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    1516 W Adams St Chicago, IL 60607

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    For Lease
    $19 SF/Yr ($7,523 /Mo)

    Flex space with shared parking and expressway access.

    Property size:
    4,630 SF
    Lot size:
    0.22 Acres

    Property Features for 1516 W Adams St

    General Information

    Size
    4,630 SF
    Lot size
    0.22 Acres

    Source: Jameson Commercial Agent Robert E. Thomas

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

    Overview

    Free Standing Flex Space

    This free-standing flex space building offers approximately 4,630 square feet. It features shared parking for 34 vehicles and quick access to the expressway system at Ashland Avenue. Public transportation is available 24/7 via the CTA Blue Line and Green Line at Ashland and Jackson. The property includes an 87-foot over-the-road dock and a ceiling height of 10 feet 10 inches. Separately metered utilities are in place, along with two toilets, one of which includes a shower. On-site management is provided.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hillco Distributing Heating Equipment Supplier

    Suggested Use

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

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

    Similar Places Nearby

    Moe's Southwest Grill, JJ Catering & Events, Sweet cheats, Jarabe - Taqueria, ComplEAT Cuisine CHI

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6650741
    Latitude
    41.8793129

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    FAQs

    What type of property is this?
    Flex space - Flex space with shared parking and expressway access.
    Where is this flex space located?
    The property is located at 1516 W Adams St Chicago, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Quick access to expressway system at Ashland Avenue; - Shared parking for 34 vehicles; - 24/7 CTA service via Blue Line, Green Line, Ashland and Jackson
    (312) 216-8000
    Request Owner's contact information
    1516 W Adams St Chicago, IL 60607
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    Chicago, IL 60607
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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
    1516 W Adams St Chicago, IL 60607
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