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Ravenswood Boutique Loft Office Space
For Lease
$72 SF/Yr Modified Gross

4525 N Ravenswood Avenue #2S-4, Chicago, IL 60640

Commercial loft office with three private offices and exposed brick.

Space SizeContact for details
Days on Market408

Property Features for 4525 N Ravenswood Avenue #2S-4

General Information

Standard status Active

Building Details

Year Built 1938
Listing Agency: ARIA REAL ESTATE
Listed By: CHRIS CARRACHER · License #475202661
Source: Corcoran
Added: Jul 25, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 ARIA REAL ESTATE

Investment Insights

Based on property information with market context.

This commercial loft office space is located on Ravenswood Avenue. The property features three private offices, exposed brick, and hardwood floors throughout. A kitchen includes a dishwasher. The unit has tenant-controlled central heat and air. Windows facing south provide ample natural light. The unit also includes private bathrooms and a private outdoor picnic area. The monthly rent is $900 modified gross, with the tenant responsible for utilities.

Key Highlights

  • Prime Commercial Loft Office Space on Ravenswood Street
  • Affordable $900 Monthly Modified Gross Rent (tenant pays utilities only)
  • Three Private Offices with Exposed Brick and Hardwood Floors

Property Analytics

Current Use

Trilogy Interactive Marketing & Advertising Hull House Association Charitable Organization Regroup Telehealth & Telepsychiatry Business To Business Service Bergen Counseling Center Psychotherapist Irene Epshteyn Physician

Suggested Use

Top Pick Electrical Service Home Appliance Store Catering Service (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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

3,452
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

Market

Lease Benchmarks for Chicago, IL

$29.6 /SF/Yr
Avg Asking Price
$6–$133 /SF/Yr
Price Range
14,766 SF
Avg Space Size

This space is priced 143% above the average of $29.6 /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 units - Commercial loft office with three private offices and exposed brick.
Where is this office units located?
The property is located at 4525 N Ravenswood Avenue #2S-4 Chicago, IL.
What is the lease rate?
The lease rate is $72 SF/Yr.
What are key features of this property?
This property features: Prime Commercial Loft Office Space on Ravenswood Street; Affordable $900 Monthly Modified Gross Rent (tenant pays utilities only); Three Private Offices with Exposed Brick and Hardwood Floors
More about this property
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