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Renovated Flex Space
New
For Lease
$10-$14 SF/Yr

4348 W Lake Street, Chicago, IL 60624

Shared conference rooms, kitchens, break areas, and an outdoor courtyard serve tenants in this multi-floor building.

Space Size1,597 SF - 5,033 SF
Property Size78,000 SF
Days on Market2

Property Features for 4348 W Lake Street

General Information

Standard status Active
Size 1,597 SF - 5,033 SF
Net Rentable 1,597 SF
Property subtype Commercial

Space & Availability

Available Space 1,597-5,033 SF
Space Use Flex

Lease Terms

Lease Rate $14 /SF/YR
Rent per SF/Year $10-$14

Site & Location

Neighborhood West Garfield Park
Fenced Yard Yes

Warehouse & Industrial

Clear Height 14 ft
Dock-High Doors 1

Amenities

common area washrooms
conference rooms
kitchens
break rooms
outdoor courtyard
Central air
Central Individual Cooling

Building Details

Year Renovated 2020
Buildings 1
Stories 3
Building Size 78,000 SF
Listing Agency: STRAUSS REALTY LTD
Listed By: DAVID KAPLAN · License #475212948
Source: Corcoran
Added: Oct 24 Changed: Oct 25 Last Checked: Oct 25 at 2:44AM

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

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Investment Insights

Based on property information with market context.

The three-floor flex building totals 78K SF and was fully renovated in 2020. Four suites are identified: Units 203 and 303 are available immediately at 4,737 SF and 2,635 SF, respectively; Units 202 and 205, measuring 1,597 SF and 5,033 SF, are scheduled to become available in February 2027. Spaces have ceiling heights of 12'-14'. Building amenities include common-area washrooms, conference rooms, kitchens, break rooms, and an outdoor courtyard. Freight service is provided by 2 elevators, with 1 trailer dock. The fenced, gated parking area has more than 100 spaces and was recently paved.

At 4348 W Lake Street in Chicago, the property is 1.5 miles from I-290 and 0.5 miles from the Cicero Green Line station. Downtown Chicago is a 10-minute drive west.

Key Highlights

  • 78K SF building across three floors; renovated in 2020
  • Immediately available: Unit 203 at 4,737 SF and Unit 303 at 2,635 SF
  • Scheduled for February 2027: Unit 202 at 1,597 SF and Unit 205 at 5,033 SF

Property Analytics

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Open Analytics

Current Use

MikSpaces Chicago Photography Service Dylan Martin Furniture Production Facility Chicago Cannabis Co. Industrial Manufacturer Connect Event Services Marketing & Advertising Space Haus Architecture Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Skin Care Clinic Spa & Massage Center

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

14 ft
Clear height
1
Dock-high doors
Yes
Fenced yard
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,030
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60624, IL

37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$18.71 /SF/Yr
Avg Asking Price
$8–$33 /SF/Yr
Price Range
16,619 SF
Avg Space Size

This space is priced 36% below the average of $18.71 /SF/Yr.

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019
5.4% 2020
4% 2021
3.3% 2022
4.5% 2023
4.5% 2024
4.7% 2025

Similar Off Market Nearby

  • Catering Out the Box Llc — 4300 W Lake St, Chicago, IL 60624
  • So Soulful Eatery — 3944 W Chicago Ave, Chicago, IL 60651

Frequently Asked Questions

What type of property is this?
Flex space - Shared conference rooms, kitchens, break areas, and an outdoor courtyard serve tenants in this multi-floor building.
Where is this flex space located?
The property is located at 4348 W Lake Street Chicago, IL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 78K SF building across three floors; renovated in 2020; Immediately available: Unit 203 at 4,737 SF and Unit 303 at 2,635 SF; Scheduled for February 2027: Unit 202 at 1,597 SF and Unit 205 at 5,033 SF
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