Remodeled Medical Office Space
For Lease
$30 SF/Yr
537 W 31st Street, Chicago, IL 60616
Recently remodeled medical office space with high visibility on 31st Street.
Space SizeContact for details
Days on Market325
Property Features for 537 W 31st Street
General Information
Standard status
Active
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Building Details
Year Built
1885
Listing Agency:
STONETRUST REALTY GROUP, INC.
(630) 290-8789
Listed By:
BRANDON THEODORE · License #471018598
Source:
Corcoran
Added: Oct 2, 2025
Changed: Aug 21
Last Checked: Aug 21 at 8:59AM
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 STONETRUST REALTY GROUP, INC.
Investment Insights
Based on property information with market context.
This commercial space, previously occupied by a long-term tenant for 14 years, is currently configured as a medical office. The space measures just over 1200 square feet and features a large waiting area, a receptionist desk, three patient rooms, a kitchen/break room, and a half bath. The space has been recently remodeled. Located directly on 31st Street, the property benefits from high traffic and great visibility. A full basement is available for additional storage and can be rented for an additional fee.
Key Highlights
- Recently remodeled space, ready for immediate occupancy.
- High‑traffic location on 31st Street with excellent visibility.
- Functional layout includes waiting area, receptionist desk, three patient rooms, kitchen/break room, and half bath.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$28.33 /SF/Yr
Avg Asking Price
$8–$95 /SF/Yr
Price Range
27,251 SF
Avg Space Size
This space is priced 6% above the average of $28.33 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Recently remodeled medical office space with high visibility on 31st Street.
Where is this medical office space located?
The property is located at 537 W 31st Street Chicago, IL.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Recently remodeled space, ready for immediate occupancy.; High‑traffic location on 31st Street with excellent visibility.; Functional layout includes waiting area, receptionist desk, three patient rooms, kitchen/break room, and half bath.
