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Loft Office Building For Rent
For Lease
$16 SF/Yr

445 W Erie Street, Chicago, IL 60654

Three-level loft office building with timber ceilings and 24/7 access.

Space Size1,246 SF - 2,429 SF
Property Size52,931 SF
Days on Market198

Property Features for 445 W Erie Street

General Information

Standard status Active
Size 1,246 SF - 2,429 SF
Class B
Property subtype Office
Lease Term MG

Building Details

Building Size 52,931 SF
Year Built 1903

Spaces For Lease

at 445 W Erie Street Contact us

Suite 101 $28/SF/Yr

Size
2,101 SF
Type
Creative/Loft
Term
Negotiable
Contact us

Suite 103 $28/SF/Yr

Size
1,959 SF
Type
Office / Retail
Term
Negotiable
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Suite 105 $28/SF/Yr

Size
1,246 SF
Type
Creative/Loft
Term
Negotiable
Contact us

Suite 201 $28/SF/Yr

Size
1,975 SF
Type
Creative/Loft
Term
Negotiable
Contact us

Suite 203 $28/SF/Yr

Size
2,098 SF
Type
Creative/Loft
Term
Negotiable
Contact us

Suite 207 $28/SF/Yr

Size
1,380 SF
Type
Creative/Loft
Term
Negotiable
Contact us

Suite 209 $26/SF/Yr

Size
2,073 SF
Type
Creative/Loft
Term
Negotiable
Contact us

Suite 2A+2B $19/SF/Yr

Size
2,429 SF
Type
Creative/Loft
Term
Negotiable
Contact us

Suite 3A $16/SF/Yr

Size
2,048 SF
Type
Creative/Loft
Term
Negotiable
Contact us

Suite 3B $19/SF/Yr

Size
1,455 SF
Type
Creative/Loft
Term
Negotiable
Contact us

Suite 5B $19/SF/Yr

Size
1,926 SF
Type
Office / Retail
Term
Negotiable
Contact us
Listing Agency: Bradford Allen - Corporate
Listed By: Craig A. Nadborne
Source: Tcnworldwide
Added: Jan 27 Changed: Aug 8 Last Checked: Aug 13 at 5:20AM

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 Bradford Allen - Corporate

Investment Insights

Based on property information with market context.

The property at 445 W Erie is a three-level loft office building featuring a two-story atrium lobby and heavy timber ceilings. The suites include kitchenettes and bathrooms. The building provides tenants with 24/7 access via the Kastle Systems. Move-in-ready spec suites are available, featuring hardwood floors and 18-feet high exposed ceilings. A low-height mezzanine area is available at a discounted rate. The 52931 square foot brick and timber loft structure is within walking distance of the city's top restaurants and scenic parks. Parking is available next door.

Key Highlights

  • Unique brick and timber loft structure with high ceilings and skylights.
  • Move‑in‑ready suites feature kitchenettes and bathrooms.
  • 24/7 building access via Kastle Systems.

Property Analytics

Current Use

DroneHub Media Film Production BLANCO U.S.A Barber Shop Journey Foods Food Processing Plant NRC Realty & Capital ... Corporate Office Surgical Innovation Associates Medical Clinic

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Adult Day Care Buffet Tattoo & Piercing Shop 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
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

28,625
Businesses Nearby

Demographics for 60654, IL

23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$18.58 /SF/Yr
Avg Asking Price
$11–$32.5 /SF/Yr
Price Range
44,067 SF
Avg Space Size

This space is priced 14% below the average of $18.58 /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
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Frequently Asked Questions

What type of property is this?
Office building - Three-level loft office building with timber ceilings and 24/7 access.
Where is this office building located?
The property is located at 445 W Erie Street Chicago, IL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Unique brick and timber loft structure with high ceilings and skylights.; Move‑in‑ready suites feature kitchenettes and bathrooms.; 24/7 building access via Kastle Systems.
More about this property
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