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Renovated Event/Creative Office Building
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1340-65 North Cherry Avenue, Chicago, IL 60642

Vacant one-story brick buildings feature 30-foot ceilings and were renovated in 2017 with new HVAC, roof, windows, and LED lighting.

Property Size40,546 SF
Days on Market124

Property Features for 1340-65 North Cherry Avenue

General Information

Standard status Active
Size 40,546 SF
Property subtype Office

Additional Details

Clear Height 30 ft

Building Details

Year Renovated 2017
Stories 1
Listing Agency: SVN | Chicago Commercial
Listed By: Stephen Cusano · License #IL 475150860
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 4:56PM

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

1340 and 1365 North Cherry are vacant, one-story brick buildings with a timber bow truss roof, totaling 40,546 square feet and approximately 80 years old. Both buildings provide 30-foot ceiling height, and the property notes a second-floor addition could create an additional 27,401 square feet. The buildings have been completely renovated in 2017 with a new roof, HVAC, windows, ultra-high efficient skylights, and LED lighting with smartphone control capabilities. The exterior and interior masonry were sandblasted and tuckpointed.

The buildings are located at 1340–65 North Cherry Avenue in Chicago, IL 60642. The space is currently vacant but has been used as event space for companies including Red Bull and Mazda, reflecting an open-design layout suited to flexible arrangements.

With their 30-foot clear ceiling height and recent major capital improvements, the buildings present a renovated creative/event-style office option and may also support vertical expansion as described in the offering materials.

Key Highlights

  • Vacant one‑story brick buildings at 1340 and 1365 N Cherry totaling 40,546 SF and approximately 80 years old
  • 30‑foot ceiling height at both buildings offers potential to add a second floor for an additional 27,401 SF
  • Renovated in 2017 with new roof, HVAC, and windows

Property Analytics

Current Use

Creative space

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Big Box & Wholesale Store Garden Center HVAC Service

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

30 ft
Clear height

Location Intelligence

Trade Area within ½ mile

3,276
Businesses Nearby

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

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
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Frequently Asked Questions

What type of property is this?
Creative space - Vacant one-story brick buildings feature 30-foot ceilings and were renovated in 2017 with new HVAC, roof, windows, and LED lighting.
Where is this creative space located?
The property is located at 1340-65 North Cherry Avenue Chicago, IL.
What are key features of this property?
This property features: Vacant one‑story brick buildings at 1340 and 1365 N Cherry totaling 40,546 SF and approximately 80 years old; 30‑foot ceiling height at both buildings offers potential to add a second floor for an additional 27,401 SF; Renovated in 2017 with new roof, HVAC, and windows
More about this property
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