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Completely Renovated Office Building
For Lease
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2950 W 26th St, Chicago, IL 60623

8,000-sf office building on 15,000 sf of land, fully renovated in 2019.

Property Size8,000 SF
Lot Size0.34 Acres
Days on Market591

Property Features for 2950 W 26th St

General Information

Standard status Active
Size 8,000 SF
Lot size 0.34 Acres
Property subtype OFFICE
Lease Type SF/yr

Building Details

Year Renovated 2019
Listing Agency: Avison Young | Suburban Chicago
Listed By: Steven A. Kohn, SIOR
Source: Moodyscre
Added: Dec 17, 2024 Changed: Jul 26 Last Checked: Jul 30 at 1:53PM

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 Avison Young | Suburban Chicago

Investment Insights

Based on property information with market context.

This completely renovated office building offers 8,000 square feet of space. The property sits on 15,000 square feet of land and underwent a full renovation in 2019, resulting in an updated interior for an office-focused use.

The building is located at 2950 W 26th St in Chicago, IL 60623 and is available for rent. With a dedicated building footprint and recent renovation history, the property is positioned for tenants looking for a turn-key office environment without relying on ongoing major interior work.

Key Highlights

  • 8,000‑sf building on 15,000 sf of land
  • Building was completely renovated in 2019

Property Analytics

Current Use

DaVita Marshall Square ... Medical Clinic

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Daycare Center Veterinary Clinic Garden Center HVAC Service

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
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,191
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$23.25 /SF/Yr
Avg Asking Price
$16–$32.5 /SF/Yr
Price Range
112,327 SF
Avg Space Size

This space is priced 29% above the average of $23.25 /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
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Frequently Asked Questions

What type of property is this?
Office building - 8,000-sf office building on 15,000 sf of land, fully renovated in 2019.
Where is this office building located?
The property is located at 2950 W 26th St Chicago, IL.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: 8,000‑sf building on 15,000 sf of land; Building was completely renovated in 2019
(847) 341-6048 Call to check price and availability
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