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Renovated Loft/Office Space Available
For Lease
$10 SF/Yr

4348 W Lake Street #3RDFLOOR, Chicago, IL 60624

Renovated loft/office space in fully-renovated building with parking.

Days on Market829

Property Features for 4348 W Lake Street #3RDFLOOR

General Information

Standard status Active

Building Details

Year Built 2020
Listing Agency: STRAUSS REALTY LTD
Listed By: ADAM SCHNEIDERMAN · License #475149601
Source: Corcoran
Added: Apr 23, 2024 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 STRAUSS REALTY LTD

Investment Insights

Based on property information with market context.

The available space is a newly renovated loft/office located on the third floor of the Sloan Valve Workshop Lofts. Unit 303 offers 2,635 rentable square feet. The building underwent a complete renovation in 2020, which included the installation of new skylights, common area washrooms, conference rooms, kitchens, break rooms, and an outdoor courtyard. Parking is available with over 100 spaces in a newly paved, fenced, and gated lot. The property includes one dock and two freight elevators. The clear ceiling height ranges from 12 to 14 feet. It features 3,200 amps/480 volt 3-Phase power and is zoned PMD9. The property is located approximately 0.5 miles from the Cicero and Pulaski Green Line stations and 1.5 miles from I-290. The space is available for lease As Is.

Key Highlights

  • Newly renovated loft/office space (2,635 RSF) in a fully renovated (2020) building.
  • Abundant parking with 100+ spaces, newly paved, fenced, and gated.
  • Convenient location: .5 miles to Green Line stations and 1.5 miles to I‑290.

Property Analytics

Current Use

MikSpaces Chicago Photography Service Dylan Martin Furniture Production Facility Chicago Cannabis Co. Industrial Manufacturer Connect Event Services Marketing & Advertising Space Haus Architecture Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Skin Care Clinic Spa & Massage 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
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,030
Businesses Nearby

Demographics for 60624, IL

37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.06 /SF/Yr
Avg Asking Price
$6.41–$70 /SF/Yr
Price Range
15,999 SF
Avg Space Size

This space is priced 63% below the average of $27.06 /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
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Frequently Asked Questions

What type of property is this?
Office units - Renovated loft/office space in fully-renovated building with parking.
Where is this office units located?
The property is located at 4348 W Lake Street #3RDFLOOR 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/office space (2,635 RSF) in a fully renovated (2020) building.; Abundant parking with 100+ spaces, newly paved, fenced, and gated.; Convenient location: .5 miles to Green Line stations and 1.5 miles to I‑290.
More about this property
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