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    1221 Taylor St Chicago, IL 60607

    For Lease
    $38 SF/Yr

    Little Italy Corner Store, Divisible Space

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity presents a rarely available corner storefront in Chicago's vibrant Little Italy neighborhood. Located at 1221 W Taylor St, this new construction space offers 2,500 to 5,000 square feet of divisible space within a 100,000 square foot, six-story building completed in 2024. The property boasts dramatic 15+ foot ceiling heights and excellent street frontage on Taylor Street, maximizing visibility and exposure. This prime location benefits from its proximity to both the Illinois Medical District (IMD), with an estimated daily traffic of 80,000 people (30,000 employees and 50,000 patients, students, and visitors), and the University of Illinois at Chicago (UIC) campus, home to approximately 33,000 students and over 6,000 employees. The building is part of a larger development project, adding over 2,000 residential units and approximately 45,000 square feet of retail space to the area. The site sits on a 33,404 square foot lot and is conveniently served by the CTA Blue and Pink "L" lines and the 157 bus route. An adjacent 5,000 square foot space is occupied by Fresh Stop Produce & Deli, providing an excellent co-tenancy opportunity. The property's zoning is PD 896, Cook County APN 17-17-334-006-0000, and is situated in the UIC/Little Italy/University Village submarket, offering unparalleled access to a large and diverse customer base. The building features one building with a total of 67 residential units.

    Property Features for 1221 Taylor St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF
    Total Rate
    316666.67

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    5,000 SF
    Rate per SF
    $38

    HighLights

    • Rare corner retail space in Little Italy, Chicago.
    • 5,000 SF (divisible to 2,500 SF) available with 15'+ ceilings and Taylor Street frontage.
    • Located in a new 67‑unit apartment building developed by Related Midwest.
    • Excellent co‑tenancy with Fresh Stop Produce & Deli.
    • Strong location between the Illinois Medical District (IMD) and UIC, with high daily foot traffic.
    • Convenient access to CTA Blue, Pink, and Green Lines, and bus route 157.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.656789583238
    Latitude
    41.869458428767

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    FAQs

    What type of property is this?
    Restaurant - Little Italy Corner Store, Divisible Space
    Where is this restaurant located?
    The property is located at 1221 Taylor St Chicago, IL.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: Rare corner retail space in Little Italy, Chicago.; 5,000 SF (divisible to 2,500 SF) available with 15'+ ceilings and Taylor Street frontage.; Located in a new 67-unit apartment building developed by Related Midwest.
    Request Owner's contact information
    1221 Taylor St Chicago, IL 60607
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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
    1221 Taylor St Chicago, IL 60607
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