Classic Timber Loft Office
For Sale
$575,000
566 W Lake Street, Chicago, IL 60661
COMMERCIAL - Chicago, IL
Property Size4,593 SF
Lot Size0.11 Acres
Price / SF$125.19
Days on Market166
Property Features for 566 W Lake Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OFFIC
Directions
Northeast corner of Lake and Jefferson
Subdivision
CHI - Near West Side
Standard status
Active
APN
17093150290000
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
40000
Utilities
Cooling system
Window Unit(s)
Amenities
private conference rooms
kitchenette
server room
storage areas
bathrooms
Building Details
Year built
1920
Flooring type
Carpet, Concrete, Tile
Listing Agency:
Ascot Realty Group, Inc.
(312) 849-3100
Listed By:
Denis Ascot · License #475118502
(312) 320-0808
Added: Feb 28
Changed: Aug 4
Last Checked: Aug 13 at 9:06AM
MLS# 12580166
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Investment Insights
Based on property information with market context.
Classic timber loft office building with an open layout. The space includes two private conference rooms, a kitchenette, server room, two storage areas, and bathrooms. Flooring consists of carpet, concrete, and tile, and cooling is provided by window unit(s). Built in 1920, the property offers 4,593 SQFT within a 0.1054-acre lot.
Zoned DX-7, the building is located blocks from Fulton Market. It is immediately adjacent to the Green Line Clinton Stop, with a 5 minute walk to the Ogilvie Train Station, supporting convenient access for employees and visitors.
Inside, the arrangement combines an open plan with enclosed meeting space, along with dedicated functional rooms for IT operations and storage, making the layout practical for office users who need both collaboration and privacy.
Zoned DX-7, the building is located blocks from Fulton Market. It is immediately adjacent to the Green Line Clinton Stop, with a 5 minute walk to the Ogilvie Train Station, supporting convenient access for employees and visitors.
Inside, the arrangement combines an open plan with enclosed meeting space, along with dedicated functional rooms for IT operations and storage, making the layout practical for office users who need both collaboration and privacy.
Key Highlights
- 4,593 SQFT classic timber loft office with open layout
- Zoned DX‑7
- Two private conference rooms plus kitchenette, server room, and storage
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
25,147
Businesses Nearby
Explore this area
Business Placement
Demographics for 60661, IL
11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Zoned DX-7 office loft with an open layout, two conference rooms, and window-unit cooling near major transit.
Where is this office building located?
The property is located at 566 W Lake Street Chicago, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 4,593 SQFT classic timber loft office with open layout; Zoned DX‑7; Two private conference rooms plus kitchenette, server room, and storage
