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Flexible Office Unit
For Lease
$11 SF/Yr

235 E 115th St Unit 5, Chicago, IL 60628

Office space in a seven-unit complex with utilities and common area maintenance included.

Space SizeContact for details
Days on Market46

Property Features for 235 E 115th St Unit 5

General Information

Standard status Active
Lease Type Gross

Additional Details

Space Use Office
Monthly Rent $800
Utilities to Site Yes

Building Details

Year Built 1889
Tenancy Multi
Listing Agency: Prestige Properties Real Estate Pros Inc
Listed By: Eliad Elyon
Source: Grandviewrealtyservices
Added: Jul 21 Changed: Sep 3 Last Checked: Sep 4 at 9:25AM

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.

Unit 5 is an office space within a building complex containing 7 small business units. The layout can support office or service-oriented operations, including uses such as a beauty shop or barber shop. Chairs and other appliances may be rearranged to suit the occupant’s needs.

Water, electric, gas, air, and common area maintenance are included. Additional units are available within the complex, and the property was built in 1889.

Key Highlights

  • Unit 5 within a building complex containing 7 small business units
  • Water, electric, gas, air, and common area maintenance included
  • Chairs and other appliances may be rearranged to suit the occupant

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
$1.65 /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

$29.6 /SF/Yr
Avg Asking Price
$6–$133 /SF/Yr
Price Range
14,766 SF
Avg Space Size

This space is priced 63% below the average of $29.6 /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 space in a seven-unit complex with utilities and common area maintenance included.
Where is this office units located?
The property is located at 235 E 115th St Unit 5 Chicago, IL.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: Unit 5 within a building complex containing 7 small business units; Water, electric, gas, air, and common area maintenance included; Chairs and other appliances may be rearranged to suit the occupant
More about this property
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