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Move-In Ready Office Suite
For Lease
$30 SF/Yr

566 West Lake Street, Chicago, IL 60661

Well-maintained office suite with an open, efficient layout and modern finishes for corporate and client-facing operations.

Space SizeContact for details
Days on Market59

Property Features for 566 West Lake Street

General Information

Standard status Active
Property subtype OFC
Listing Agency: KW Commercial | Naperville | Omar Tharani
Listed By: Omar Tharani
Source: Realnex
Added: Jun 23 Changed: Jul 10 Last Checked: Jul 1 at 5:28AM

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 KW Commercial | Naperville | Omar Tharani

Investment Insights

Based on property information with market context.

Suite 240 at 566 W Lake St offers approximately 2,000 square feet of well-maintained office space designed for day-to-day business use. The space features an open and efficient floor plan with modern finishes, creating a functional environment for meetings, workstations, and other office activities. The suite is presented as move-in ready, supporting a straightforward transition for both established firms and growing teams.

Located in Chicago, IL 60661, the suite benefits from convenient access to public transit and major expressways. The building’s setting is described as within the heart of the city’s business district, making it practical for organizations that need accessible downtown connectivity for employees and clients.

This configuration is well-suited for office-focused tenants such as corporate or administrative teams, as well as users that support client-facing work. Consulting, professional services, and technology-related operations are specifically highlighted as a good fit for the suite’s layout and finishes, supporting a range of professional workflows within a single, flexible space.

Key Highlights

  • Approximately 2,000 SF office suite available for lease at 566 W Lake St, Suite 240, Chicago, IL 60661
  • Open, efficient floor plan designed for corporate, administrative, and client‑facing business operations
  • Well‑maintained suite with modern finishes

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.

Lease Details

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

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

Lease Benchmarks for Chicago, IL

$29.31 /SF/Yr
Avg Asking Price
$6.8–$133 /SF/Yr
Price Range
13,714 SF
Avg Space Size

This space is priced 2% above the average of $29.31 /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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Well-maintained office suite with an open, efficient layout and modern finishes for corporate and client-facing operations.
Where is this office units located?
The property is located at 566 West Lake 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: Approximately 2,000 SF office suite available for lease at 566 W Lake St, Suite 240, Chicago, IL 60661; Open, efficient floor plan designed for corporate, administrative, and client‑facing business operations; Well‑maintained suite with modern finishes
More about this property
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