Chicago Office and Medical
For Lease
Contact for pricing
3500 W Peterson Ave, Chicago, IL 60659
Office and medical building for lease in Peterson Park.
Space Size973 SF - 2,673 SF
Days on Market1835
Property Features for 3500 W Peterson Ave
General Information
Standard status
Active
Size
973 SF - 2,673 SF
Property subtype
Office
Spaces For Lease
at 3500 W Peterson Ave Contact us- Size
- 973 SF
- Type
- Office
404
- Size
- 2,673 SF
- Type
- Office
204
- Size
- 2,665 SF
- Type
- Office
400
Listing Agency:
Imperial Realty Company
(773) 736-6461
Listed By:
Theron May · License #IL 471.019986
Source:
Crexi
Added: Jul 27, 2021
Changed: Jul 6
Last Checked: Aug 4 at 2:20PM
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 Imperial Realty Company
Investment Insights
Based on property information with market context.
Located at 3500 West Peterson Avenue in Chicago's Peterson Park neighborhood, this office and medical building is available for lease. The property features a large parking field with both covered and uncovered spaces. Its location offers convenient access, being within 5 minutes (1.6 miles) of the Edens Expressway (I-94), 10 minutes (4 miles) from Lake Shore Drive, and 25 minutes from O'Hare International Airport. Public transportation is readily accessible, with the #82 and #84 bus routes stopping at the property. A variety of dining options are located nearby, including Panera Bread, Old Country Buffet, KFC, McDonald's, Panda Express, Subway, and Martino's Italian Cuisine & Pizzeria. Peterson Park, home to Northeastern Illinois University and situated 10 miles north of the Chicago Loop, provides a peaceful suburban atmosphere with the advantage of a short commute to downtown. It is described as a thriving and stable Chicago neighborhood that serves a diverse population.
Key Highlights
- Large parking field, both covered and uncovered.
- Convenient location: just 5 minutes to I‑94 and 10 minutes to Lake Shore Drive.
- Suitable for both office and medical use.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,809
Businesses Nearby
Explore this area
Business Placement
Demographics for 60659, IL
40,579
Population
14,748
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
16,908
Density / Sq Mi
$70,033
Median Household Income
$40,493
Median Earnings
$1,391
Median Rent
$358,800
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$18.58 /SF/Yr
Avg Asking Price
$11–$32.5 /SF/Yr
Price Range
42,869 SF
Avg Space Size
This space is priced 8% above the average of $18.58 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office and medical building for lease in Peterson Park.
Where is this office building located?
The property is located at 3500 W Peterson Ave Chicago, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Large parking field, both covered and uncovered.; Convenient location: just 5 minutes to I‑94 and 10 minutes to Lake Shore Drive.; Suitable for both office and medical use.
