Mixed-Use Property with Retail
503 E Pershing Road, Chicago, IL 60653
For Lease
$23 SF/Yr
New construction offers customizable commercial space beneath residential apartments in Chicago’s Bronzeville neighborhood.
Space Size3,300 SF
Days on Market101
Property Features for 503 E Pershing Road
General Information
Standard status
Size
Net Rentable
Property subtype
Space & Availability
Available Space
Contiguous Space
Site & Location
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Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Jameson Commercial
Listed By:
Barry Kadish · License #475148869
(312) 502-5297
Source:
Harkinsandassociates
Added: Jul 31
Changed: Nov 7
Last Checked: Nov 6 at 6:12PM
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.
This 2025 mixed-use development includes a 3,300-square-foot retail and office space positioned below 32 residential apartments. The premises will be delivered without existing interior conditions, allowing a future tenant to configure the layout through tenant improvements. The space can accommodate retail, medical, professional office, restaurant, fitness, or service-oriented uses, as identified for the property.
On-site parking is not provided for the commercial space. Street parking is available in the surrounding area. The property is located in Chicago’s Bronzeville neighborhood.
On-site parking is not provided for the commercial space. Street parking is available in the surrounding area. The property is located in Chicago’s Bronzeville neighborhood.
Key Highlights
- 3,300 SF retail/office space
- Located beneath 32 residential apartments
- 2025 mixed‑use development
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
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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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Market
Lease Benchmarks for Chicago, IL
$26.95 /SF/Yr
Avg Asking Price
$10–$52.5 /SF/Yr
Price Range
32,320 SF
Avg Space Size
This space is priced 15% below the average of $26.95 /SF/Yr.
Average Price Trend$/SF/Yr for Mixed-use properties in Chicago, IL
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - New construction offers customizable commercial space beneath residential apartments in Chicago’s Bronzeville neighborhood.
Where is this mixed-use property located?
The property is located at 503 E Pershing Road Chicago, IL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: 3,300 SF retail/office space; Located beneath 32 residential apartments; 2025 mixed‑use development
