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Office Unit in Multi-Tenant Business Building
For Lease
$11.25 SF/Yr

235 E 115th Street #4, Chicago, IL 60628

Office unit in a multi-tenant building with utilities and common area maintenance included, rent paid weekly.

Days on Market94

Property Features for 235 E 115th Street #4

General Information

Standard status Active

Additional Details

Space Use Office
Utilities to Site Yes

Building Details

Building Size 6,424 SF
Year Built 1889
Tenancy Multi
Listing Agency: Prestige Properties Real Estate Pros Inc
Listed By: Eliad Elyon
Source: Perillorealestategroup
Added: May 1 Changed: Jul 29 Last Checked: Aug 1 at 1:08PM

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 Prestige Properties Real Estate Pros Inc

Investment Insights

Based on property information with market context.

Office unit #4 located at 235 E 115th Street in Chicago, IL 60628, within a building complex that contains 7 small business units. The space is suited for a range of smaller professional and service uses such as beauty shop, barber shop, and offices or agencies.

Rent is paid weekly. Water, electric, gas, air, and common area maintenance are included, which can help simplify monthly operating expenses for qualifying tenants.

The building was constructed in 1889. Other units are available within the same building complex for tenants who want different suite options.

Key Highlights

  • Office unit #4 in a building complex with 7 small business units
  • Rent paid weekly
  • Water, electric, gas, air, and common area maintenance included in rent

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Plumbing Service Bakery

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

Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.69 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,031
Businesses Nearby

Demographics for 60628, IL

62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$28.7 /SF/Yr
Avg Asking Price
$6.41–$70 /SF/Yr
Price Range
15,166 SF
Avg Space Size

This space is priced 61% below the average of $28.7 /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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office unit in a multi-tenant building with utilities and common area maintenance included, rent paid weekly.
Where is this office units located?
The property is located at 235 E 115th Street #4 Chicago, IL.
What is the lease rate?
The lease rate is $11.25 SF/Yr.
What are key features of this property?
This property features: Office unit #4 in a building complex with 7 small business units; Rent paid weekly; Water, electric, gas, air, and common area maintenance included in rent
More about this property
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