Mixed-Use Retail/Office
For Lease
$18 SF/Yr
451 E Pershing Rd, Chicago, IL 60653
Brand-new retail/office space below residential apartments, delivered ready for tenant improvements and customization.
Space Size3,300 SF
Days on Market94
Property Features for 451 E Pershing Rd
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Retail - Street Retail
Site & Location
Neighborhood
Bronzeville
Outdoor Storage
Yes
Building Details
Building Size
3,300 SF
Year Built
1969
Spaces For Lease
at 451 E Pershing Rd
451 E Pershing Rd
$18/SF/Yr
Size
3,300 SF
Type
Retail
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Listing Agency:
Jameson Commercial
Listed By:
Barry Kadish · License #475148869
(312) 502-5297
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 26 at 12:51PM
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 Jameson Commercial
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Investment Insights
Based on property information with market context.
Brand-new retail/office space is available in a mixed-use development at 451 E Pershing Rd in Chicago’s Bronzeville community. The space is situated beneath 32 residential apartments and is delivered ready for tenant improvements, with no existing conditions in place. This configuration provides flexibility for tenants to customize the layout to fit their operating needs.
The property is positioned for walk-by demand with easy access to public transit, and the surrounding area includes popular local attractions and dining options. An outdoor space is available for lease at an additional cost.
The building does not offer parking for the space. Tenants can rely on ample street parking in the area.
The property is positioned for walk-by demand with easy access to public transit, and the surrounding area includes popular local attractions and dining options. An outdoor space is available for lease at an additional cost.
The building does not offer parking for the space. Tenants can rely on ample street parking in the area.
Key Highlights
- 3,300 SF retail/office space in a brand‑new mixed‑use building at 451 E. Pershing Rd
- Located beneath 32 luxury residential apartments for built‑in visibility and a growing customer base
- Space delivered ready for tenant improvements and customization with no existing conditions
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
Explore this area
Business Placement
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
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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
8,623 SF
Avg Space Size
This space is priced 28% below the average of $25.14 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Brand-new retail/office space below residential apartments, delivered ready for tenant improvements and customization.
Where is this retail space located?
The property is located at 451 E Pershing Rd Chicago, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 3,300 SF retail/office space in a brand‑new mixed‑use building at 451 E. Pershing Rd; Located beneath 32 luxury residential apartments for built‑in visibility and a growing customer base; Space delivered ready for tenant improvements and customization with no existing conditions
