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Mixed-Use Office Building
For Lease
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224 W Hill St, Chicago, IL 60610

Old Town Park III offers office space within a luxury mixed-use development with on-site parking.

Space Size15,093 SF
Days on Market630

Property Features for 224 W Hill St

General Information

Standard status Active
Size 15,093 SF
Property subtype OFFICE

Spaces For Lease

at 224 W Hill St Contact us

224 W Hill St

Floor
4
Size
15,093 SF
Type
OFFICE
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Old Town Park III is a luxury mixed-use development with access to abundant class...
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Listing Agency: Madison Rose
Listed By: Adam Pines
Source: Moodyscre
Added: Dec 20, 2024 Changed: Sep 6 Last Checked: Sep 10 at 12:45PM

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 Madison Rose

Investment Insights

Based on property information with market context.

Old Town Park III is a luxury mixed-use development featuring office buildings and office spaces available for rent. The property includes on-site parking to support tenant and visitor access.

The development is described as having great proximity to the best talent in the city, with access to abundant class A amenities.

Offered as a commercial office option within a broader mixed-use environment, the space is positioned to serve businesses seeking a modern, amenity-rich setting.

Key Highlights

  • Office space available within Old Town Park III, a luxury mixed‑use development.
  • On‑site parking included.
  • Access to class A amenities at the mixed‑use development.

Property Analytics

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Open Analytics

Current Use

Verano Corporate Office

Suggested Use

Top Pick Auto Parts Store Nursing Home Auto Repair Shop (Bike/Boat/Book/etc) Store Garden Center Daycare Center

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

Location Intelligence

Trade Area within ½ mile

8,564
Businesses Nearby

Demographics for 60610, IL

43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
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

$22.21 /SF/Yr
Avg Asking Price
$11–$46 /SF/Yr
Price Range
42,610 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office building - Old Town Park III offers office space within a luxury mixed-use development with on-site parking.
Where is this office building located?
The property is located at 224 W Hill St Chicago, IL.
What are key features of this property?
This property features: Office space available within Old Town Park III, a luxury mixed‑use development.; On‑site parking included.; Access to class A amenities at the mixed‑use development.
(847) 814-1049 Call to check price and availability
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