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Timber Loft Flex Space Available
For Lease
$30 SF/Yr

1229 N North Branch Street #120, Chicago, IL 60642

3,100 SF flex space in timber loft building.

Space SizeContact for details
Days on Market712

Property Features for 1229 N North Branch Street #120

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $999

Building Details

Year Built 1950
Listing Agency: SPERRY VAN NESS
Listed By: MARCUS SULLIVAN · License #475139568
Source: Corcoran
Added: Sep 24, 2024 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 SPERRY VAN NESS

Investment Insights

Based on property information with market context.

Suite 120 at 1229 North North Branch is a 3,100 square foot space situated on the ground floor of a timber loft style building. The unit features poured concrete floors, high ceilings, a private restroom, and a kitchenette. It also benefits from both private and public entrances. The space is suitable for various uses, including catering, gym, or office/warehouse purposes. The building owner is open to custom buildouts to accommodate specific needs. Additional units of varying sizes are available within the building, with the possibility of demising and custom retrofitting the space or spaces.

Key Highlights

  • Versatile 3,100 sq ft space suitable for catering, gym, office/warehouse.
  • Ground floor location in a timber loft style building.
  • Custom buildout options available from the building owner.

Property Analytics

Current Use

Tyrant Designs CNC Industrial Manufacturer TRAIN WITH TONY Gym & Fitness Center Aaime Business Management Consultant Poetic Productions Film Production Mobile Foot Doctors Physician

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Auto Repair Shop Garden Center HVAC Service

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
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,276
Businesses Nearby

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$29.6 /SF/Yr
Avg Asking Price
$6–$133 /SF/Yr
Price Range
14,766 SF
Avg Space Size

This space is priced 1% above the average of $29.6 /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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - 3,100 SF flex space in timber loft building.
Where is this office units located?
The property is located at 1229 N North Branch Street #120 Chicago, IL.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Versatile 3,100 sq ft space suitable for catering, gym, office/warehouse.; Ground floor location in a timber loft style building.; Custom buildout options available from the building owner.
More about this property
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