Mixed-Use Property with Retail
New
For Lease
$18 SF/Yr
503 E Pershing Road, Chicago, IL 60653
New construction offers customizable commercial space beneath residential apartments in Chicago’s Bronzeville neighborhood.
Space Size3,300 SF
Days on Market6
Property Features for 503 E Pershing Road
General Information
Standard status
Active
Size
3,300 SF
Net Rentable
3,300 SF
Property subtype
COMMERCIAL
Space & Availability
Available Space
3,300 SF
Contiguous Space
3,300 SF
Taxes and HOA fees
Annual Taxes
$3,955
Building Details
Year Built
2025
Listing Agency:
Jameson Commercial
(248) 971-0306
Listed By:
Barry Kadish · License #475148869
Source:
Harkinsandassociates
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 4:06AM
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
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
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,156
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
Market
Lease Benchmarks for Chicago, IL
$26.53 /SF/Yr
Avg Asking Price
$10.25–$35 /SF/Yr
Price Range
84,856 SF
Avg Space Size
This space is priced 32% below the average of $26.53 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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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 $18 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
