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Leased Retail Storefront Property
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700 E 47th St, Chicago, IL 60653

A 3,600 SF retail storefront is fully leased with long-term tenants and ample parking on busy 47th Street.

Property Size3,600 SF
Lot Size0.28 Acres
Days on Market368

Property Features for 700 E 47th St

General Information

Standard status Active
Size 3,600 SF
Lot size 0.28 Acres
Property subtype RETAIL
Zoning B1-1
Occupancy 100%

Additional Details

Traffic Count 11,240 vehicles/day
Listing Agency: Millennium Properties Real Estate
Listed By: Daniel J. Hyman · License #471.013658X
Source: Moodyscre
Added: Jul 30, 2025 Changed: Jul 25 Last Checked: Aug 1 at 7:31AM

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 Millennium Properties Real Estate

Investment Insights

Based on property information with market context.

This property offers 3,600 SF of retail storefront space and is fully leased, with many long-term tenants. The site includes ample parking, supporting convenient customer access.

The building is located on busy 47th Street, with a stated traffic count of 11,240 vehicles daily. Retail neighbors in the area include McDonald’s, Dollar Tree, and Family Dollar. Zoning is B1-1.

With its leased configuration and established tenant base, the property may appeal to both owner-users and investors seeking a retail storefront asset in a high-traffic retail corridor.

Key Highlights

  • 3,600 SF retail storefront, fully leased with many long‑term tenants
  • Ample on‑site parking for customers and employees
  • Located on busy 47th Street with a traffic count of 11,240 vehicles daily

Property Analytics

Current Use

The Healthy Hair Boutique Hair Salon Prettyhairboss studios Hair Salon Oddity Clothing Store Taqueria Varitas Restaurant J.London Beauty & Body Medical Clinic

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon (Bike/Boat/Book/etc) Store Spa & Massage Center Skin Care Clinic

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

11,240 VPD
Traffic count
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,694
Businesses Nearby
92k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 49% Dining 45% Electronics 3% Apparel 3%
McDonald's Dining
28,354 visits/mo 0.1 miles
Dollar Tree Shops & Services
16,577 visits/mo 0.1 miles
Family Dollar Shops & Services
16,354 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
11,191 visits/mo 0.1 miles
O'Reilly Auto Parts Shops & Services
5,937 visits/mo 0.1 miles

Demographics for 60653, IL

33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value

Market

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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Similar Off Market Nearby

  • Parrish Creation & Investment — 1110 W 50th St, Chicago, IL 60609

Frequently Asked Questions

What type of property is this?
Storefront property - A 3,600 SF retail storefront is fully leased with long-term tenants and ample parking on busy 47th Street.
Where is this storefront property located?
The property is located at 700 E 47th St Chicago, IL.
What are key features of this property?
This property features: 3,600 SF retail storefront, fully leased with many long‑term tenants; Ample on‑site parking for customers and employees; Located on busy 47th Street with a traffic count of 11,240 vehicles daily
(312) 338-3003 Call to check price and availability
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