Retail Storefront with Pedway
For Lease
Contact for pricing
53-57 E Randolph St, Chicago, IL 60602
Ground-floor retail connects directly to the Millennium Park pedway and sits below 357 residential units.
Space Size504 SF
Days on Market373
Property Features for 53-57 E Randolph St
General Information
Standard status
Active
Size
504 SF
Property subtype
RETAIL
Spaces For Lease
at 53-57 E Randolph St Contact us- Floor
- 2
- Size
- 504 SF
- Type
- RETAIL
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
53 - 57 E Randolph St
- Between 7,000 –8,000 pedestrians on average pass through the heritage shops...
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Contact us
Listing Agency:
Mid-America Real Estate Group | Oakbrook Terrace
(630) 954-7223
Listed By:
Jaime Bertsche
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Aug 14
Last Checked: Aug 20 at 1:54PM
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 storefront space is located directly beneath 357 luxury residential units and features direct access to the Millennium Park pedway. The asset sits within the Heritage Shops at Millennium Park pedway environment.
Pedway access connects to major nearby destinations, including the Daley Center, block 37, Chicago Cultural Center, Millennium Station, and Millennium Park. Foot traffic in the immediate pedway area averages between 7,000 and 8,000 pedestrians per day.
Outside the pedway core, the corner of Randolph and Wabash sees approximately 23,000 pedestrians and 18,400 vehicles per day. The Washington/Wabash “L” station is about one block away with approximately 11,500 daily riders and 3.5 million annual riders. The property is also positioned near major retailers including Macy’s and Ross, and within close proximity to additional State Street retail including Target, Nordstrom Rack, Uniqlo, DSW, and Urban Outfitters.
Pedway access connects to major nearby destinations, including the Daley Center, block 37, Chicago Cultural Center, Millennium Station, and Millennium Park. Foot traffic in the immediate pedway area averages between 7,000 and 8,000 pedestrians per day.
Outside the pedway core, the corner of Randolph and Wabash sees approximately 23,000 pedestrians and 18,400 vehicles per day. The Washington/Wabash “L” station is about one block away with approximately 11,500 daily riders and 3.5 million annual riders. The property is also positioned near major retailers including Macy’s and Ross, and within close proximity to additional State Street retail including Target, Nordstrom Rack, Uniqlo, DSW, and Urban Outfitters.
Key Highlights
- Ground‑floor retail with direct access to the Millennium Park pedway
- Pedway traffic averages 7,000–8,000 pedestrians per day passing through the heritage shops
- Retail sits below 357 luxury residential units
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
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
Demographics for 60602, IL
1,261
Population
551
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
12,610
Density / Sq Mi
$123,047
Median Household Income
$43,500
Median Earnings
$2,775
Median Rent
$383,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor retail connects directly to the Millennium Park pedway and sits below 357 residential units.
Where is this retail space located?
The property is located at 53-57 E Randolph St Chicago, IL.
What are key features of this property?
This property features: Ground‑floor retail with direct access to the Millennium Park pedway; Pedway traffic averages 7,000–8,000 pedestrians per day passing through the heritage shops; Retail sits below 357 luxury residential units
