Building Details

Stories 3

Construction brick and timber

Tenancy Multi

Spaces For Lease

at 1690 N Elston Ave Contact us

1690 N Elston Ave

Floor

2

Size

8,000 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, Now

Sublease

No

- 1690 N Elston Avenue is a boutique, three-level brick and timber loft building... located in Chicago’s booming north branch. - The building is currently being transformed into a class a working environment, well-suited to accommodate the needs of a wide variety of small and mid-sized businesses. - The property’s central location offers immediate access to I-90/94 and is proximate to many of chicago’s most popular neighborhoods where the city’s young talent pool resides. - Well-appointed building with suite sizes ranging from ±3,536 sf – ±8,000 sf. Full and half floor opportunities available. - Build to suit opportunities available with various configurations possible to support both Office and flex industrial uses. - A new building addition, anticipated to be delivered in 2023, will provide up to 50 interior parking spaces in support of 32,000 sf of building area. - The 760-acre north branch is on the precipice of a major transformation, the area has seen a flurry of new and proposed developments and infrastructure improvements, kick-starting the metamorphosis of this former industrial district into chicago’s next generation office submarket. - Early adopters, visionaries,and entrepreneurs seeking refuge from the congestion of traditional downtown submarkets are finding a new home in the high-tech, high style boutique office buildings of the north branch. - Developers are taking full advantage of the sweeping downtown views and historic building stock, designing new developments and adaptive reuse projects that feature unique amenities such as rooftop and private decks, huge factory windows, glass curtain walls, unique branding opportunities, and state-of-the art infrastructure, creating a distinctive old-meets new neighborhood feel that resonates with today’s workforce. - The submarket’s location within the city is unmatched, centrally located between downtown and the north and west sides. - It is adjacent to vibrant neighborhoods that are home to a thriving millennial/gen-z workforce and is easily accessible to the entire city and surrounding suburbs via I-90/94. - A new building addition, anticipated to be delivered in 2023, will provide up to 50 interior parking spaces in support of 32,000 sf of building area.

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Listing Agency: Baum Realty Show Phone

Listed By: Ari Topper, CFA Show Phone

Source: Moodyscre

Added: Jan 25, 2023 Changed: Aug 31 Last Checked: Sep 1 at 8:39PM

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Investment Insights

Based on property information with market context.

This three-level brick-and-timber loft building is being transformed into a contemporary work environment for office users. Suite availability ranges from approximately 3,536 SF to approximately 8,000 SF, with full-floor and half-floor configurations. Build-to-suit opportunities allow for multiple layouts supporting office and flex industrial uses.

A planned building addition, anticipated for delivery in 2023, is designed to add up to 50 interior parking spaces serving 32,000 SF of building area. The property is located at 1690 N Elston Ave in Chicago, with immediate access to I-90/94 and a position between downtown and the city’s north and west sides.

Key Highlights

• Three‑level brick‑and‑timber loft building at 1690 N Elston Ave, Chicago
• Suite sizes range from approximately 3,536 SF to approximately 8,000 SF
• Full‑floor and half‑floor office configurations available

Property Analytics

Current Use

The Litton Building Real Estate Agency

Suggested Use

Top Pick Accounting Firm HVAC Service Garden Center Auto Parts Store Nursing Home Grocery & Convenience 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

Multi-tenant

Tenancy

Yes

Highway access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

3,300

Businesses Nearby

Explore this area Business Placement

Demographics for 60642, IL

21,687

Population

12,144

Households

1.8

Avg Household Size

33

Median Age

78%

College-Educated

97%

High-School Grad

1.7 sq mi

ZIP Area

12,757

Density / Sq Mi

$141,179

Median Household Income

$90,885

Median Earnings

$2,216

Median Rent

$604,200

Median Home Value

Market

Lease Benchmarks for Chicago, IL

$29.6 /SF/Yr

Avg Asking Price

$6–$133 /SF/Yr

Price Range

14,766 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

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Three-level suites offer full- and half-floor configurations with office and flex build-to-suit options.

Where is this office units located?

The property is located at 1690 N Elston Ave Chicago, IL.

What are key features of this property?

This property features: Three‑level brick‑and‑timber loft building at 1690 N Elston Ave, Chicago; Suite sizes range from approximately 3,536 SF to approximately 8,000 SF; Full‑floor and half‑floor office configurations available