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Office Suite with Storage
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4854 W Addison Street, Chicago, IL 60641

Office suite with updated flooring and multiple private offices, conference room, reception area, kitchen, and bathroom, plus additional storage.

Space Size1,635 SF
Days on Market117

Property Features for 4854 W Addison Street

General Information

Standard status Active
Size 1,635 SF
Property subtype Office

Building Details

Building Size 1,635 SF
Year Built 1938
Tenancy Multiple

Spaces For Lease

at 4854 W Addison Street Contact us

Available Space

Size
1,635 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Strauss Realty
Listed By: Zach Coe · License #475218585
Source: Crexi
Added: Apr 17 Changed: Aug 8 Last Checked: Aug 10 at 8:33AM

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

Investment Insights

Based on property information with market context.

This 1,635 SF office suite is configured for professional use and includes three private offices, a conference room, and an open front office area suitable for reception. The space also offers a kitchen, bathroom, and additional storage. Flooring was updated in 2020.

The property is located in the heart of a residential neighborhood in Chicago. Population within a 2-mile radius is listed at 225,228, with 66,621 households and average household income of $106K.

The layout supports a functional flow between reception, meeting space, private offices, and back-of-house amenities such as the kitchen and bathroom.

Key Highlights

  • 1,635 SF office built in 1938 with a functional layout for professional use
  • Includes 3 private offices, a conference room, and an open front office/reception area
  • Kitchen and bathroom included for day‑to‑day office needs

Property Analytics

Current Use

Transformation Meets Grace Charitable Organization Market-Ease MQQC Advertising Agency

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Hotel & Motel Skin Care Clinic (Bike/Boat/Book/etc) Store

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
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,734
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

$28.32 /SF/Yr
Avg Asking Price
$5.5–$133 /SF/Yr
Price Range
14,737 SF
Avg Space Size

This space is priced 22% below the average of $28.32 /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
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Frequently Asked Questions

What type of property is this?
Office units - Office suite with updated flooring and multiple private offices, conference room, reception area, kitchen, and bathroom, plus additional storage.
Where is this office units located?
The property is located at 4854 W Addison Street Chicago, IL.
What is the lease rate?
The lease rate is $22.02 SF/Yr.
What are key features of this property?
This property features: 1,635 SF office built in 1938 with a functional layout for professional use; Includes 3 private offices, a conference room, and an open front office/reception area; Kitchen and bathroom included for day‑to‑day office needs
More about this property
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