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Timber Loft Ready for Occupancy
For Lease
$14 SF/Yr

1529 W Armitage Avenue, Chicago, IL 60642

Move-in ready timber loft near Lincoln Yards development.

Space SizeContact for details
Days on Market865

Property Features for 1529 W Armitage Avenue

General Information

Standard status Active

Building Details

Year Built 1890
Listing Agency: STRAUSS REALTY LTD
Listed By: PATRICK DUFFY · License #475140988
Source: Corcoran
Added: Apr 23, 2024 Changed: Mar 16 Last Checked: Mar 16 at 9:08AM

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 STRAUSS REALTY LTD

Investment Insights

Based on property information with market context.

This timber loft is move-in ready and features high ceilings, exposed brick, abundant natural light, sandblasted timber beams, and hardwood floors. It includes new HVAC, windows, and a kitchenette. The property is suitable for creative office space, light assembly, retail, and storage. The location is near the new Lincoln Yards development, one block from the Clybourn Metra stop, and close to the Armitage exit from the Kennedy Expressway.

Key Highlights

  • Move‑in ready timber loft in a great location next to the new Lincoln Yards development.
  • One block to Clybourn Metra stop and convenient access to the Kennedy Expressway (Armitage exit).
  • High ceilings, exposed brick, sandblasted timber beams, and hardwood floors.

Property Analytics

Current Use

McCathay Timber, Inc. Distribution Center Love Emme (Bike/Boat/Book/etc) Store Interior Drama Home ... Interior Design Midan Marketing Advertising Agency

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop HVAC Service Garden Center

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,377
Businesses Nearby

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$37.8 /SF/Yr
Avg Asking Price
$8–$96 /SF/Yr
Price Range
5,632 SF
Avg Space Size

This space is priced 63% below the average of $37.8 /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?
Creative space - Move-in ready timber loft near Lincoln Yards development.
Where is this creative space located?
The property is located at 1529 W Armitage Avenue Chicago, IL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Move‑in ready timber loft in a great location next to the new Lincoln Yards development.; One block to Clybourn Metra stop and convenient access to the Kennedy Expressway (Armitage exit).; High ceilings, exposed brick, sandblasted timber beams, and hardwood floors.
More about this property
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