Building Details

Year Built 1975

Stories 5

Units 16

Listing Agency: My Realty Chicago Inc

Listed By: Waseem Hashlamoun · License #471012633 Show Phone

Source: Fishmangroup

Added: Feb 9, 2024 Changed: Oct 23 Last Checked: Oct 23 at 5:52PM

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Investment Insights

Based on property information with market context.

Office space at 7601 S Kostner Avenue includes a new roof, updated HVAC, and a renovated lobby. The building dates to 1975 and is zoned OFFIC.

The property is near Ford City Mall in Chicago. The tenant is responsible for utilities.

Key Highlights

• Recent improvements include a new roof and HVAC
• Lobby renovation completed as part of recent building updates
• Zoned OFFIC

Property Analytics

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Current Use

Webb Kathy J Physician All Pro Truck ... Training Center CCS Cocina Calidad ... Training Center Emages Inc Physician Peace of Mind & Life ... Crisis Center

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale 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

607

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 60652, IL

40,898

Population

13,709

Households

3

Avg Household Size

37

Median Age

22%

College-Educated

81%

High-School Grad

4.8 sq mi

ZIP Area

8,520

Density / Sq Mi

$78,559

Median Household Income

$36,488

Median Earnings

$1,208

Median Rent

$235,000

Median Home Value

Market

Lease Benchmarks for Chicago, IL

$26.36 /SF/Yr

Avg Asking Price

$4.8–$94 /SF/Yr

Price Range

24,853 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

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Frequently Asked Questions

What type of property is this?

Office space - Building improvements include a replacement roof, HVAC upgrades, and a remodeled lobby.

Where is this office space located?

The property is located at 7601 S Kostner Avenue #206 Chicago, IL.

What are key features of this property?

This property features: Recent improvements include a new roof and HVAC; Lobby renovation completed as part of recent building updates; Zoned OFFIC