Building Details

Building Size 52,000 SF

Year Built 2026

Units 49

Spaces For Lease

at 629 W Lake St Contact us

Retail $49/SF/Yr

Size

1,231 SF

Type

Street Retail

Lease Type

NNN

Availability

Immediate

Sublease

No

Renewal Option

Yes

Contact us

Listing Agency: SVN | Chicago Commercial

Listed By: Adam C. Thomas · License #062060446 Show Phone

Source: Commercialcafe

Added: Jun 2 Changed: Aug 27 Last Checked: Sep 5 at 4:51AM

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Investment Insights

Based on property information with market context.

This is a new construction corner retail space built at the base of a 49-unit luxury apartment building. The suite offers expansive ceiling heights and 64’ of frontage. An in-place black iron shaft is already installed, supporting a wide range of retail concepts, including food service.

The property provides visibility along Lake and Desplaines Streets. It is positioned near the center of Fulton Market and Randolph’s Restaurant Row, with multiple prominent co-tenants in the immediate area.

The space is configured as a single corner retail location measuring 1,231 SF, designed for an active street-facing presence.

Key Highlights

• 1,231 SF new construction corner retail space in a 2026 build at the base of a 49‑unit luxury apartment building
• Corner location with 64’ of frontage on Lake and Desplaines Streets and expansive ceiling heights
• In‑place black iron shaft included, suited to a variety of retail uses including food

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Buffet Clothing & Fashion Store Adult Day Care Restaurant 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

$7.35 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

25,147

Businesses Nearby

221k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 40% Dining 39% Hotels & Casinos 12% Shops & Services 8%

Whole Foods Market Groceries

48,567 visits/mo 0.3 miles

Punch Bowl Social Dining

48,113 visits/mo 0.3 miles

Jewel-Osco Groceries

37,290 visits/mo 0.2 miles

Hampton Inn Chicago Downtown West Loop Hotels & Casinos

16,073 visits/mo 0.2 miles

Shake Shack Dining

14,493 visits/mo 0.5 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

$27.62 /SF/Yr

Avg Asking Price

$8–$133 /SF/Yr

Price Range

9,516 SF

Avg Space Size

This space is priced 77% above the average of $27.62 /SF/Yr.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - New construction corner retail suite with 64’ frontage, expansive ceiling heights, and an in-place black iron shaft.

Where is this retail space located?

The property is located at 629 W Lake St Chicago, IL.

What is the lease rate?

The lease rate is $49 SF/Yr.

What are key features of this property?

This property features: 1,231 SF new construction corner retail space in a 2026 build at the base of a 49‑unit luxury apartment building; Corner location with 64’ of frontage on Lake and Desplaines Streets and expansive ceiling heights; In‑place black iron shaft included, suited to a variety of retail uses including food