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Historic Three-Story Office Building
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158 W Erie St, Chicago, IL 60654

Three-story historic brick office building built in 1884, with exterior signage available and build-to-suit options.

Property Size2,622 SF
Days on Market192

Property Features for 158 W Erie St

General Information

Standard status Active
Size 2,622 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Willard Jones Real Estate
Listed By: Jonathan Zimmerman · License #471009051
Source: Moodyscre
Added: Jan 22 Changed: Jul 26 Last Checked: Aug 1 at 2:18PM

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 Willard Jones Real Estate

Investment Insights

Based on property information with market context.

158 W Erie is a three-story historic brick office building constructed in 1884, originally serving as a neighborhood fire station. The property offers exterior signage and includes build-to-suit availability.

The building is located near Red, Brown, and Purple line stations, with numerous bus lines and multiple parking facilities in the area. It sits in a highly connected River North setting with a concentration of office buildings, hotels, and dining and entertainment venues.

The offering is suited for tenants seeking an adaptive, character-forward office environment within an established downtown transit and parking network.

Key Highlights

  • Three‑story historic brick office building built in 1884, originally a neighborhood fire station
  • Exterior signage available
  • Build‑to‑suit options available

Property Analytics

Current Use

FREE Rapid & PCR ... Medical Laboratory Xpress Clinics Medical Clinic Escape Room Despair Arcade & Gaming Center Law Offices of Matthew ... Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Buffet Butcher Pet Grooming Service Nursing Home

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
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

28,625
Businesses Nearby

Demographics for 60654, IL

23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$23.25 /SF/Yr
Avg Asking Price
$16–$32.5 /SF/Yr
Price Range
112,327 SF
Avg Space Size

This space is priced 16% above the average of $23.25 /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?
Office building - Three-story historic brick office building built in 1884, with exterior signage available and build-to-suit options.
Where is this office building located?
The property is located at 158 W Erie St Chicago, IL.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Three‑story historic brick office building built in 1884, originally a neighborhood fire station; Exterior signage available; Build‑to‑suit options available
(312) 263-8787 Call to check price and availability
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