223 Lake St Chicago, IL 60606

This exceptional 4,316 square foot vacant storefront, built in 2016, presents a compelling value-add opportunity in Chicago's vibrant Loop. Located at 223 W Lake St, this ground-level retail space sits beneath a luxury apartment building, offering immediate access to a dense population and high-traffic area. The property boasts a 0.1-acre lot and benefits from its proximity to major transportation hubs, including the Clark/Lake Blue Line CTA station (2.5 million passengers in 2023), Ogilvie Transportation Center (over 12 million passengers in 2023), and Interstate 90 (240,400 vehicles daily) and Interstate 290 (189,800 vehicles daily). The surrounding area is a retail powerhouse, featuring high-end brands like Neiman Marcus, Prada, and Louis Vuitton, and is also home to numerous acclaimed restaurants. This location is a walker's and rider's paradise, with a Walk Score of 99 and a Transit Score of 100. The area's demographics are exceptionally strong, with an average household income within 0.5 miles of $180,299, a population of nearly 250,000 within two miles, and a robust workforce of 226,000 within half a mile. Furthermore, the property's proximity to the new Google Headquarters (projected 2,000+ employees by 2026) ensures continued growth and high demand. Abundant public parking and EV charging stations are also readily available. This property offers an unparalleled chance to capitalize on a prime location and thriving market. The Cook County APN is 17-09-430-003-0000.