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Mixed-Use Property with Fitness Studio
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228 E Illinois St, Chicago, IL 60611

Fitness studio sublease in a mixed-use property near Whole Foods and Northwestern Hospital.

Space Size4,099 SF
Days on Market128

Property Features for 228 E Illinois St

General Information

Standard status Active
Size 4,099 SF
Property subtype Retail
Occupancy 96%

Space & Availability

Space Use Fitness Studio
Sublease Yes

Building Details

Stories 55
Tenancy Multiple

Spaces For Lease

at 228 E Illinois St Contact us

Retail Unit D

Size
4,099 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Listing Agency: Kirsch Agency
Listed By: Devin Hagler · License #475.216102
Source: Crexi
Added: Apr 28 Changed: Aug 31 Last Checked: Aug 31 at 12:15AM

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 Kirsch Agency

Investment Insights

Based on property information with market context.

A fitness studio sublease is available within Optima Signature, a 55-floor mixed-use property in Chicago’s Streeterville area. The building includes over 498 luxury apartment units and is 96% leased, creating a substantial residential component within the property.

The property is positioned at the southern end of the Mag Mile, adjacent to a newly renovated Whole Foods and Northwestern Hospital. The location also places the building near the Mag Mile and the Northeastern Loop, with immediate access to the shopping activity associated with one of the area’s busiest retail streets.

Key Highlights

  • Fitness studio sublease within a 55‑floor mixed‑use property
  • Over 498 luxury apartment units with 96% leased occupancy
  • Adjacent to newly renovated Whole Foods

Property Analytics

Current Use

Reform Studios Gym & Fitness Center KFM Smoke-Stock & Chimney ... Hardware & Home Improvement Former Chicago Fire ... Tour Operator TBU DryerVent Chimney ... General Contractor RUNAWAY Fitness Gym & Fitness Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Restaurant Butcher Pet Grooming Service Clothing & Fashion Store

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

96%
Occupancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

26,261
Businesses Nearby

Demographics for 60611, IL

38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$26.64 /SF/Yr
Avg Asking Price
$10–$52 /SF/Yr
Price Range
88,800 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?
Mixed-use property - Fitness studio sublease in a mixed-use property near Whole Foods and Northwestern Hospital.
Where is this mixed-use property located?
The property is located at 228 E Illinois St Chicago, IL.
What are key features of this property?
This property features: Fitness studio sublease within a 55‑floor mixed‑use property; Over 498 luxury apartment units with 96% leased occupancy; Adjacent to newly renovated Whole Foods
More about this property
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