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Furnished Office Space in West Town
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1240 W Chicago Ave, Chicago, IL

Ready-to-use office space in Chicago's West Town neighborhood.

Space Size9,600 SF
Lot Size0.39 Acres
Days on Market714

Property Features for 1240 W Chicago Ave

General Information

Standard status Active
Size 9,600 SF
Lot size 0.39 Acres
Property subtype OFFICE
Lease Type Modified Gross

Site & Location

Neighborhood Goose Island

Spaces For Lease

at 1240 W Chicago Ave
1030 W Chicago Ave $22/SF/Yr
Floor 2
Size 9,600 SF
Type OFFICE
Lease Type MODIFIED_GROSS
Availability AVAILABLE, Now
Sublease No
- Fully furnished ready-to-use office space ideal for startups, small businesses, and expanding companies - Prime location at the Chicago / Ogden / Milwaukee intersection in Chicago’s booming West Town neighborhood - Versatile layout with open floor plan featuring various configurations, from collaborative spaces to private offices - Abundant natural light with large windows providing a bright and welcoming environment - Well maintained building with secure access for peace of mind - Easy commute for a diverse, skilled workforce from surrounding neighborhoods including the West Loop, Bucktown/Wicker Park, and River North - Quick access to I-90/94, providing seamless connectivity to the rest of the city and suburbs - Steps away from major public transit lines, including the CTA Chicago Blue Line ‘L’ station and multiple bus routes - Convenient on-site parking lot and ample street parking in the area
Contact us
Listing Agency: Baum Realty
Listed By: Owen Wiesner · License #475198918
Source: Moodyscre
Added: Nov 11, 2024 Changed: Oct 26 Last Checked: Oct 24 at 8:00PM

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 Baum Realty

Rey
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Investment Insights

Based on property information with market context.

This fully furnished, ready-to-use office space is suitable for startups, small businesses, and expanding companies. It is located at the Chicago / Ogden / Milwaukee intersection in Chicago’s West Town neighborhood. The versatile layout features an open floor plan with various configurations, including collaborative spaces and private offices. Large windows provide abundant natural light, creating a bright and welcoming environment. The well-maintained building offers secure access. The location provides an easy commute for a diverse, skilled workforce from surrounding neighborhoods, including the West Loop, Bucktown/Wicker Park, and River North. Quick access to I-90/94 provides connectivity to the rest of the city and suburbs. Major public transit lines, including the CTA Chicago Blue Line ‘L’ station and multiple bus routes, are steps away. An on-site parking lot and ample street parking are available in the area. The property has a size of 9600 square feet and is available for rent at $22.

Key Highlights

  • Prime location in Chicago's West Town neighborhood at the Chicago / Ogden / Milwaukee intersection.
  • Fully furnished, ready‑to‑use office space.
  • Easy access to public transportation: CTA Blue Line and multiple bus routes.

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Restaurant Tanning Salon Adult Day Care Clothing & Fashion Store

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
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,821
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$26.72 /SF/Yr
Avg Asking Price
$4.8–$94 /SF/Yr
Price Range
14,490 SF
Avg Space Size

This space is priced 18% below the average of $26.72 /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

Frequently Asked Questions

What type of property is this?
Office unit - Ready-to-use office space in Chicago's West Town neighborhood.
Where is this office unit located?
The property is located at 1240 W Chicago Ave Chicago, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Prime location in Chicago's West Town neighborhood at the Chicago / Ogden / Milwaukee intersection.; Fully furnished, ready‑to‑use office space.; Easy access to public transportation: CTA Blue Line and multiple bus routes.
(312) 275-3119 Call to check price and availability
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