Lake Park Plaza offers a prime retail opportunity in Chicago’s historic Kenwood neighborhood, adjacent to Hyde Park and minutes from the University of Chicago and its world-class medical center. This vibrant retail center benefits from direct access to Lake Shore Drive via 47th Street and proximity to Metra, ensuring strong connectivity for both commuters and local residents. The property serves a dense trade area of over 41,000 residents within a one-mile radius, boasting an average household income of $77,242 and annual spending exceeding $487,000.
The center features a dynamic tenant mix including Dunkin Donuts, Beggars Pizza, and JJ Fish & Chicken, creating a strong draw for daily traffic. With 2022 traffic counts on 47th Street at 16,100 AADT, visibility and accessibility are unmatched. The surrounding Kenwood community is known for its architectural charm, cultural heritage, and notable residents, while Hyde Park continues to thrive as a hub for education, healthcare, and innovation. Nearby landmarks such as the Obama Presidential Center and Lake Michigan shoreline further enhance the appeal of this location.
This is an ideal setting for retailers seeking a high-profile presence in a neighborhood that blends historic character with modern vibrancy. The property’s zoning (B3-3) supports a wide range of retail uses, making it a versatile choice for expanding brands.