Furnished Medical Office
For Lease
Contact for pricing
3245 N Halsted St, Chicago, IL 60657
Renovated, furnished medical space with built-out reception, central HVAC, signage, and 26 on-site parking spaces.
Property Size4,250 SF
Days on Market991
Property Features for 3245 N Halsted St
General Information
Standard status
Active
Size
4,250 SF
Total Parking Spaces
26
Property subtype
OFFICE
Lease Type
SF/yr
Additional Details
Furnished
Yes
Amenities
24 hour access
monument and building signage
central air conditioning and heating
built out reception desk
reception area seating
drop ceiling
customized build out
Building Details
Construction
brick and masonry
Listing Agency:
Bradford Allen - Corporate
(773) 454-0159
Listed By:
Craig Nadborne
(773) 454-0159
Source:
Moodyscre
Added: Nov 14, 2023
Changed: Jul 28
Last Checked: Aug 1 at 2:52AM
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.
This renovated brick and masonry medical office building is built out and ready to occupy. The space is fully furnished and fully functional, featuring a built-out reception desk and reception seating for 10–20, along with drop ceilings and central air conditioning and heating. Monument and building signage are in place, and the building offers 24-hour access.
Walgreens is currently occupying approximately 1,200 RSF on the north side and is scheduled to vacate on 9/1/23, after which the space can be expanded into by the incoming user. The building includes a 26-car parking lot with all spaces currently available at no cost to the user.
Located in East Lakeview/Boystown, the property is close to the EL at Belmont and numerous bus lines, with the #8 Halsted bus line running and stopping directly in front of the building. The lease term expires on 3/14/2028, with two 5-year renewal options (expiring 3/14/2033 and 3/14/2038) that can be transferred to a sub-tenant; the renewal options have fixed rental rates, and sub-tenants are responsible for future tax increases. Most recent taxes were $23.27/RSF, which is included in the $40/RSF/MG asking rental rate, with sub-tenants paying increases in future years.
Walgreens is currently occupying approximately 1,200 RSF on the north side and is scheduled to vacate on 9/1/23, after which the space can be expanded into by the incoming user. The building includes a 26-car parking lot with all spaces currently available at no cost to the user.
Located in East Lakeview/Boystown, the property is close to the EL at Belmont and numerous bus lines, with the #8 Halsted bus line running and stopping directly in front of the building. The lease term expires on 3/14/2028, with two 5-year renewal options (expiring 3/14/2033 and 3/14/2038) that can be transferred to a sub-tenant; the renewal options have fixed rental rates, and sub-tenants are responsible for future tax increases. Most recent taxes were $23.27/RSF, which is included in the $40/RSF/MG asking rental rate, with sub-tenants paying increases in future years.
Key Highlights
- Built‑out, ready‑to‑occupy medical building with full furnishing and functional space
- Walgreens occupies approx. 1,200 RSF on the north side and will vacate on 9/1/23 for possible expansion
- 26‑car on‑site parking lot with all spaces currently available at no cost to the user
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
7,422
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$26.19 /SF/Yr
Avg Asking Price
$8–$69 /SF/Yr
Price Range
3,383 SF
Avg Space Size
This space is priced 53% above the average of $26.19 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated, furnished medical space with built-out reception, central HVAC, signage, and 26 on-site parking spaces.
Where is this medical office space located?
The property is located at 3245 N Halsted St Chicago, IL.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: Built‑out, ready‑to‑occupy medical building with full furnishing and functional space; Walgreens occupies approx. 1,200 RSF on the north side and will vacate on 9/1/23 for possible expansion; 26‑car on‑site parking lot with all spaces currently available at no cost to the user
