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Move-in Ready Office Building For Lease
For Lease
$18 SF/Yr

4220 W Montrose Avenue, Chicago, IL 60641

2,300 SF office building with parking, ideal for businesses.

Space SizeContact for details
Days on Market398

Property Features for 4220 W Montrose Avenue

General Information

Standard status Active

Building Details

Year Built 1980
Listing Agency: STRAUSS REALTY LTD
Listed By: DALE STRAUSS · License #471007335
Source: Corcoran
Added: Jul 21, 2025 Changed: Mar 16 Last Checked: Aug 22 at 8:50AM

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 STRAUSS REALTY LTD

Investment Insights

Based on property information with market context.

This 2,300 SF office building is available for lease and move-in ready. The functional layout includes a reception area, 8 private offices, 2 bathrooms, a kitchen, storage space, a conference area, and an open workspace. It is suitable for a wide variety of business uses. The property includes a parking lot for approximately 8 vehicles. Located minutes from I-90 (3 blocks away) and close to the Blue Line, the property offers commuter access and is steps from restaurants and neighborhood businesses. It is highly visible along Montrose Avenue and provides easy access to the city. There is an option to lease adjacent warehouse buildings located at 4224-4228 W. Montrose for an additional fee.

Key Highlights

  • Move‑in ready 2,300 SF office building.
  • Parking lot included for approximately 8 vehicles.
  • Excellent commuter access: Minutes from I‑90 and close to Blue Line.

Property Analytics

Current Use

First Capital Mortgage Loan Service Small Engine Deals, ... Warehouse & Storage Strauss Realty Real Estate Agency

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Hotel & Motel Butcher Bed & Breakfast Florist

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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,320
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$18.64 /SF/Yr
Avg Asking Price
$11–$32.5 /SF/Yr
Price Range
44,505 SF
Avg Space Size

This space is priced 3% below the average of $18.64 /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 building - 2,300 SF office building with parking, ideal for businesses.
Where is this office building located?
The property is located at 4220 W Montrose Avenue Chicago, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Move‑in ready 2,300 SF office building.; Parking lot included for approximately 8 vehicles.; Excellent commuter access: Minutes from I‑90 and close to Blue Line.
More about this property
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