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    110 Pearson St Chicago, IL 60611

    For Lease
    Contact for pricing

    Prime Chicago location, 9,389 SF available.

    Lot size:
    9,389 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail space at 110 E. Pearson Street presents a unique investment opportunity in the heart of Chicago's Magnificent Mile. Located directly north of the historic Chicago Water Tower and a half block west of Michigan Avenue, this 9,389 square foot property boasts an unparalleled location within a world-renowned shopping district. The property offers multiple tenancy options, with spaces ranging from a minimum of 1,822 square feet to a maximum contiguous space of 7,567 square feet. Currently, the entire 9,389 square feet is vacant, providing a blank canvas for a discerning tenant or investor. The property benefits from exceptional foot traffic, given its proximity to Michigan Avenue, a destination attracting approximately 30 million visitors annually. Furthermore, the surrounding area boasts a strong demographic profile, with approximately 339,293 residents within a 3-mile radius enjoying an average household income exceeding $160,000. This prime location offers unparalleled visibility and access to a high-density population of affluent consumers, making it an ideal space for a variety of retail businesses. The property's street-level presence ensures maximum exposure and accessibility for customers. This is a rare opportunity to secure a significant retail presence in one of Chicago's most coveted commercial districts. Contact us today to learn more about this exceptional property.

    Property Features for 110 Pearson St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,389 SF

    Unit(s) available at that property

    Space
    1 st Floor
    Size
    7,567 SF
    Space
    2nd Floor
    Size
    1,822 SF

    HighLights

    • 9,389 total square feet of retail space available.
    • Multiple tenancies available, with spaces ranging from 1,822 to 7,567 contiguous square feet.
    • Entire 9,389 square feet is currently vacant.
    • Located on E. Pearson Street in Chicago's Magnificent Mile, near Michigan Avenue and the Chicago Water Tower.
    • Cook County location.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6251665
    Latitude
    41.8977928

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    FAQs

    What type of property is this?
    Retail property - Prime Chicago location, 9,389 SF available.
    Where is this retail property located?
    The property is located at 110 Pearson St Chicago, IL.
    What are key features of this property?
    This property features: 9,389 total square feet of retail space available.; Multiple tenancies available, with spaces ranging from 1,822 to 7,567 contiguous square feet.; Entire 9,389 square feet is currently vacant.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 Pearson St Chicago, IL 60611
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