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Newly Renovated Office Space
For Lease
$20 SF/Yr

1639 West Walnut Street, Chicago, IL 60612

Renovated office space near public transportation available for lease.

Space SizeContact for details
Days on Market332

Property Features for 1639 West Walnut Street

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE | Chicago
Listed By: Nicole Mentone · License #475162440
Source: Cbre
Added: Nov 22, 2025 Changed: Oct 18 Last Checked: Oct 19 at 4:22AM

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

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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

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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
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Market

Lease Benchmarks for Chicago, IL

$26.82 /SF/Yr
Avg Asking Price
$4.8–$94 /SF/Yr
Price Range
14,677 SF
Avg Space Size

This space is priced 25% below the average of $26.82 /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 West Walnut Street 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
More about this property
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