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Multi-Level Office Unit
For Lease
$27 SF/Yr

416 W Ontario Street C-2, Chicago, IL 60610

Ground-floor workspace includes reception, collaborative work areas, private offices, meeting rooms, and accessible amenities.

Space SizeContact for details
Days on Market17

Property Features for 416 W Ontario Street C-2

General Information

Standard status Active
Elevators Yes

Space & Availability

Floor Ground Floor, 2
Space Use Office
Private Offices 7
Meeting Rooms 4

Additional Details

Highway Access Yes

Amenities

recently renovated kitchen
handicap accessible
handicap lift

Building Details

Year Built 2003
Listing Agency: Real People Realty
Listed By: Gary Alveranga · License #475178171
Source: Bktchicago
Added: Aug 18 Changed: Aug 28 Last Checked: Sep 1 at 9:48PM

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 Real People Realty

Investment Insights

Based on property information with market context.

This office unit is arranged across two levels within a mixed-use building constructed in 2003. The lower level includes a reception area, 15 cubicles, 4 workstations, a large conference room, three handicap-accessible bathrooms, and a recently renovated kitchen with newer cabinetry and crown molding. A handicap lift connects the levels.

The upper level adds 7 private offices, 2 expansive conference rooms, and a dedicated teaming room. The property is located at 416 W Ontario Street C-2 in Chicago’s River North area, with access to major highways, shopping, and dining. The layout supports a combination of private offices, open work areas, conference space, and training or collaboration functions.

Key Highlights

  • Two‑level office unit in a mixed‑use building built in 2003
  • Lower level includes 15 cubicles, 4 workstations, and a large conference room
  • Upper level features 7 private offices, 2 expansive conference rooms, and a teaming room

Property Analytics

Current Use

Kaleidoscope Group Business Management Consultant Hutch American Cafe ... Specialty Food Shop Boca Loca Cantina ... Restaurant KaleidoServe Child Welfare Organization

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Buffet Pet Grooming Service Adult Day Care Clothing & Fashion Store

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

16,090
Businesses Nearby

Demographics for 60610, IL

43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
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 9% 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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Ground-floor workspace includes reception, collaborative work areas, private offices, meeting rooms, and accessible amenities.
Where is this office units located?
The property is located at 416 W Ontario Street C-2 Chicago, IL.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Two‑level office unit in a mixed‑use building built in 2003; Lower level includes 15 cubicles, 4 workstations, and a large conference room; Upper level features 7 private offices, 2 expansive conference rooms, and a teaming room
More about this property
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