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Retail Space Adjacent to CTA Station
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4308-4312 S Calumet Ave, Chicago, IL 60653

Up to 4,741 SF available for lease in a building with retail on the first floor and residences above.

Property Size1,216 SF
Days on Market723

Property Features for 4308-4312 S Calumet Ave

General Information

Standard status Active
Size 1,216 SF
Property subtype RETAIL
Listing Agency: Canvas Real Estate
Listed By: Anthony Campagni · License #475211525
Source: Moodyscre
Added: Aug 8, 2024 Changed: Jul 25 Last Checked: Jul 30 at 11:33AM

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 Canvas Real Estate

Investment Insights

Based on property information with market context.

Up to 4,741 SF is available for lease within a mixed-use building featuring retail on the first floor and 99 residential units above. The property is being developed in phases, with Phase II consisting of an additional 80 residential units scheduled to open in Fall 2024.

The building is directly next to the 43rd (Green Line) CTA Station, offering convenient transit access for customers and residents.

This configuration supports ground-floor retail with substantial residential population overhead, alongside ongoing residential expansion through the Phase II opening.

Key Highlights

  • Up to 4,741 SF available for lease in a mixed‑use building
  • 99 residential units above 1st‑floor retail
  • Directly next to the 43rd (Green Line) CTA Station

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm HVAC Service Building Supply Kitchen & Bath Showroom Auto Parts Store Auto Repair Shop

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,369
Businesses Nearby

Demographics for 60653, IL

33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Up to 4,741 SF available for lease in a building with retail on the first floor and residences above.
Where is this retail space located?
The property is located at 4308-4312 S Calumet Ave Chicago, IL.
What are key features of this property?
This property features: Up to 4,741 SF available for lease in a mixed‑use building; 99 residential units above 1st‑floor retail; Directly next to the 43rd (Green Line) CTA Station
(847) 651-8669 Call to check price and availability
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