Renovated Mixed-Use Building For
For Lease
Contact for pricing
624 W Roosevelt Rd, Chicago, IL
Two properties with retail and office space in downtown Chicago.
Space Size2,332 SF - 2,692 SF
Lot Size0.13 Acres
Days on Market540
Property Features for 624 W Roosevelt Rd
General Information
Standard status
Active
Size
2,332 SF - 2,692 SF
Lot size
0.13 Acres
Property subtype
OFFICE
Lease Type
NNN
Spaces For Lease
at 624 W Roosevelt Rd Contact us- Floor
- 2
- Size
- 2,332 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
624 W Roosevelt Rd $15/SF/Yr
- 622 W. Roosevelt offers a prime leasing opportunity in a three-story office and...
show more
Contact us
- Floor
- 3
- Size
- 2,692 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
624 W Roosevelt Rd $15/SF/Yr
- 622 W. Roosevelt offers a prime leasing opportunity in a three-story office and...
show more
Contact us
Listing Agency:
Bradford Allen - Corporate
(312) 994-5700
Listed By:
Craig Nadborne
(773) 454-0159
Source:
Moodyscre
Added: Mar 20, 2025
Changed: Sep 10
Last Checked: Sep 10 at 11:37AM
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 Bradford Allen - Corporate
Investment Insights
Based on property information with market context.
The offering includes two properties: 622 W Roosevelt, featuring 10,632 square feet with 52.75% occupancy, and 632 W. Roosevelt, offering 6,600 square feet with 100% occupancy. The building at 622 W Roosevelt, built in 1904 and situated on 0.13 acres, has undergone a complete renovation, including a new elevator, upgraded HVAC systems, widened stairwells, high ceilings, new in-suite bathrooms, a new elevator lobby, and new interior and exterior doors. The first and lower floors are leased to a national dispensary. The property at 632 W. Roosevelt, built in 1964 and situated on 0.19 acres, is fully leased to a national non-profit. Windows were replaced in 2022. Both properties feature on-site parking behind the building and are located in the DS-3 Downtown Service District enterprise zone, with no transfer tax upon sale. The location is ideal for retail or service-oriented businesses seeking a vibrant urban environment, situated 100 feet from the Dan Ryan Expressway (I-90/94), with 70 feet of frontage on Roosevelt Road and 94 feet on Des Plaines Street. Roosevelt Road sees over 32,000 vehicles per day.
Key Highlights
- High‑traffic location on Roosevelt Road with excellent visibility near the Dan Ryan Expressway.
- Significant recent renovations including a new elevator and upgraded HVAC.
- Stable income from existing tenants, with high occupancy rates.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,513
Businesses Nearby
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Business Placement
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Market
Lease Benchmarks for Chicago, IL
$22.21 /SF/Yr
Avg Asking Price
$11–$46 /SF/Yr
Price Range
42,610 SF
Avg Space Size
This space is priced 32% below the average of $22.21 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Office building - Two properties with retail and office space in downtown Chicago.
Where is this office building located?
The property is located at 624 W Roosevelt Rd Chicago, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: High‑traffic location on Roosevelt Road with excellent visibility near the Dan Ryan Expressway.; Significant recent renovations including a new elevator and upgraded HVAC.; Stable income from existing tenants, with high occupancy rates.
