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Two-Level Office Suite
New
For Lease
$22 SF/Yr

1650 W North Avenue, Chicago, IL 60622

A conference room, waiting area, and kitchenette support a range of office operations.

Space Size2,000 SF
Days on Market4

Property Features for 1650 W North Avenue

General Information

Standard status Active
Size 2,000 SF
Net Rentable 2,000 SF
Total Parking Spaces 2
Property subtype COMMERCIAL

Space & Availability

Available Space 2,000 SF
Contiguous Space 2,000 SF
Space Use Office
Condition Move-in Ready
Available From Immediate
Meeting Rooms 1

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $11,333

Amenities

waiting area
kitchenette/coffee bar

Building Details

Year Built 1891
Listing Agency: Kale Realty
Listed By: Sylvia Magallanes · License #475145088
Source: Dawnmckennagroup
Added: Oct 13 Changed: Oct 15 Last Checked: Oct 16 at 4:37PM

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 Kale Realty

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Investment Insights

Based on property information with market context.

This 2,000-square-foot office unit spans two levels, with a mix of private and open office areas. The layout also includes a conference room, a waiting area, and a kitchenette. Updated finishes and utilities are present throughout the space, which was built in 1891.

The property is at 1650 W North Avenue in Chicago. Two parking spaces are located at the rear of the building.

Key Highlights

  • 2,000 sq ft across two levels
  • Private and open office areas, plus a conference room and waiting area
  • Kitchenette and updated utilities and finishes

Property Analytics

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Current Use

William Morales & Associates, ... Tax Preparation W & H Financial Financial Advisor

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Butcher Adult Day Care Fish Market Farmer's Market

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

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,551
Businesses Nearby

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$27.16 /SF/Yr
Avg Asking Price
$4.8–$94 /SF/Yr
Price Range
15,567 SF
Avg Space Size

This space is priced 19% below the average of $27.16 /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 units - A conference room, waiting area, and kitchenette support a range of office operations.
Where is this office units located?
The property is located at 1650 W North Avenue Chicago, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 2,000 sq ft across two levels; Private and open office areas, plus a conference room and waiting area; Kitchenette and updated utilities and finishes
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