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Office Loft with Open Layout
For Sale
$575,000

566 W Lake Street, Chicago, IL 60661

COMMERCIAL - Chicago, IL

Property Size4,593 SF
Lot Size0.11 Acres
Price / SF$125.19
Days on Market153

Property Features for 566 W Lake Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning OFFIC
Directions Northeast corner of Lake and Jefferson
Subdivision CHI - Near West Side
Standard status Active
APN 17093150290000
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 40000

Utilities

Cooling system Window Unit(s)

Building Details

Year built 1920
Flooring type Carpet, Concrete, Tile
Listing Agency: Ascot Realty Group, Inc.
Listed By: Denis Ascot · License #471020943
Added: Feb 28 Changed: Jul 30 Last Checked: Jul 31 at 12:06AM
MLS# 12580166

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.

This office loft totals approximately 4,593 square feet and features a classic timber loft build-out with an open layout. The space includes two private conference rooms, a kitchenette, a server room, two storage areas, and bathrooms.

The property is located in the Fulton River District, within blocks of Fulton Market. It is immediately adjacent to the Green Line Clinton Stop and about a five-minute walk to Ogilvie Train Station.

Zoning is listed as OFFIC.

Key Highlights

  • 4593 SF Fulton River District space with DX‑7 zoning
  • Classic timber loft with open layout
  • Includes two private conference rooms plus kitchenette

Property Analytics

Current Use

Arbor Lodging Partners Corporate Office Encircle Wellness Physician Law Offices of Aaron ... Law Firm Merritt Legal Records Financial Advisor Ascot Realty Group ... Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Clothing & Fashion Store Adult Day Care Restaurant Nursing Home

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

Location Intelligence

Trade Area within ½ mile

25,147
Businesses Nearby

Demographics for 60661, IL

11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
Median Home Value

Market

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 building - Office loft with open layout, two private conference rooms, kitchenette, server room, storage, and bathrooms.
Where is this office building located?
The property is located at 566 W Lake Street Chicago, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 4593 SF Fulton River District space with DX‑7 zoning; Classic timber loft with open layout; Includes two private conference rooms plus kitchenette
More about this property
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