Building Details

Tenancy Single

Listing Agency: Compass Show Phone

Listed By: Jeanne Keating · License #475133441 Show Phone

Source: Exprealty

Added: Aug 28 Changed: Sep 4 Last Checked: Sep 5 at 12:18PM

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Investment Insights

Based on property information with market context.

This street-level commercial condominium is configured for spa and wellness use, with an existing nail salon build-out in approximately 1, 000 SF. Floor-to-ceiling storefront windows bring the space directly to the sidewalk, while hardwood and tile flooring, updated lighting fixtures, and fresh paint create a finished interior. The property also includes a new hot water heater, separate gas and electric service, washer/dryer hookup, and additional storage.

Located on W Chicago Ave in Chicago’s River North area, the condominium places a service-oriented commercial space within a neighborhood described as having beauty, wellness, restaurant, and professional businesses. The existing layout and improvements provide a practical starting point for continued salon use or another compatible spa, wellness, retail, or professional service operation.

Key Highlights

• Approximately 1, 000 SF commercial condominium
• Existing nail salon and spa build‑out
• Floor‑to‑ceiling storefront windows at street level

Property Analytics

Current Use

Spa & wellness properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Tattoo & Piercing Shop Auto Parts Store Nursing Home

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

Single-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

24,043

Businesses Nearby

576k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

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 60654, IL

23,890

Population

17,960

Households

1.3

Avg Household Size

34

Median Age

92%

College-Educated

99%

High-School Grad

0.5 sq mi

ZIP Area

47,780

Density / Sq Mi

$144,831

Median Household Income

$106,856

Median Earnings

$2,571

Median Rent

$495,900

Median Home Value

Market

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this spa & wellness properties located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Spa & wellness property - Existing salon build-out with upgraded finishes, separate utilities, storage, and street-facing storefront windows.

Where is this spa & wellness property located?

The property is located at A-353 W Chicago Ave Chicago, IL.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Approximately 1, 000 SF commercial condominium; Existing nail salon and spa build‑out; Floor‑to‑ceiling storefront windows at street level