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    4348 W Lake St, Unit 2NDFLOOR Chicago, IL 60624

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    For Lease
    $10 SF/Yr

    Newly renovated creative spaces for lease with ample parking.

    Property Features for 4348 W Lake St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2020

    Source: STRAUSS REALTY LTD Agent ADAM SCHNEIDERMAN

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

    Overview

    Renovated Loft/Creative Spaces Available

    Newly renovated loft and creative spaces are available for rent on the second floor of the Sloan Valve Work Shop Lofts building. Unit B offers 2613 square feet, and Unit 203 provides 4737 square feet; the total space is divisible. The building underwent a complete renovation in 2020, featuring new skylights, common area washrooms, conference rooms, kitchens, break rooms, and an outdoor courtyard. Parking is available for over 100 cars in a newly paved, fenced, and gated lot. The property includes one dock and two freight elevators. Ceiling heights range from 12 to 14 feet. The electrical capacity is 3,200 amps at 480 volts with 3-phase power. Zoned PMD9, the location is 0.5 miles from the Cicero and Pulaski Green Line stations and 1.5 miles from I-290. The property is offered for lease As Is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MikSpaces Chicago Portrait Studio Dylan Martin Furniture Furniture Maker Chicago Cannabis Co. Manufacturer Connect Event Services Event Management Company Space Haus Architecture Firm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.7350965
    Latitude
    41.8861917

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    FAQs

    What type of property is this?
    Creative space - Newly renovated creative spaces for lease with ample parking.
    Where is this creative space located?
    The property is located at 4348 W Lake St, Unit 2NDFLOOR Chicago, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Newly renovated loft/creative spaces in a fully renovated building (2020).; - Divisible space: Unit B (2613 RSF) and Unit 203 (4737 RSF) available.; - Ample parking: **100+ car parking** (newly paved, fenced, and gated).
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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
    4348 W Lake St, Unit 2NDFLOOR Chicago, IL 60624
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