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Retail Space Near Magnificent Mile
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110 E Pearson Street, Chicago, IL 60611

Prime retail space in Chicago's Magnificent Mile district.

Space Size1,948 SF - 7,515 SF
Property Size9,463 SF
Days on Market1237

Property Features for 110 E Pearson Street

General Information

Standard status Active
Size 1,948 SF - 7,515 SF
Property subtype Retail

Building Details

Building Size 9,463 SF
Tenancy Multiple

Spaces For Lease

at 110 E Pearson Street Contact us

1 st Floor

Size
7,515 SF
Type
Retail
Availability
Active
Contact us

2nd Floor

Size
1,948 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Sterling Organization
Listed By: John Dewolfe · License #FLBO
Source: Crexi
Added: Apr 6, 2023 Changed: Aug 16 Last Checked: Aug 23 at 8:08PM

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 Sterling Organization

Investment Insights

Based on property information with market context.

The retail property at 110 E. Pearson Street features 10,051 square feet of street-level space. It is located directly north of the historic Chicago Water Tower and a half block west of Michigan Avenue, placing it in the Magnificent Mile shopping district in Chicago’s Near North Side. This area attracts approximately 30 million visitors annually. The surrounding area within a 3-mile radius has an estimated population of 339,293 residents with an average household income exceeding $160,000.

Key Highlights

  • Prime location in the heart of Chicago's Magnificent Mile shopping district.
  • High foot traffic area with approximately 30 million annual visitors.
  • Substantial local population of approximately 339,293 within a 3‑mile radius.

Property Analytics

Current Use

SP+ Parking Parking Lot & Garage Mag Mile Self ... Parking Lot & Garage

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Auto Parts Store Tattoo & Piercing Shop Nursing Home

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

24,043
Businesses Nearby
576k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 62% Apparel 27% Hotels & Casinos 6% Shops & Services 6%
Nordstrom Apparel
136,729 visits/mo 0.5 miles
Starbucks Dining
132,317 visits/mo 0.3 miles
McDonald's Dining
65,567 visits/mo 0.4 miles
McDonald's Dining
52,443 visits/mo 0.1 miles
Fogo de Chao Dining
28,749 visits/mo 0.4 miles

Demographics for 60611, IL

38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.66 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,377 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 - Prime retail space in Chicago's Magnificent Mile district.
Where is this retail space located?
The property is located at 110 E Pearson Street Chicago, IL.
What are key features of this property?
This property features: Prime location in the heart of Chicago's Magnificent Mile shopping district.; High foot traffic area with approximately 30 million annual visitors.; Substantial local population of approximately 339,293 within a 3‑mile radius.
More about this property
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