Edgewater Retail/Office Space
For Lease
$16 SF/Yr
5415 N Sheridan Road #114, Chicago, IL 60640
Prime retail/office space in Edgewater near public transportation.
Space SizeContact for details
Days on Market671
Property Features for 5415 N Sheridan Road #114
General Information
Standard status
Active
Property subtype
Commercial
Amenities
Central air
Central Individual Cooling
Building Details
Year Built
1973
Listing Agency:
STRAUSS REALTY LTD
(773) 736-3600
Listed By:
MOSHE WEINBERGER · License #475183341
Source:
Corcoran
Added: Oct 10, 2024
Changed: Aug 8
Last Checked: Jul 16 at 8:37AM
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 STRAUSS REALTY LTD
Investment Insights
Based on property information with market context.
This approximately 5,000 SF retail/office space is available for lease in Edgewater. It is located in a single-story mini-mall adjacent to the Park Tower high-rise building, which features 744 units and 24-hour security. The location is anchored by Lettuce Entertain You. The space is suitable for a professional office, law firm, accounting firm, medical office, insurance agency, showroom, or storage solutions. The current layout includes a counter service area, checkout area, storage rooms, cooler rooms, a kitchen, and a large open retail area. Garage parking is available for lease. The location offers convenient access to transportation, with an express bus stop at the door and the Berwyn Ave Red Line station within walking distance. It also provides direct access to Lake Shore Drive, beaches, and the 18-mile lakefront trail. The property is located steps away from the shopping and dining options of Edgewater, Bryn Mawr, and Andersonville, and Mariano's is a short walk away.
Key Highlights
- Prime location in Edgewater, adjacent to Park Tower and anchored by Lettuce Entertain You.
- Versatile 5,000 SF space suitable for retail, office, medical, or storage.
- Existing layout includes counter service, checkout, storage, cooler, kitchen, and open retail area.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 60640, IL
65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 SF
Avg Space Size
This space is priced 38% below the average of $25.68 /SF/Yr.
Vacancy Rate% for Office 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 - Prime retail/office space in Edgewater near public transportation.
Where is this retail space located?
The property is located at 5415 N Sheridan Road #114 Chicago, IL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Prime location in Edgewater, adjacent to Park Tower and anchored by Lettuce Entertain You.; Versatile 5,000 SF space suitable for retail, office, medical, or storage.; Existing layout includes counter service, checkout, storage, cooler, kitchen, and open retail area.
