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Ground-Floor Retail Space
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626 S Wabash Ave, Chicago, IL 60605

Brand-new construction retail space at the base of multifamily and student housing, totaling 4,057 SF.

Property Size4,057 SF
Days on Market113

Property Features for 626 S Wabash Ave

General Information

Standard status Active
Size 4,057 SF
Property subtype OFFICE

Additional Details

Business Included No

Amenities

black iron capable
Listing Agency: Canvas Real Estate
Listed By: John Bassi
Source: Moodyscre
Added: Apr 9 Changed: Jul 28 Last Checked: Jul 29 at 3:26PM

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 Canvas Real Estate

Investment Insights

Based on property information with market context.

Brand-new construction ground-floor retail space totaling 4,057 SF. The building features black iron capable, suited to retail and service buildouts that benefit from flexible interior presentation.

The space is located at the base of 368 beds/units of multifamily and student housing in the South Loop, creating a dense, walkable trade area.

This configuration supports concepts such as café, fast-casual, fitness, and neighborhood-serving uses.

Key Highlights

  • 4,057 SF brand‑new construction retail space in the South Loop
  • Located at the base of 368 beds/units of multifamily and student housing
  • Black iron available

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Discount Store Butcher Nursing Home Tanning Salon

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

12,132
Businesses Nearby
227k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 58% Groceries 20% Hotels & Casinos 11% Apparel 8%
Target Superstores
131,620 visits/mo 0.3 miles
Jewel-Osco Groceries
46,012 visits/mo 0.4 miles
H&M Apparel
18,041 visits/mo 0.4 miles
Renaissance Blackstone Hotel Hotels & Casinos
13,890 visits/mo 0.2 miles
Best Western Grant Park Hotel Hotels & Casinos
6,261 visits/mo 0.2 miles

Demographics for 60605, IL

34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Brand-new construction retail space at the base of multifamily and student housing, totaling 4,057 SF.
Where is this retail space located?
The property is located at 626 S Wabash Ave Chicago, IL.
What are key features of this property?
This property features: 4,057 SF brand‑new construction retail space in the South Loop; Located at the base of 368 beds/units of multifamily and student housing; Black iron available
(708) 822-4583 Call to check price and availability
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