Retail Space with Pedway
For Lease
Contact for pricing
53-57 E Randolph St, Chicago, IL 60602
Street-level retail beneath 357 residential units, surrounded by major retailers, dining, transit, and cultural destinations.
Space SizeContact for details
Property Size2,754 SF
Days on Market358
Property Features for 53-57 E Randolph St
General Information
Standard status
Active
Size
2,754 SF
Property subtype
RETAIL
Additional Details
Space Use
Retail
Listing Agency:
Mid-America Real Estate Group | Oakbrook Terrace
(630) 954-7223
Listed By:
Jaime Bertsche
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Jul 31
Last Checked: Aug 6 at 12:50PM
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 2,754-square-foot retail space is positioned beneath 357 luxury residential units and benefits from direct access to the Heritage Shops at Millennium Park pedway. The property offers a street-level commercial setting within a high-density downtown environment.
Approximately 7,000–8,000 pedestrians pass through the Heritage Shops at Millennium Park pedway daily. At Randolph and Wabash, the property is exposed to approximately 23,000 pedestrians and 18,400 vehicles per day. Washington/Wabash “L” station is one block away, with approximately 11,500 daily riders and 3.5 million annual riders. The site 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. Direct pedway connections reach the Daley Center, Block 37, Chicago Cultural Center, Millennium Station, and Millennium Park.
Approximately 7,000–8,000 pedestrians pass through the Heritage Shops at Millennium Park pedway daily. At Randolph and Wabash, the property is exposed to approximately 23,000 pedestrians and 18,400 vehicles per day. Washington/Wabash “L” station is one block away, with approximately 11,500 daily riders and 3.5 million annual riders. The site 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. Direct pedway connections reach the Daley Center, Block 37, Chicago Cultural Center, Millennium Station, and Millennium Park.
Key Highlights
- 2,754 SF of retail space beneath 357 luxury residential units
- Direct pedway access to the Daley Center, Block 37, Chicago Cultural Center, Millennium Station, and Millennium Park
- Approximately 23,000 pedestrians and 18,400 vehicles per day at Randolph and Wabash
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
31,865
Businesses Nearby
117k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 55%
Shops & Services 23%
Apparel 12%
Dining 10%
theWit Chicago - a DoubleTree by Hilton Hotel
Hotels & Casinos
35,939 visits/mo
0.3 miles
Sheraton Grand Chicago Riverwalk
Hotels & Casinos
28,646 visits/mo
0.5 miles
BP
Shops & Services
25,664 visits/mo
0.1 miles
Saks OFF 5TH
Apparel
13,751 visits/mo
0.3 miles
McDonald's
Dining
9,419 visits/mo
0.1 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
$25.43 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
7,935 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Street-level retail beneath 357 residential units, surrounded by major retailers, dining, transit, and cultural destinations.
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: 2,754 SF of retail space beneath 357 luxury residential units; Direct pedway access to the Daley Center, Block 37, Chicago Cultural Center, Millennium Station, and Millennium Park; Approximately 23,000 pedestrians and 18,400 vehicles per day at Randolph and Wabash
