Building Details

Year Built 1954

Stories 1

Listing Agency: Olsick Realty, Inc. t***@gmail.com Show Phone

Listed By: Timothy Olsick · License #471013075 Show Phone

Source: Cavanaghrealty

Added: Jun 15 Changed: Aug 11 Last Checked: Aug 12 at 12:30PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Olsick Realty, Inc.

Investment Insights

Based on property information with market context.

Office units are available for rent at 10853 S Western Avenue in Chicago. The property was built in 1954 and provides a commercial location along Western Avenue for business occupancy.

Key Highlights

• Office units available for rent
• Located at 10853 S Western Avenue, Chicago, IL 60643
• Built in 1954

Property Analytics

Property Profile

Current Use

Toria's Gallery Tattoo & Piercing Shop

Suggested Use

Top Pick HVAC Service Bakery (Bike/Boat/Book/etc) Store Building Supply Carpet & Flooring Store Kitchen & Bath Showroom

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

Yes

Paved road access

NNN (Triple Net)

Lease Type

$4.19 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

922

Businesses Nearby

Explore this area Business Placement

Demographics for 60643, IL

47,831

Population

19,541

Households

2.4

Avg Household Size

44

Median Age

39%

College-Educated

93%

High-School Grad

7.4 sq mi

ZIP Area

6,464

Density / Sq Mi

$83,015

Median Household Income

$53,155

Median Earnings

$1,359

Median Rent

$233,900

Median Home Value

Market

Lease Benchmarks for Chicago, IL

$28.32 /SF/Yr

Avg Asking Price

$5.5–$133 /SF/Yr

Price Range

14,737 SF

Avg Space Size

This space is priced 1% below the average of $28.32 /SF/Yr.

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

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Frequently Asked Questions

What type of property is this?

Office units - Business space along Western Avenue, available for rent in Chicago.

Where is this office units located?

The property is located at 10853 S Western Avenue Chicago, IL.

What is the lease rate?

The lease rate is $27.90 SF/Yr.

What are key features of this property?

This property features: Office units available for rent; Located at 10853 S Western Avenue, Chicago, IL 60643; Built in 1954