Flexible Flex
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550 W Webster Ave, Chicago, IL 60614
3,886-square-foot flexible, open layout on Webster Avenue, designed for easy space customization and division.
Property Size3,886 SF
Days on Market961
Property Features for 550 W Webster Ave
General Information
Standard status
Active
Size
3,886 SF
Net Rentable
3,886 SF
Property subtype
OFFICE
Lease Type
SF/yr
Space & Availability
Available Space
3,886 SF
Contiguous Space
3,886 SF
Divisible
Yes
Space Use
Office
Listing Agency:
Jameson Commercial
(312) 502-5297
Listed By:
Barry Kadish · License #475148869
(312) 502-5297
Source:
Moodyscre
Added: Dec 12, 2023
Changed: Jul 30
Last Checked: Jul 30 at 8:45AM
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 Jameson Commercial
Investment Insights
Based on property information with market context.
550 W Webster Ave presents a flexible, open-plan space well suited to a range of business uses. The property totals 3,886 square feet and is described as raw space, offering a blank canvas for a tailored interior buildout.
The floor plan is open and expansive, supporting multiple layouts depending on tenant needs. A key operational feature is the ease of divisibility, which can allow the space to be customized or divided to fit specific requirements. The property is also identified as new construction.
For tenants looking for adaptable space in a straightforward, flexible format, this offering provides a practical foundation for either a single-buyer layout or a configuration that can be broken down as needs change.
The floor plan is open and expansive, supporting multiple layouts depending on tenant needs. A key operational feature is the ease of divisibility, which can allow the space to be customized or divided to fit specific requirements. The property is also identified as new construction.
For tenants looking for adaptable space in a straightforward, flexible format, this offering provides a practical foundation for either a single-buyer layout or a configuration that can be broken down as needs change.
Key Highlights
- 3,886‑square‑foot flexible space with an open, expansive floor plan
- Raw space offers a blank canvas for a tailored interior buildout
- Ease of divisibility supports customizing or dividing the space
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,839
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60614, IL
73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$70.18 /SF/Yr
Avg Asking Price
$4.5–$141 /SF/Yr
Price Range
4,230 SF
Avg Space Size
This space is priced 54% below the average of $70.18 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Flex space - 3,886-square-foot flexible, open layout on Webster Avenue, designed for easy space customization and division.
Where is this flex space located?
The property is located at 550 W Webster Ave Chicago, IL.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: 3,886‑square‑foot flexible space with an open, expansive floor plan; Raw space offers a blank canvas for a tailored interior buildout; Ease of divisibility supports customizing or dividing the space
