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Prime Retail/Restaurant Space Available
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50 E Chicago Ave, Chicago, IL 60611

Retail or restaurant spaces in high-traffic Chicago location.

Space Size1,462 SF - 2,040 SF
Property Size68,170 SF
Days on Market1513

Property Features for 50 E Chicago Ave

General Information

Standard status Active
Size 1,462 SF - 2,040 SF
Class B
Property subtype Retail, Restaurant

Building Details

Building Size 68,170 SF
Year Built 1891
Tenancy Multiple

Spaces For Lease

at 50 E Chicago Ave Contact us

Space A

Size
2,040 SF
Type
Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us

Space B

Size
1,462 SF
Type
Restaurant, Retail
Availability
Active
Contact us

Space C

Size
1,472 SF
Type
Restaurant, Retail
Availability
Active
Contact us
Listing Agency: Savills Chicago
Listed By: Phillip Golding · License #IL
Source: Crexi
Added: Jul 18, 2022 Changed: Aug 31 Last Checked: Sep 7 at 9:27AM

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 Savills Chicago

Investment Insights

Based on property information with market context.

Located at the junction of River North, the Gold Coast, and North Michigan Avenue, 50 East Chicago offers retail or restaurant opportunities. This location benefits from significant foot traffic seven days a week, drawing from workers, shoppers, residents, and tourists. The spaces are near Northwestern Hospital and Loyola University, and also in close proximity to the CTA Red Line.

Key Highlights

  • Prime location at the junction of River North, Gold Coast, and North Michigan Avenue.
  • High foot traffic seven days a week from diverse groups.
  • Close proximity to Northwestern Hospital and Loyola University.

Property Analytics

Current Use

MyEyeDr. Eye Care Center Lisanne Close Rogers Ophthalmologist Keycafe Shopping Center & Mall Streeter's Tavern Bar & Pub

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Tattoo & Piercing Shop Nursing Home Pet Grooming Service

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

$26.1 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
8,322 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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail or restaurant spaces in high-traffic Chicago location.
Where is this retail space located?
The property is located at 50 E Chicago Ave Chicago, IL.
What are key features of this property?
This property features: Prime location at the junction of River North, Gold Coast, and North Michigan Avenue.; High foot traffic seven days a week from diverse groups.; Close proximity to Northwestern Hospital and Loyola University.
More about this property
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