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    225 Canal St Chicago, IL 60606

    For Lease
    $30 SF/Yr

    Chicago Union Station: Prime Retail

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,000 square foot retail space is located within the iconic Chicago Union Station, a landmark building in the heart of the city's West Loop neighborhood. Situated at 225 S Canal St, Chicago, IL 60606, this single-tenant property boasts a prime location directly across from Amtrak's first-class lounge, ensuring high visibility and foot traffic. The space is zoned for Railroad Station use and offers 200 AMP power. Union Station serves as a major transportation hub, connecting Amtrak, Metra commuter lines, CTA buses and 'L' lines, Pace, and Greyhound, providing unparalleled access to a diverse and substantial customer base. The property is conveniently located between West Adams Street and West Jackson Boulevard, adjacent to the Chicago Loop, offering easy access to the city's central business district. This presents a unique opportunity to establish a thriving business within a historic and highly trafficked location. Property taxes are $0 per square foot. There are no parking spaces included with this lease. This is a single-tenant space.

    Property Features for 225 Canal St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF

    Unit(s) available at that property

    Space
    Size
    3,000 SF
    Rate per SF
    $30

    HighLights

    • 3,000 SF retail space in Chicago's iconic Union Station, located at 225 S Canal St, Chicago, IL 60606.
    • Prime location directly across from Amtrak's first‑class lounge, offering high visibility and foot traffic.
    • Zoned for Railroad Station use with 200 AMP power.
    • Exceptional access to diverse customer base via Amtrak, Metra, CTA, Pace, and Greyhound.
    • Located between West Adams Street and West Jackson Boulevard, adjacent to the Chicago Loop.
    • $0 property taxes per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Budget Car Rental Car Rental Agency Jamba Juice Shop Amtrak Metropolitan Lounge Travel Lounge Bank of America ATM Atm MobileQubes Phone Charging Cell Phone Charging Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6405791
    Latitude
    41.8786125

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    FAQs

    What type of property is this?
    Retail property - Chicago Union Station: Prime Retail
    Where is this retail property located?
    The property is located at 225 Canal St Chicago, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 3,000 SF retail space in Chicago's iconic Union Station, located at 225 S Canal St, Chicago, IL 60606.; Prime location directly across from Amtrak's first-class lounge, offering high visibility and foot traffic.; Zoned for Railroad Station use with 200 AMP power.
    Request Owner's contact information
    225 Canal St Chicago, IL 60606
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    Chicago, IL 60606
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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
    225 Canal St Chicago, IL 60606
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