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.
Space Size4,250 SF
Days on Market1053
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
Modified Gross
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
Spaces For Lease
at 3245 N Halsted St
3245 N Halsted St
$40/SF/Yr
Floor
Bldg
Size
4,250 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
Yes
- Built out, ready to occupy medical building
- Fully furnished and fully functional
- Walgreens is currently occupying approximately 1200 rsf on the north side of building. They will vacate on 9/1/23 and then this space can be expanded into by the new user.
- 26 car parking lot. All spaces are currently available at no cost to the user.
- 24 hour access
- Great Lakeview location with great Restaurants, nightlife and shopping in the immediate area.
- Public Transportation: Close to EL at Belmont and numerous bus lines with the #8 Halsted Bus Line runs and stops directly in front of the building.
- Brick and Masonry construction. Renovated by current tenant within the last 5 years.
- Monument and Building Signage
- Central Air Conditioning and Heating
- Built out Reception Desk
- Reception area seating for 10-20
- Drop Ceiling
- Best in class medical office space with a customized build out
- Convenient location with easily accessible on-site parking and walking distance to public transportation.
- Neighborhood friendly and in the heart of East Lakeview / Boystown.
- There are two (2) 5-year renewal options in the lease that can be transferred to the sub-tenant. The lease has fixed rental rates for the 2 expansion options.
- The lease term expires on 3/14/2028. & the first 5 year extension expires on 3/14/ 2033. The 2nd 5 year extension expires on 3/14/2038.
- Most recent tax bill was $23.27 / rsf. This tax bill is part of the $40 / rsf / MG asking rental rate. Sub-tenants will only pay the increases in future years.
Contact us
Listing Agency:
Bradford Allen - Corporate
(312) 994-5700
Listed By:
Craig Nadborne
(773) 454-0159
Source:
Moodyscre
Added: Nov 14, 2023
Changed: Sep 5
Last Checked: Oct 1 at 11:26AM
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
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Open 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
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Market
Lease Benchmarks for Chicago, IL
$33.23 /SF/Yr
Avg Asking Price
$8–$94 /SF/Yr
Price Range
27,426 SF
Avg Space Size
This space is priced 20% above the average of $33.23 /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
