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Timber Loft Office Space
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420 N Wabash Ave, Chicago, IL 60611

Timber-loft office on the lobby level with exposed columns and 13-foot-high ceiling.

Property Size4,227 SF
Days on Market1270

Property Features for 420 N Wabash Ave

General Information

Standard status Active
Size 4,227 SF
Elevators Yes
Property subtype OFFICE

Space & Availability

Floor Lobby Level
Space Use Office

Additional Details

Public Transit Yes

Amenities

secure building
24-hour surveillance
Shaw's crab house
high ceilings
owner managed
award-winning restaurants
high-end retail
steps from the Loop and Michigan Avenue

Building Details

Construction timber
Listing Agency: Friedman Properties
Listed By: Brian Chernett
Source: Moodyscre
Added: Feb 9, 2023 Changed: Jul 30 Last Checked: Aug 1 at 2:10PM

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 Friedman Properties

Investment Insights

Based on property information with market context.

This office unit features a dramatic timber loft buildout with exposed timber columns and a 13-foot-high exposed timber ceiling. The space is located on the building’s lobby level and is described as a timber loft renovation designed by Pappageorge Haymes, with high ceilings throughout.

The building is owner managed and operated as a secure facility with a Sentex security system and 24-hour surveillance. The property offers access to public transportation and ample public parking nearby, and it includes two passenger elevators and one dedicated freight elevator for move-in and logistics. Shaw’s Crab House is accessible within the building.

Positioned in River North, the location is noted as steps from the Loop and Michigan Avenue.

Key Highlights

  • Timber loft with exposed timber columns and 13‑foot‑high exposed timber ceiling
  • Located on the building’s lobby level
  • Secure building with Sentex security system and 24‑hour surveillance

Property Analytics

Current Use

Adobe Corporate Office Enkode Technologies | Leading ... (Bike/Boat/Book/etc) Store Freight Train Studios Consultant FAZER Designs Marketing & Advertising Pathways / Project Match ... Food Bank

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Buffet Adult Day Care Tanning Salon Pet Grooming 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

Location Intelligence

Trade Area within ½ mile

24,043
Businesses Nearby

Demographics for 60611, IL

38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$28.7 /SF/Yr
Avg Asking Price
$6.41–$70 /SF/Yr
Price Range
15,166 SF
Avg Space Size

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 units - Timber-loft office on the lobby level with exposed columns and 13-foot-high ceiling.
Where is this office units located?
The property is located at 420 N Wabash Ave Chicago, IL.
What are key features of this property?
This property features: Timber loft with exposed timber columns and 13‑foot‑high exposed timber ceiling; Located on the building’s lobby level; Secure building with Sentex security system and 24‑hour surveillance
(312) 670-9539 Call to check price and availability
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