Insights
Based on property information with market context.
This expansive 6,000 square foot retail space is located in Chicago's Little Village neighborhood. Situated on Cermak Road, the site benefits from high traffic, with over 28,000 vehicles per day. The space can be divided into two 3,000 SF spaces. The property is suitable for retail, showroom, or service uses, and features an open layout, high ceilings, and large storefront windows. The location benefits from a dense urban population, with over 50,000 residents within a 1-mile radius. Annual consumer spending in the immediate trade area surpasses $470 million, driven by demand for food, apparel, personal care, and general retail. The property is conveniently situated near public transit and major expressways including I-55 and I-290. The zoning is B3-2.
Key Highlights
- High‑traffic location on Cermak Road with 28,000+ vehicles per day, providing outstanding visibility.
- Expansive 6,000 SF retail space, divisible into two 3,000 SF spaces for flexible use.
- Located in a densely populated area with over 50,000 residents within a 1‑mile radius.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,700
Businesses Nearby
108k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 45%
Electronics 2%
Dollar Tree
Shops & Services
29,998 visits/mo
0.5 miles
BP
Shops & Services
16,196 visits/mo
0.4 miles
Church's Chicken
Dining
13,470 visits/mo
0.1 miles
Little Caesars Pizza
Dining
13,456 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,845 visits/mo
0.4 miles
Demographics for 60623, IL
87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 SF
Avg Space Size
This space is priced 69% below the average of $25.68 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 6,000 SF retail space in Little Village neighborhood.
Where is this retail space located?
The property is located at 2833 W Cermak Road Chicago, IL.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: High‑traffic location on Cermak Road with 28,000+ vehicles per day, providing outstanding visibility.; Expansive 6,000 SF retail space, divisible into two 3,000 SF spaces for flexible use.; Located in a densely populated area with over 50,000 residents within a 1‑mile radius.
