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Commercial Space in Chicago, IL
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416 W Ontario Street, Chicago, IL 60610

COMMERCIAL - Chicago, IL

Space SizeContact for details
Days on Market128

Property Features for 416 W Ontario Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning OFFIC
Directions Take The I-94 E/I-90 E. Freeway, Take Exit 50B on the right onto N Orleans St, Turn left onto N. Orleans St, keep right at N. Orleans St. Turn left onto Ontario.
Subdivision CHI - Near North Side
Standard status Active

Utilities

Cooling system Central Air

Building Details

Year built 2003
Floors in Building 2
Listing Agency: Real People Realty
Listed By: Gary Alveranga · License #475178171
Added: Apr 6 Changed: Aug 4 Last Checked: Aug 11 at 5:06PM
MLS# 12607873

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located in Chicago, Illinois, this commercial space is available for rent. The property is zoned OFF1C and is suitable for commercial real estate purposes, including office properties and spaces. The property is located at 416 W Ontario Street, unit C-2, in the 60610 postal code area of Cook County.

Key Highlights

  • Central air conditioning for year‑round comfort.
  • Built in 2003.

Property Analytics

Current Use

Kaleidoscope Group Business Management Consultant Hutch American Cafe ... Specialty Food Shop Boca Loca Cantina ... Restaurant KaleidoServe Child Welfare Organization

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Buffet Pet Grooming Service Adult Day Care Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

28,625
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60610, IL

43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.18 /SF/Yr
Avg Asking Price
$5.5–$133 /SF/Yr
Price Range
23,012 SF
Avg Space Size

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office space - Commercial space available for rent in Chicago, Illinois.
Where is this office space located?
The property is located at 416 W Ontario Street Chicago, IL.
What are key features of this property?
This property features: Central air conditioning for year‑round comfort.; Built in 2003.
More about this property
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