Building Details

Year Built 1950

Listing Agency: HONORE PROPERTIES,LLC j***@honoreproperties.com Show Phone

Listed By: JACLYN SIMMONS · License #475201214

Source: Corcoran

Added: Dec 29, 2023 Changed: Mar 16 Last Checked: Mar 16 at 9:37AM

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Investment Insights

Based on property information with market context.

Office space is available for rent at a location in Chicago, Illinois. The listed price is $24.

Key Highlights

• Office space available for rent.
• Located in Chicago, Illinois.
• Year Built: 1950

Property Analytics

Property Profile

Current Use

ReachSCB Gym & Fitness Center Jackson Hewitt Tax ... Tax Preparation

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Butcher Nursing Home Bed & Breakfast 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

$3.60 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,421

Businesses Nearby

Explore this area Business Placement

Demographics for 60618, IL

90,316

Population

41,053

Households

2.2

Avg Household Size

35

Median Age

55%

College-Educated

89%

High-School Grad

5.0 sq mi

ZIP Area

18,063

Density / Sq Mi

$101,558

Median Household Income

$60,263

Median Earnings

$1,534

Median Rent

$538,300

Median Home Value

Market

Lease Benchmarks for Chicago, IL

$29.31 /SF/Yr

Avg Asking Price

$6.8–$133 /SF/Yr

Price Range

13,714 SF

Avg Space Size

This space is priced 18% below the average of $29.31 /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

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office space available for rent in Chicago, Illinois.

Where is this office units located?

The property is located at 3751 N Western Avenue #3755 Chicago, IL.

What is the lease rate?

The lease rate is $24 SF/Yr.

What are key features of this property?

This property features: Office space available for rent.; Located in Chicago, Illinois.; Year Built: 1950