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Creative Loft Space
For Lease
$27.50 SF/Yr

1500 W Carroll Avenue #1ST-FLOOR, Chicago, IL 60607

Remodeled first-floor workspace includes food-service infrastructure, shared conference rooms, parking, and a rooftop deck.

Space Size945 SF - 5,080 SF
Days on Market364

Property Features for 1500 W Carroll Avenue #1ST-FLOOR

General Information

Standard status Active
Size 945 SF - 5,080 SF
Net Rentable 5,080 SF

Space & Availability

Available Space 945-5,080 SF
Contiguous Space 5,080 SF
Divisible Yes
Floor 1
Space Use Creative Office
Condition Move-in Ready
Available From Immediate

Additional Details

Public Transit Yes

Amenities

shared conference rooms
onsite parking
fully secured bike storage
rooftop deck with WiFi

Building Details

Year Built 1902
Stories 6
Units 3
Construction loft
Listing Agency: Strauss Realty Ltd
Listed By: Adam Schneiderman · License #475149601
Source: Perillorealestategroup
Added: Aug 12, 2025 Changed: Aug 4 Last Checked: Aug 9 at 1:45PM

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 Strauss Realty Ltd

Investment Insights

Based on property information with market context.

The first floor of this six-story creative office building offers 5,080 RSF of recently remodeled space with a loft-style environment. The layout can be separated into three units measuring 945 RSF, 1,556 RSF, and 2,579 RSF. Existing improvements include food-related infrastructure, epoxy flooring, floor drains, exhaust, FRP wall panels, and sinks, supporting a range of creative and production-oriented office uses.

Shared amenities include conference rooms, onsite parking, secured bicycle storage, and a rooftop deck with WiFi. The property is at 1500 W. Carroll Avenue in Fulton Market West, four blocks from the Ashland 'el' station and a Divvy Station, one block from Ashland Bus service, and less than 2 miles from downtown train stations. The building dates to 1902.

Key Highlights

  • 5,080 RSF first‑floor creative space
  • Can be divided into 945 RSF, 1,556 RSF, and 2,579 RSF units
  • Food‑related infrastructure includes floor drains, exhaust, FRP walls, and sinks

Property Analytics

Current Use

Ardmore Roderick Civil Engineer FedEx Drop Box Postal Service The Roderick Group Engineer Unanimous Boxing Gym ... Gym & Fitness Center Guerrero Media Distribution

Suggested Use

Top Pick Auto Parts Store Storage Facility Veterinary Clinic Grocery & Convenience 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

NNN (Triple Net)
Lease Type
$4.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,500
Businesses Nearby

Demographics for 60607, IL

31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$37.76 /SF/Yr
Avg Asking Price
$10–$120 /SF/Yr
Price Range
5,931 SF
Avg Space Size

This space is priced 27% below the average of $37.76 /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?
Creative space - Remodeled first-floor workspace includes food-service infrastructure, shared conference rooms, parking, and a rooftop deck.
Where is this creative space located?
The property is located at 1500 W Carroll Avenue #1ST-FLOOR Chicago, IL.
What is the lease rate?
The lease rate is $27.50 SF/Yr.
What are key features of this property?
This property features: 5,080 RSF first‑floor creative space; Can be divided into 945 RSF, 1,556 RSF, and 2,579 RSF units; Food‑related infrastructure includes floor drains, exhaust, FRP walls, and sinks
More about this property
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