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    8502-1 S Stony Island Ave Chicago, IL 60617

    For Lease
    $30 SF/Yr

    Office - Chicago, IL

    Type:Office
    Days on Market:
    108
    Last Refresh:
    Dec 14 at 10:06 pm

    Property Features for 8502-1 S Stony Island Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active

    Building Details

    Year built
    1927
    Architectural style
    Other

    Realty One Group-Heartland (708) 678-1000 [email protected]

    Listing agent Shiree Booker (708) 678-1000 License #475148177

    Listing date Aug 29, 2025

    MLS# 11796135 Listing URL

    Copyright © 2025 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.

    Overview

    Chicago Office Space For Lease

    This office space is available for lease in the Avalon Park neighborhood of Chicago, Illinois. The property is suitable for an insurance company, tax office, or non-profit organization. The space has been recently updated and is located in a high-traffic area.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.585799
    Latitude
    41.740466

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    FAQs

    What type of property is this?
    Office space - Office space for lease in a high-traffic Chicago area.
    Where is this office space located?
    The property is located at 8502-1 S Stony Island Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Ideal for insurance, tax, or non-profit organizations.; - Located in a high-traffic area.; - Recently updated office space.
    (708) 678-1000
    Request Owner's contact information
    8502-1 S Stony Island Ave Chicago, IL 60617
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8502-1 S Stony Island Ave Chicago, IL 60617
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