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223 W Lake St

4,316 SF Retail Building Chicago, IL 60606 $850,000 ($197/SF)

Investment Highlights

  • Prime 223 W Lake St location.
  • Ideal for retail/street retail investment.
  • Ample space for retail displays.
  • Spacious 4,316 SF building.
  • High visibility for foot traffic.
  • Attractive storefront for customer appeal.

Executive Summary

Discover the exceptional investment potential of 223 W. Lake Street, a premier first-floor commercial space situated in the bustling downtown Loop. Offering 4,316 square feet of flexible space within an early 1980s mixed-use property, this location is a blank canvas ready to transform into an inspiring creative office or a dynamic retail showroom. Boasting a highly sought-after Lake Street address, this property is surrounded by the vibrant energy of Chicago's central business district, with unparalleled foot traffic and proximity to transportation hubs. The expansive floor plan provides the versatility to cater to various business needs, from modern collaborative workspaces to captivating retail environments that draw customers in. Whether you're a business owner seeking a strategic location, a real estate investor aiming to maximize returns, or an asset manager looking to diversify into Chicago's thriving market, 223 W. Lake Street presents an unmatched opportunity to establish a presence in one of the city's most dynamic corridors. Seize this chance to secure a property that blends prime location, adaptability, and growth potential—all in the heart of Chicago.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,316 SF
Building Class
C
Year Built
1985
Price
$850,000
Price Per SF
$197
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
1.00
Lot Size
0.10 AC
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Corner Bakery Cafe
Starbucks
Equinox
U.S. Bank
Noodles & Company
Fifth Third Bank
La Bamba
Bank of America
Huntington National Bank
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-09-430-003-0000
Land Assessment
$762,510
Improvements Assessment
$89,985
Total Assessment
$852,495
  • Listing ID: 34215467

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 223 W Lake St, Chicago, IL 60606

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