Prime Retail & Office Spaces for Lease in Hyde Park | 5228 S Blackstone Ave, Chicago

5228 S Blackstone Ave,, Chicago Illinois, 60615

Listing ID: CL-Illinois-28386 Commercial Mixed Use Retail
Published on: Tuesday, September 1, 2026 | Updated on: Friday, November 13, 2026

Listing Summary

Discover rare retail and office leasing opportunities along the vibrant 53rd Street corridor at 5228 S. Blackstone Avenue in Chicago's dynamic Hyde Park. Offering up to 5,142 RSF of total flexible space (divisible from 1,004 SF to 2,120 SF), these highly visible commercial suites sit directly next to Citibank and steps from the University of Chicago. Ideal for medical practices, wellness studios, professional services, or boutique retail.

Full Description

Position your business in the beating heart of Downtown Hyde Park with flexible commercial opportunities at 5228 S. Blackstone Avenue. Located directly off the bustling 53rd Street retail corridor and adjacent to Citibank's new branch, this property places your enterprise amidst high pedestrian foot traffic, premier national brands (like Whole Foods and Harper Court), and a dense campus community anchored by the University of Chicago.

Available Commercial Suites

The property features three distinct, adaptable spaces tailored for diverse operational needs:

  • Former Dental Office ($\pm 2,120\text{ SF}$ - First Floor): Fully equipped with six private treatment rooms, an X-ray room, a professional reception area, a break room, and upgraded plumbing and electrical infrastructure. Perfect for dental practices, medical clinics, or wellness spas.

  • Former State Farm Agency ($\pm 1,004\text{ SF}$ - First Floor): A clean, open-layout storefront offering high visibility and excellent street exposure, ideal for financial services, insurance agencies, boutique retail, or customer-facing professional offices.

  • Former Speech Therapy Office ($\pm 2,018\text{ SF}$ - Lower Level): A built-out lower-level environment well-suited for counseling centers, therapy offices, creative studios, coworking operators, or administrative support spaces.

Whether leased individually to match your exact footprint or combined for a larger custom layout, 5228 S. Blackstone Avenue delivers the infrastructure, location, and visibility required for modern business success in Chicago.

Quick Glance

  • Listing ID: CL-Illinois-28386
  • Status: Active
  • Year Build: 1965
  • Building Size: 34,800 SqFt
  • Lot Size: 5,142.00 SqFt

Property Documents

No documents available.

Additional Contacts

Multifamily Advisor
Travis Montgomery
(312) 216-2422

Complete Details

  • Year Build: 1965
  • Building Size: 34,800 SqFt
  • Total Lot Area: 5,142.00 SqFt
  • No of Parking: 2
  • No of Total Units: 3
  • Heating and Cooling: Not Specified
  • Building Class: Class B

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for." and make it bit bigger and visible

Company Name Lender Type Contact Name Contact Number
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Pricing Details

  • Acquisition Option Traditional Purchase
  • Rent $15.50 / Yearly
  • Move-in Cost $0.00
  • Lease Terms $15.50 - $45/SF/YR Lease Type NNN, Modified Gross
  • Available From Sep 01, 2026
  • Business Included No

Additional Features

Other Uses
  • medical, professional office, or boutique retail uses
Highlights
  • Prime Hyde Park Corridor: Situated right off 53rd Street with heavy pedestrian foot traffic and robust local demographics.
  • Unmatched Proximity: Steps from the University of Chicago, Harper Court, Whole Foods, and major neighborhood retail anchors.
  • Flexible Sizing Options: Individual spaces ranging from $\pm 1,004\text{ SF}$ to $\pm 2,120\text{ SF}$, with potential to combine up to $\pm 5,142\text{ SF}$.
  • Turnkey Healthcare/Office Infrastructure: Pre-built configurations including dental treatment rooms and professional reception layouts.
  • Strong Street Visibility: Excellent storefront exposure and signage opportunities along a major commercial artery.
Features
  • Total Available Space: Up to $\pm 5,142\text{ RSF}$ (Divisible into 3 distinct units)
  • Property Type: Retail / Medical Office / Professional Office / Service Space
  • Suite Breakdown:
  • Unit 1: $\pm 2,120\text{ RSF}$ (First Floor - Former Dental Office)
  • Unit 2: $\pm 1,004\text{ RSF}$ (First Floor - Former Insurance/Retail Office)
  • Unit 3: $\pm 2,018\text{ RSF}$ (Lower Level - Former Therapy/Studio Space)
  • Surrounding Neighbors: Citibank, Whole Foods Market, Harper Court, and University of Chicago campus
  • Accessibility: Highly accessible via local transit networks, major thoroughfares, and pedestrian pathways in Chicago's historic Hyde Park neighborhood
  • Unit 1
  • Rate (Per SqFt/YR) $45/SF/YR
  • Lease Type Modified Gross
  • Rentable SqFt 1004
  • Unit 2
  • Rate (Per SqFt/YR) $15.50/SF/YR
  • Lease Type Modified Gross
  • Rentable SqFt 2018
  • Unit 3
  • Rate (Per SqFt/YR) $40/SF/YR
  • Lease Type NNN
  • Rentable SqFt 2120

Listing Location

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