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Creative Loft Office Space
For Lease
$27.50 SF/Yr

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

Remodeled first-floor space with food-service infrastructure and access to shared building amenities.

Space SizeContact for details
Days on Market376

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

General Information

Standard status Active

Building Details

Year Built 1902
Stories 6
Units 3
Listing Agency: Strauss Realty Ltd
Listed By: Adam Schneiderman · License #475149601
Source: Allinonerealestateco
Added: Aug 12, 2025 Changed: Aug 19 Last Checked: Aug 21 at 2:01PM

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 offers 5,080 RSF within a six-story creative loft office building constructed in 1902. The space can be configured into three units of 945 RSF, 1,556 RSF, and 2,579 RSF. Existing improvements include epoxy flooring, floor drains, exhaust, FRP wall panels, sinks, and other food-related components from its former coffee roastery use.

Building amenities include shared conference rooms, onsite parking, secured bike storage, and a rooftop deck with WiFi. The property is located in Fulton Market West, four blocks from the Ashland 'el' station and a Divvy Station, one block from the Ashland bus route, and less than 2 miles from downtown train stations. Fulton Market, Randolph Restaurant Row, and downtown Chicago are accessible by bike, train, car, or on foot.

Key Highlights

  • 5,080 RSF first‑floor creative office space
  • Divisible into 945 RSF, 1,556 RSF, and 2,579 RSF units
  • Food‑service improvements include 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

$38.03 /SF/Yr
Avg Asking Price
$8–$120 /SF/Yr
Price Range
5,771 SF
Avg Space Size

This space is priced 28% below the average of $38.03 /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 space with food-service infrastructure and access to shared building amenities.
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 office space; Divisible into 945 RSF, 1,556 RSF, and 2,579 RSF units; Food‑service improvements include floor drains, exhaust, FRP walls, and sinks
More about this property
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