Property profile

1221 Taylor St Chicago, IL 60607

OFF-MARKET
Retail properties & Spaces
100,000 SF Built 2024
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 100,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1221 Taylor St Chicago, IL 60607
Chicago metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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