Corner Location at Signalized Intersection

1856 W Chicago Ave Chicago, IL 60622

1856 W Chicago Ave , Chicago, IL, 60622
1856 W Chicago Ave , Chicago, IL, 60622 1856 W Chicago Ave , Chicago, IL, 60622 1856 W Chicago Ave , Chicago, IL, 60622
FOR LEASE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Jan 16, 2025

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Highlights

  • Corner building location at a signalized intersection on Chicago Ave (Inline Space)
  • One of the most desirable locations in West Town’s main retail corridor
  • Space located on the ground floor of a fully redeveloped property
  • 2nd generation space with existing mechanicals, bathrooms, & HVAC
  • Space has 13+ foot ceilings
  • This property is owned by an Illinois Real estate broker

Description

Highly desirable retail space available in West Town. Located on the ground floor of a fully redeveloped property and sits at a signalized intersection on Chicago Ave. The space includes large windows and 13+ ft ceilings. This property is owned by an Illinois Real estate broker.

The West Town area of Chicago is bordered by Wicker Park, East Village, Noble Square, and Ukrainian Village. Originally occupied by Ukrainian immigrants in the early 1900s this neighborhood has long been a stable community and has flourished in recent years. Tree-lined streets; strong housing stock and its proximity to Chicago’s downtown have made this neighborhood a favorite choice for Chicago’s residents. Online real estate website Redfin.com even named Ukrainian village the hottest neighborhood in the nation in 2016.
The West Town Retail Corridor located on Chicago Avenue is the main retail corridor in the neighborhood. Many retail stores restaurants and service retail businesses operate on Chicago Avenue which contributes to the neighborhood's desirability and charm.
Chicago Avenue is proving itself to be a dining destination with one restaurant Vajra added to the 2021 Michelin Bib Gourmand list and newcomer Porto receiving one Michelin Star.

Building Size: 16000sq ft
Lot Size: 0.14 acres


Documents

SVN - Brochure (L)

Units for Lease

Retail For Lease
Space Available: 2024 SF
Lease Type: NNN

Price Per Sqft/Year: $28.00

Map of 1856 W Chicago Ave , Chicago, IL, 60622

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.