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Medical Office Space with Wide Frontage
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1500 N Western Ave, Chicago, IL 60622

Move-in ready medical space with wide frontage and a shared surface parking lot with 38 customer and tenant spaces.

Property Size2,421 SF - 3,521 SF
Days on Market490

Property Features for 1500 N Western Ave

General Information

Standard status Active
Size 2,421 SF - 3,521 SF
Net Rentable 2,421 SF
Total Parking Spaces 38
Property subtype RETAIL

Space & Availability

Available Space 2,421-3,521 SF
Space Use Medical Office
Condition Second Generation

Additional Details

Public Transit Yes
Listing Agency: Stone Real Estate Corp.
Listed By: John Vance
Source: Moodyscre
Added: Apr 1, 2025 Changed: Jul 30 Last Checked: Aug 2 at 11:02AM

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 Stone Real Estate Corp.

Investment Insights

Based on property information with market context.

Move-in ready medical office space offers exceptionally wide frontages for a strong presence on the street. Two available space sizes are noted: a +/- 50’ frontage for the 3,521 SF space and a +/- 80’ frontage for the 2,421 SF space.

The property is positioned in Chicago’s Wicker Park neighborhood, a short distance from the Damen CTA. Damen CTA posted over 1 million annual riders in 2023. The surrounding area includes a dense and growing residential population, with the location described as steps away from the busy intersection of North Ave., Damen Ave., and Milwaukee Ave.

A surface parking lot provides shared parking for customers and tenants, with 38 shared parking spaces included. This combination of visible frontage and convenient parking supports second-generation medical tenant use.

Key Highlights

  • Shared surface parking lot with 38 shared spaces for customers and tenants
  • +/- 80’ frontage for the 2,421 SF medical space
  • +/- 50’ frontage for the 3,521 SF medical space

Property Analytics

Current Use

Nicholas Wolfe Furniture & Home Goods Melissa Elias Styling ... Art Studio Dixon Art Services ... Freight Service Aguilar Construction Construction Company Design on the Edge Interior Design

Suggested Use

Top Pick Nursing Home Accounting Firm HVAC Service Catering Service (Bike/Boat/Book/etc) Store Home Appliance 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

Location Intelligence

Trade Area within ½ mile

4,575
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
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

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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Similar Off Market Nearby

  • Village West Veterinary — 840 N Western Ave, Chicago, IL 60622
  • Companion Animal Hospital Wicker Park — 2134 W Division St, Chicago, IL 60622
  • North Avenue Animal Hospital — 1901 W North Ave, Chicago, IL 60622
  • Aldridge Valerie DVM — 1901 W North Ave, Chicago, IL 60622
  • Hammer Ashley DVM — 1901 W North Ave, Chicago, IL 60622

Frequently Asked Questions

What type of property is this?
Medical Office Space - Move-in ready medical space with wide frontage and a shared surface parking lot with 38 customer and tenant spaces.
Where is this medical office space located?
The property is located at 1500 N Western Ave Chicago, IL.
What are key features of this property?
This property features: Shared surface parking lot with 38 shared spaces for customers and tenants; +/- 80’ frontage for the 2,421 SF medical space; +/- 50’ frontage for the 3,521 SF medical space
(312) 782-1373 Call to check price and availability
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