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    1220 Lake St Chicago, IL 60607

    For Lease
    Contact for pricing

    12,394 SF Retail Space, Fulton Market

    Lot size:
    12,394 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 12,394-square-foot single-tenant retail space is located at 1220 West Lake Street in Chicago's vibrant Fulton Market submarket. Situated on a 0.29-acre lot, this property offers unparalleled flexibility for a wide range of uses, catering to office, retail, or industrial needs. The M2-3 zoning allows for diverse development options. The entire building is currently vacant, presenting a unique opportunity for a business to establish a significant presence in this highly sought-after area. The building's exterior is adaptable to rebranding, allowing for complete customization to reflect a tenant's specific identity. This prime location in the West Loop provides excellent visibility and accessibility, benefiting from the area's thriving commercial activity and strong pedestrian traffic. The property's address is 1220 W Lake St, Chicago, IL 60607. This is a chance to create a truly impactful space in one of Chicago's most dynamic neighborhoods. The property's size and zoning provide a blank canvas for a creative and successful business venture. The building's adaptability makes it an ideal choice for businesses seeking a unique and customizable space in a prime location. This is a rare opportunity to secure a substantial footprint in the heart of the Fulton Market district.

    Property Features for 1220 Lake St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,394 SF

    Unit(s) available at that property

    Space
    Size
    12,394 SF

    HighLights

    • 12,394 SF single‑tenant retail space at 1220 W Lake St, Chicago, IL 60607.
    • 0.29‑acre lot in Fulton Market's West Loop, offering high visibility and pedestrian traffic.
    • M2‑3 zoning allows for office, retail, or industrial use.
    • Currently vacant, allowing for complete customization and rebranding.
    • Prime location in a thriving commercial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.657642448904
    Latitude
    41.885518485826

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    FAQs

    What type of property is this?
    Retail property - 12,394 SF Retail Space, Fulton Market
    Where is this retail property located?
    The property is located at 1220 Lake St Chicago, IL.
    What are key features of this property?
    This property features: 12,394 SF single-tenant retail space at 1220 W Lake St, Chicago, IL 60607.; 0.29-acre lot in Fulton Market's West Loop, offering high visibility and pedestrian traffic.; M2-3 zoning allows for office, retail, or industrial use.
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    1220 Lake St Chicago, IL 60607
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    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
    1220 Lake St Chicago, IL 60607
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