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Corner Retail Space with Alley Entry
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550 W Randolph Street, Chicago, IL 60661

Corner storefront and flexible retail floor space with strong pedestrian appeal and an alley-facing option with roll-up doors.

Space Size1,912 SF - 9,176 SF
Days on Market59

Property Features for 550 W Randolph Street

General Information

Standard status Active
Size 1,912 SF - 9,176 SF
Property subtype Retail, Restaurant

Building Details

Year Built 1909
Stories 7
Tenancy Multiple

Spaces For Lease

at 550 W Randolph Street Contact us

Retail / Restaurant

Size
9,176 SF
Type
Restaurant, Retail
Availability
Active
Contact us

Cafe / Specialty Shop

Size
1,912 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Kain Real Estate
Listed By: Allan Perales · License #478.027563
Source: Crexi
Added: Jun 15 Changed: Aug 8 Last Checked: Aug 12 at 4:15AM

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 Kain Real Estate

Investment Insights

Based on property information with market context.

This recently redeveloped seven-story building offers retail space designed for storefront visibility and adaptable layouts. The primary retail suite provides approximately 9,176 SF of open, flexible floor space, with expansive storefront exposure and strong pedestrian traffic. An adjacent corner space of approximately 1,912 SF is alley-facing and includes a main entrance off W Randolph, suited for a coffee shop, café, or specialty food operator. The alley-facing space features multiple roll-up doors and seating along the alleyway, supporting an indoor-outdoor customer experience. The two suites can be combined to create a larger option exceeding 11,000 SF.

The building is positioned at the prominent corner of W Randolph Street and N Clinton Street in a mixed-use district. This corner location supports retail storefront presence with direct street and alley access, giving operators multiple points of entry and customer flow. With dedicated street-facing exposure plus an alley-facing dining setup, the property can accommodate different retail concepts depending on how the space is utilized.

For retailers, cafés, and specialty food operators, the combination of open flexible floor space, strong storefront exposure, and an alley-ready format offers practical flexibility. Concepts that benefit from both walk-up visibility and an indoor-outdoor service model can use the alley-facing suite’s roll-up door setup and seating. Tenants who need a larger footprint may consider combining the suites for a consolidated retail offering within the same building.

Key Highlights

  • Prominent corner of W Randolph St and N Clinton St with seven‑story office building setting in a mixed‑use district
  • Primary retail space includes approx. 9,176 SF of open, flexible floor space
  • Corner storefront offers approx. 1,912 SF alley‑facing space with main entrance off W Randolph

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Nursing Home Clothing & Fashion Store Adult Day Care Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

7,187
Businesses Nearby
351k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 39% Superstores 32% Groceries 14% Shops & Services 6%
Target Superstores
112,849 visits/mo 0.4 miles
Whole Foods Market Groceries
48,567 visits/mo 0.5 miles
Punch Bowl Social Dining
48,113 visits/mo 0.4 miles
McDonald's Dining
38,968 visits/mo 0.4 miles
Shake Shack Dining
14,493 visits/mo 0.2 miles

Demographics for 60661, IL

11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
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

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Corner storefront and flexible retail floor space with strong pedestrian appeal and an alley-facing option with roll-up doors.
Where is this retail space located?
The property is located at 550 W Randolph Street Chicago, IL.
What are key features of this property?
This property features: Prominent corner of W Randolph St and N Clinton St with seven‑story office building setting in a mixed‑use district; Primary retail space includes approx. 9,176 SF of open, flexible floor space; Corner storefront offers approx. 1,912 SF alley‑facing space with main entrance off W Randolph
More about this property
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