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Mixed-Use Building with Courtyard

4515 N Ravenswood Ave, Chicago, IL 60640

For Lease
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M1-2 zoning and an existing office layout accompany a flexible mixed-use property.

Space Size8,895 SF
Days on Market45

Property Features for 4515 N Ravenswood Ave

General Information

Standard status Active
Size 8,895 SF
Net Rentable 8,895 SF
Total Parking Spaces 3
Property subtype Retail, Office, Special Purpose
Zoning M1-2

Space & Availability

Available Space 8,895 SF
Contiguous Space 8,895 SF
Space Use Office

Site & Location

Neighborhood Ravenswood

Amenities

private offices
conference rooms
full kitchen
fully landscaped private courtyard

Building Details

Building Size 8,895 SF
Construction bow truss

Spaces For Lease

at 4515 N Ravenswood Ave Contact us

#1 Active

Size 8,895 SF
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Available Space Active

Size 8,895 SF
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Listing Agency: Stone Real Estate
Listed By: Ves Pavlovic
Source: Crexi
Added: Sep 26 Changed: Nov 9 Last Checked: Nov 9 at 1:48PM

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 Stone Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 8,895-square-foot mixed-use building features bow-truss construction and 22-foot ceilings. Its existing layout includes private offices, conference rooms, and a full kitchen. Recent work includes a new roof and tuckpointing. A landscaped private courtyard of approximately 7,000 square feet adds outdoor space, while a three-car garage and street parking provide parking options.

The property is zoned M1-2. Identified potential uses include office, showroom, event, arts, entertainment, and medical applications.

Key Highlights

  • 8,895‑square‑foot bow‑truss building with 22‑foot ceilings
  • Approximately 7,000‑square‑foot landscaped private courtyard
  • Existing private offices, conference rooms, and full kitchen

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Solid Insurance Illinois Insurance Agency Rise Gardens Corporate Office

Suggested Use

Top Pick Electrical Service Catering Service Home Appliance Store (Bike/Boat/Book/etc) Store Auto Parts Store Locksmith

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

3,881
Businesses Nearby

Demographics for 60640, IL

65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
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

$26.95 /SF/Yr
Avg Asking Price
$10–$52.5 /SF/Yr
Price Range
32,320 SF
Avg Space Size

Average Price Trend$/SF/Yr for Mixed-use properties in Chicago, IL

$26.53 Jul
$26.64 Aug
$27.78 Sep
$26.95 Oct

Properties on Market for Mixed-use properties in Chicago

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - M1-2 zoning and an existing office layout accompany a flexible mixed-use property.
Where is this mixed-use property located?
The property is located at 4515 N Ravenswood Ave Chicago, IL.
What are key features of this property?
This property features: 8,895‑square‑foot bow‑truss building with 22‑foot ceilings; Approximately 7,000‑square‑foot landscaped private courtyard; Existing private offices, conference rooms, and full kitchen
(312) 782-1374 · Office Call to check price and availability
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