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Newly Renovated Office Space
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1639 W Walnut St, Chicago, IL 60612

Renovated office space near public transportation available for lease.

Space Size4,000 SF
Days on Market1347

Property Features for 1639 W Walnut St

General Information

Standard status Active
Size 4,000 SF
Property subtype OFFICE
Lease Type Modified Gross

Site & Location

Neighborhood West Town

Spaces For Lease

at 1639 W Walnut St
1642 W Lake St $20/SF/Yr
Floor 2
Size 4,000 SF
Type OFFICE
Lease Type MODIFIED_GROSS
Availability AVAILABLE, Now
Sublease No
- 2-Minute walk to CTA Ashland - Green & pink lines - 2-Minute walk to ashland & lake bus stop - Easy access to i90/94 and i-290 expressways - Second floor space - Newly renovated office space - 4 Parking spaces (secure lot) - Off street parking available (fee).
Contact us
Listing Agency: CBRE | Chicago
Listed By: Mitch Adams
Source: Moodyscre
Added: Feb 21, 2023 Changed: Oct 27 Last Checked: Oct 28 at 11:05AM

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 CBRE | Chicago

Rey
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Investment Insights

Based on property information with market context.

This is a 4,000-square-foot office space located on the second floor. The space has been newly renovated. It is located a 2-minute walk from the CTA Ashland Green & Pink Lines and the Ashland & Lake Bus Stop. The property offers easy access to I90/94 and I-290 expressways.

Key Highlights

  • Newly Renovated Office Space
  • 2 minute walk to CTA Ashland Green & Pink Lines
  • 2 minute walk to Ashland & Lake Bus Stop

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

J & L Catering Take-out & Catering RiseKit (Bike/Boat/Book/etc) Store Machine Tool Bids Building Supply

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Bed & Breakfast Restaurant Nursing Home Veterinary Clinic

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
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,281
Businesses Nearby

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$26.72 /SF/Yr
Avg Asking Price
$4.8–$94 /SF/Yr
Price Range
14,490 SF
Avg Space Size

This space is priced 25% below the average of $26.72 /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

Frequently Asked Questions

What type of property is this?
Office unit - Renovated office space near public transportation available for lease.
Where is this office unit located?
The property is located at 1639 W Walnut St Chicago, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Newly Renovated Office Space; 2 minute walk to CTA Ashland Green & Pink Lines; 2 minute walk to Ashland & Lake Bus Stop
(312) 935-1469 · Office Call to check price and availability
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