River North Versatile Space For
For Lease
$35 SF/Yr
16 W Ontario Street, Chicago, IL 60654
Multi-room space in River North suitable for various businesses.
Space SizeContact for details
Days on Market505
Property Features for 16 W Ontario Street
General Information
Standard status
Active
Building Details
Year Built
1900
Listing Agency:
@PROPERTIES COMMERCIAL
(312) 506-0200
Listed By:
IAN FEINERMAN · License #475124617
Source:
Corcoran
Added: Apr 5, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 @PROPERTIES COMMERCIAL
Investment Insights
Based on property information with market context.
This multi-room, high-ceiling space is located on the second floor along Ontario Street in the heart of River North. It is suitable for use as an office, salon, med spa, retail space, or gallery. Situated between State and Dearborn, the location provides easy access to both the Kennedy Expressway and Lake Shore Drive. Hotels, restaurants, shops, and Michigan Avenue are within steps of the space. Multiple display windows face south, providing natural light.
Key Highlights
- Prime River North location on Ontario Street, near Michigan Ave, hotels, restaurants, and shops.
- Versatile space suitable for office, salon, med spa, retail, or gallery.
- High ceilings and multiple rooms.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
32,702
Businesses Nearby
Explore this area
Business Placement
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$29.31 /SF/Yr
Avg Asking Price
$6.8–$133 /SF/Yr
Price Range
13,714 SF
Avg Space Size
This space is priced 19% above the average of $29.31 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Multi-room space in River North suitable for various businesses.
Where is this office units located?
The property is located at 16 W Ontario Street Chicago, IL.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Prime River North location on Ontario Street, near Michigan Ave, hotels, restaurants, and shops.; Versatile space suitable for office, salon, med spa, retail, or gallery.; High ceilings and multiple rooms.
