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    348 N Ashland Ave Chicago, IL 60607

    For Lease
    $14 SF/Yr

    Loft office space in Kinzie Corridor with exposed features.

    Property Features for 348 N Ashland Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1910

    Source: STRAUSS REALTY LTD Agent DAVID KAPLAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kinzie Corridor Loft Office Space

    Available for lease are timber loft office units situated in a 2-story loft building within the Kinzie Corridor. The units feature full air conditioning and gas heating. Select spaces are equipped with a kitchenette and/or an interior bathroom. Architectural details include 12-foot sandblasted ceilings, exposed brick walls, and wood or resin floors. The property offers access to a drive-in door and street parking. Commuting is facilitated by its proximity to CTA trains, located just 2 blocks from the 'EL', and convenient access to I90/94, I290, Metra, and downtown Chicago. The building provides 24/7 secure entry. Four units are currently available: Suite 1D (2,473 SF), Suite 2B (2,200 SF), Suite 2C (2,495 SF), and Suite 2D (3,150 SF). Rents start at $13.50 PSF and up.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Out-U-Go! Pet Care ... Dog Walker Umbrella Disinfecting Services Beach Cleaning Service InsulaTec Insulation Contractor Chicago Copier Services Copier Repair Service Mag Fitness Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6675324
    Latitude
    41.8880932

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    FAQs

    What type of property is this?
    Office space - Loft office space in Kinzie Corridor with exposed features.
    Where is this office space located?
    The property is located at 348 N Ashland Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Lower rent compared to nearby Fulton Market.; - Variety of unit sizes available (2,200 SF - 3,150 SF).; - **Excellent transportation access**: walk to CTA 'EL', easy access to I90/94, I290, Metra, downtown Chicago.
    (773) 736-3600
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    Chicago, IL 60607
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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
    348 N Ashland Ave Chicago, IL 60607
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