Turnkey Ground-Floor Salon
For Lease
$28 SF/Yr
68 E 21st Street #1, Chicago, IL 60616
Move-in-ready salon/beauty space in a landmark mixed-use building with strong street-level pedestrian exposure.
Space SizeContact for details
Days on Market71
Property Features for 68 E 21st Street #1
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Business Included
Yes
Amenities
Central air
Central Air Cooling
Building Details
Year Built
1950
Listing Agency:
VOLTA INVESTMENTS LLC
(312) 868-0600
Listed By:
DOMINIC BERTUCCI
Source:
Corcoran
Added: Jun 3
Changed: Aug 8
Last Checked: Jul 20 at 3:53PM
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 VOLTA INVESTMENTS LLC
Investment Insights
Based on property information with market context.
A 3,391 SF ground-floor retail opportunity offered for lease, presented as a fully built-out salon space designed for immediate occupancy. The interior includes a modern layout and existing salon infrastructure, making it practical for tenants looking to open without extensive build-out. The space is configured to support a salon and related service model, with storefront frontage intended to capture walk-by attention.
The property is located in Chicago’s historic Motor Row District within a landmark mixed-use building. It benefits from strong pedestrian exposure along 21st Street, and the surrounding area connects to major destinations including downtown Chicago, McCormick Place, and Lake Shore Drive. Transit access via CTA and the nearby South Loop dining and entertainment environment further support day-to-day customer reach.
This space is well-suited for salon, beauty, wellness, and medical aesthetics operators, or other retail users seeking a turnkey ground-floor setup in a mixed-use setting. With its ready-for-occupancy condition and built-in improvements oriented to salon use, it offers a straightforward path for an operator to begin trading promptly in a high-visibility corridor.
The property is located in Chicago’s historic Motor Row District within a landmark mixed-use building. It benefits from strong pedestrian exposure along 21st Street, and the surrounding area connects to major destinations including downtown Chicago, McCormick Place, and Lake Shore Drive. Transit access via CTA and the nearby South Loop dining and entertainment environment further support day-to-day customer reach.
This space is well-suited for salon, beauty, wellness, and medical aesthetics operators, or other retail users seeking a turnkey ground-floor setup in a mixed-use setting. With its ready-for-occupancy condition and built-in improvements oriented to salon use, it offers a straightforward path for an operator to begin trading promptly in a high-visibility corridor.
Key Highlights
- 3,391 SF ground‑floor retail salon space in Chicago’s Motor Row District
- Fully built‑out salon layout with existing salon infrastructure for immediate occupancy
- Located in a landmark mixed‑use building with street‑level pedestrian exposure along 21st Street
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,534
Businesses Nearby
169k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Groceries 30%
Hotels & Casinos 20%
Shops & Services 18%
Mariano's
Groceries
50,480 visits/mo
0.5 miles
Marriott Marquis Chicago
Hotels & Casinos
33,862 visits/mo
0.2 miles
White Castle
Dining
23,545 visits/mo
0.2 miles
Pizanos Pizza
Dining
13,973 visits/mo
0.1 miles
Chase Bank
Shops & Services
11,972 visits/mo
0.2 miles
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$29.23 /SF/Yr
Avg Asking Price
$22–$44 /SF/Yr
Price Range
2,205 SF
Avg Space Size
This space is priced 4% below the average of $29.23 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Move-in-ready salon/beauty space in a landmark mixed-use building with strong street-level pedestrian exposure.
Where is this spa & wellness property located?
The property is located at 68 E 21st Street #1 Chicago, IL.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: 3,391 SF ground‑floor retail salon space in Chicago’s Motor Row District; Fully built‑out salon layout with existing salon infrastructure for immediate occupancy; Located in a landmark mixed‑use building with street‑level pedestrian exposure along 21st Street
