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    640-650 W Lake St Chicago, IL 60661

    For Lease
    $25 SF/Yr ($6,133 /Mo)

    Creative loft office space in Fulton Market District.

    Property size:
    2,944 SF
    Lot size:
    0.39 Acres

    Property Features for 640-650 W Lake St

    General Information

    Size
    2,944 SF
    Lot size
    0.39 Acres

    Source: Blue Star Properties Agent Amy Skalla

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

    Overview

    Creative Loft Office Space

    The property at 650 W Lake is a creative loft office building, originally constructed as a print factory. Located on the corner of Des Plaines and Lake, it is situated just east of Chicago's Fulton Market District. The building features 24/7 key card access and HVAC control. Storage space is available in the lower level. The lobby was refreshed in 2022. The property offers 2944 square feet of office space.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Spa & Massage Realty agency Hair Salon Dental Office Restaurant Nail Salon Daycare Center Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6445195
    Latitude
    41.8860111

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    FAQs

    What type of property is this?
    Office space - Creative loft office space in Fulton Market District.
    Where is this office space located?
    The property is located at 640-650 W Lake St Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime location near Chicago's Fulton Market District.; - Creative loft office space.; - 24/7 key card access for security.
    (312) 962-1920
    Request Owner's contact information
    640-650 W Lake St Chicago, IL 60661
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    Chicago, IL 60661
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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
    640-650 W Lake St Chicago, IL 60661
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