Retail Space in Millennium
For Lease
Contact for pricing
53-57 E Randolph St, Chicago, IL
Retail space with high pedestrian traffic and excellent accessibility.
Space Size368 SF - 13,278 SF
Lot Size1.09 Acres
Days on Market425
Property Features for 53-57 E Randolph St
General Information
Standard status
Active
Size
368 SF - 13,278 SF
Lot size
1.09 Acres
Property subtype
RETAIL
Lease Type
Modified Gross
Spaces For Lease
at 53-57 E Randolph St Contact us| Name | Size | Type | Rate | Availability | |
|---|---|---|---|---|---|
| 53 - 57 E Randolph St | 2,594 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| 53 - 57 E Randolph St | 2,750 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| 53 - 57 E Randolph St | 2,754 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| 53 - 57 E Randolph St | 1,221 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| 53 - 57 E Randolph St | 368 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| 53 - 57 E Randolph St | 504 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| SEC Randolph St & Wabash Ave | 1,031 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| SEC Randolph St & Wabash Ave | 1,197 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| SEC Randolph St & Wabash Ave | 406 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| SEC Randolph St & Wabash Ave | 416 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| SEC Randolph St & Wabash Ave | 492 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| SEC Randolph St & Wabash Ave | 689 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| SEC Randolph St & Wabash Ave | 729 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| SEC Randolph St & Wabash Ave | 946 SF | RETAIL | Contact for pricing | AVAILABLE, Now | Contact us |
| The Heritage Office Lofts | 13,278 SF | OFFICE | $23/SF/Yr | AVAILABLE, Now | Contact us |
Show all 15 spaces
Listing Agency:
Mid-America Real Estate Group | Oakbrook Terrace
(630) 954-7300
Listed By:
Jaime Bertsche
(630) 954-7223
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Oct 8
Last Checked: Oct 11 at 8:28AM
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 Mid-America Real Estate Group | Oakbrook Terrace
Investment Insights
Based on property information with market context.
This retail space benefits from a high-traffic location, with an average of 7,000 to 8,000 pedestrians passing through the heritage shops at Millennium Park Pedway daily. It offers direct Pedway access to the Daley Center, Block 37, the Chicago Cultural Center, Millennium Station, and Millennium Park. The retail space is situated below 357 luxury residential units. The corner of Randolph and Wabash sees approximately 23,000 pedestrians and 18,400 vehicles per day. Located one block from the Washington/Wabash 'L' station, which serves approximately 11,500 daily riders and 3.5 million annual riders. It is across from Macy’s department store and Ross, and one block from State Street retailers, including Target, Nordstrom Rack, Uniqlo, DSW, and Urban Outfitters. The property is in close proximity to Goddess and the Baker, Halal Guys, Nando’s, Jiao, Capriotti’s, Elephant & Castle, Sweetgreen, and Naf Naf. The property has a size of 368 square feet.
Key Highlights
- Direct pedway access to Daley Center, Block 37, Chicago Cultural Center, Millennium Station, and Millennium Park.
- High pedestrian traffic: 7,000‑8,000 daily through Millennium Park Pedway heritage shops.
- Located at the corner of Randolph and Wabash with approximately 23,000 pedestrians and 18,400 vehicles passing daily.
Property Analytics
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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
39,284
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 38%
Shops & Services 28%
Dining 20%
Apparel 15%
theWit Chicago - a DoubleTree by Hilton Hotel
Hotels & Casinos
35,939 visits/mo
0.2 miles
BP
Shops & Services
25,664 visits/mo
0.3 miles
Saks OFF 5TH
Apparel
13,751 visits/mo
0.1 miles
McDonald's
Dining
9,419 visits/mo
0.3 miles
The Smith
Dining
6,546 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Chicago, IL
$25.49 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,917 SF
Avg Space Size
This space is priced 10% below the average of $25.49 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with high pedestrian traffic and excellent accessibility.
Where is this retail space located?
The property is located at 53-57 E Randolph St Chicago, IL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Direct pedway access to Daley Center, Block 37, Chicago Cultural Center, Millennium Station, and Millennium Park.; High pedestrian traffic: 7,000‑8,000 daily through Millennium Park Pedway heritage shops.; Located at the corner of Randolph and Wabash with approximately 23,000 pedestrians and 18,400 vehicles passing daily.
