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Flex Space with Dock and Drive-In Door
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1621 W Walnut St, Chicago, IL 60612

Flex space offering newly renovated office space plus warehouse area with a dock and a drive-in door.

Property Size9,200 SF
Days on Market480

Property Features for 1621 W Walnut St

General Information

Standard status Active
Size 9,200 SF
Net Rentable 9,200 SF
Total Parking Spaces 10
Property subtype FLEX_R_AND_D
Lease Type SF/yr

Space & Availability

Available Space 9,200 SF
Contiguous Space 9,200 SF

Warehouse & Industrial

Warehouse Space 1,700 SF
Dock-High Doors 1
Drive-In Doors 1
Listing Agency: CBRE | Chicago
Listed By: Nicole Mentone
Source: Moodyscre
Added: Apr 7, 2025 Changed: Jul 30 Last Checked: Jul 30 at 12:26PM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This flex space includes 9,200 SF with 1,700 SF of warehouse space and newly renovated office space. The configuration provides one dock and one drive-in door, supporting straightforward move-in and daily operations.

The space is set up as first floor space and includes 10 parking spaces in a secure lot for tenant use.

With a mix of warehouse and office, this layout can fit businesses that need flexible day-to-day workflows and on-site space for both operations and staff work areas.

Key Highlights

  • 9,200 SF total flex space
  • 1,700 SF of warehouse space
  • 1 dock and 1 drive‑in door

Property Analytics

Current Use

Onyxx Exotic, Sport, ... Car Rental Facility Cate McNabb Cosmetics Cosmetic Store Brian Wright, Wright ... Photography Service McNabb, LLC Marketing & Advertising TouchCR (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Restaurant Bed & Breakfast Clothing & Fashion Store Nursing Home

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

1
Dock-high doors
1
Drive-in doors
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,281
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
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 74% below the average of $70.18 /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?
Flex space - Flex space offering newly renovated office space plus warehouse area with a dock and a drive-in door.
Where is this flex space located?
The property is located at 1621 W Walnut St Chicago, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 9,200 SF total flex space; 1,700 SF of warehouse space; 1 dock and 1 drive‑in door
(312) 297-7658 Call to check price and availability
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