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Timber Loft Creative Space
For Sale
$499,000

566 W Lake St Unit 101, Chicago, IL 60661

Open-plan workspace with conference rooms, kitchenette, storage, and dedicated server room.

Property Size4,593 SF
Price / SF$108.64
Days on Market35

Property Features for 566 W Lake St Unit 101

General Information

Standard status Active
Size 4,593 SF
Zoning DX-7

Additional Details

Public Transit Yes

Amenities

private conference rooms
kitchenette
server room
storage areas
bathrooms

Building Details

Year Built 1920
Construction timber
Listing Agency: Ascot Realty Group, Inc.
Listed By: Denis Ascot · License #475118502
Source: Bktchicago
Added: Jul 30 Changed: Aug 31 Last Checked: Sep 1 at 10:09PM

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 Ascot Realty Group, Inc.

Investment Insights

Based on property information with market context.

Located at 566 W Lake St Unit 101, this 4,593-square-foot creative space occupies a classic timber loft built in 1920. The open-plan interior includes two private conference rooms, a kitchenette, dedicated server room, two storage areas, and bathrooms. DX-7 zoning supports the property’s commercial office configuration.

The property is immediately adjacent to the Green Line Clinton stop and approximately a five-minute walk from Ogilvie Train Station. It is also positioned within blocks of Fulton Market, providing access to a well-established live/work district.

Key Highlights

  • 4,593 SF classic timber loft built in 1920
  • DX‑7 zoning
  • Open layout with two private conference rooms

Property Analytics

Current Use

Arbor Lodging Partners Corporate Office Encircle Wellness Physician Law Offices of Aaron ... Law Firm Merritt Legal Records Financial Advisor Ascot Realty Group ... Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Clothing & Fashion Store Adult Day Care Restaurant Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

25,147
Businesses Nearby

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

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?
Creative space - Open-plan workspace with conference rooms, kitchenette, storage, and dedicated server room.
Where is this creative space located?
The property is located at 566 W Lake St Unit 101 Chicago, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,593 SF classic timber loft built in 1920; DX‑7 zoning; Open layout with two private conference rooms
More about this property
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