Flex Office Warehouse
For Sale
Contact for pricing
2675 W Grand Ave, Chicago, IL 60612
A renovated 7,285 SF flex workspace with air conditioning, overhead doors, 45 workstations, and multiple meeting and restroom areas.
Property Size7,285 SF
Price / SF$233.22
Days on Market56
Property Features for 2675 W Grand Ave
General Information
Standard status
Active
Size
7,285 SF
Property subtype
OFFICE
Amenities
Air Conditioning
Common Lunchroom/s
Common Meeting Room/s
Employee Kitchen
Accessible Entrance
Overhead Door/s
Storage Inside
Listing Agency:
Triton Realty Group, LLC
(773) 610-9054
Listed By:
Luke Wojcik · License #475139979
Source:
Moodyscre
Added: Jun 5
Changed: Jul 27
Last Checked: Jul 30 at 12:35PM
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 Triton Realty Group, LLC
Investment Insights
Based on property information with market context.
This renovated flex office warehouse offers a flexible interior layout with 45 workstations, eight private offices, two conference rooms, and a reception area that opens to expansive meeting zones with soft seating. The space includes a generous kitchen/break room and three restrooms, including ADA-compliant options. Interior conveniences include air conditioning, accessible entrance, storage inside, employee kitchen and common lunchroom/meeting room areas, along with overhead doors.
The property is listed for sale as a divisble work space with potential for multiple use types, including warehouse, office, office/medical, office/retail, financial services, and law firm use. Overhead door access supports warehouse or light industrial operations, while the office improvements support professional tenants needing conference and collaboration space.
With recent renovations reported to have addressed infrastructure and interior upgrades, the building is positioned as a ready-to-occupy work environment with both office and warehouse-style features.
The property is listed for sale as a divisble work space with potential for multiple use types, including warehouse, office, office/medical, office/retail, financial services, and law firm use. Overhead door access supports warehouse or light industrial operations, while the office improvements support professional tenants needing conference and collaboration space.
With recent renovations reported to have addressed infrastructure and interior upgrades, the building is positioned as a ready-to-occupy work environment with both office and warehouse-style features.
Key Highlights
- 7,285 SF renovated flexible workspace with air conditioning and a layout designed for multiple work settings
- Configured with 45 workstations plus 8 private offices, 2 conference rooms, and expansive open meeting zones
- Reception area, employee kitchen/break‑room space, and storage inside
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.7k | $38.40 |
| − Vacancy | −$71.3k | −$9.79 |
| EGI | $208.4k | $28.61 |
| − OpEx | −$52.1k | −$7.15 |
| NOI | $156.3k | $21.46 |
7,285 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.23M
$1.95M – $2.61M
NOI $156,307 @ 7.0% cap · market cap 9.20%
Second Best
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $84,098 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$3.43M
$3.01M – $4.01M
NOI $240,440 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,907
Businesses Nearby
Explore this area
Business Placement
Demographics for 60612, IL
34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - A renovated 7,285 SF flex workspace with air conditioning, overhead doors, 45 workstations, and multiple meeting and restroom areas.
Where is this office units located?
The property is located at 2675 W Grand Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 7,285 SF renovated flexible workspace with air conditioning and a layout designed for multiple work settings; Configured with 45 workstations plus 8 private offices, 2 conference rooms, and expansive open meeting zones; Reception area, employee kitchen/break‑room space, and storage inside
