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Division Street Commercial Space Available
For Lease
$8 SF/Yr

2423 W Division Street #2, Chicago, IL 60622

Second-floor commercial space on Division St with high foot traffic.

Space SizeContact for details
Days on Market647

Property Features for 2423 W Division Street #2

General Information

Standard status Active
Property subtype Commercial

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1985
Listing Agency: FULTON GRACE REALTY
Listed By: MATTHEW JOHNSTON · License #475199716
Source: Corcoran
Added: Nov 5, 2024 Changed: Aug 8 Last Checked: Aug 8 at 12:04PM

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 FULTON GRACE REALTY

Investment Insights

Based on property information with market context.

This second-floor commercial space is situated on Chicago's busy Division Street and is zoned B1-1. The location benefits from a high volume of foot traffic and convenient access to public transportation. The property is suitable for office or retail use.

Key Highlights

  • Prime location on Chicago's bustling Division St.
  • High foot traffic area.
  • Zoned B1‑1 for commercial use.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Locksmith Butcher Pet Grooming Service Catering Service

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

NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,368
Businesses Nearby

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
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 72% 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Second-floor commercial space on Division St with high foot traffic.
Where is this office units located?
The property is located at 2423 W Division Street #2 Chicago, IL.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Prime location on Chicago's bustling Division St.; High foot traffic area.; Zoned B1‑1 for commercial use.
More about this property
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