407 Peoria St Chicago, IL 60607-3511

Property Details for 407 Peoria St

Year built

1947

Lot size

0.13 lot acres

Property size

3,100 SF

Property type

Retail space

APN

17-17-237-002

APU

1717237002

Description

This exceptional 6,000-square-foot freestanding building presents a unique opportunity for lease in Chicago's vibrant West Loop submarket. Ideally situated on South Peoria Street, near the intersection of Van Buren, this single-tenant property boasts a highly desirable location, offering unparalleled access to the UIC-Halsted Blue Line station and the UIC campus via adjacent pedway access. The building's strategic placement within a dense urban retail and mixed-use area ensures high visibility and foot traffic. The space itself features a flexible layout, previously used as flex/retail space, perfect for a variety of businesses. High ceilings, reaching 12.5 feet to the truss, provide ample vertical space. The property includes 400 AMP 3-phase power, making it suitable for businesses with significant energy demands. The building is zoned DS-3 in Cook County and benefits from an average daily transit ridership of 6,049 at the nearby UIC-Halsted station, providing convenient access for employees and customers. An overhead garage adds further convenience. Property taxes are $5.43 per square foot. This is an exceptional opportunity to establish a presence in a thriving, high-traffic area with excellent transit access and proximity to a major university campus. The property's versatility and prime location make it an ideal investment for businesses seeking a strategic foothold in the West Loop.