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Three-Story Office and Retail Building
For Lease
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624 W Roosevelt Rd, Chicago, IL 60607

Three-story office and retail building with rear parking and active first-floor lower level tenant.

Space SizeContact for details
Property Size2,332 SF
Days on Market502

Property Features for 624 W Roosevelt Rd

General Information

Standard status Active
Size 2,332 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Business Included No

Building Details

Stories 3

Spaces For Lease

at 624 W Roosevelt Rd Contact us

624 W Roosevelt Rd $15/SF/Yr

Contact us
Listing Agency: Bradford Allen - Corporate
Listed By: Craig Nadborne
Source: Moodyscre
Added: Mar 20, 2025 Changed: Jul 28 Last Checked: Aug 2 at 2:21PM

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 Bradford Allen - Corporate

Investment Insights

Based on property information with market context.

622 W. Roosevelt is a three-story office and retail building offering leasing space in Chicago’s South Loop along Roosevelt Road. The first floor and lower level are currently leased to a national dispensary.

The building provides rear parking and convenient access for visitors and employees. It is located near the University of Illinois Chicago.

As a mixed-use property with parking at the rear and existing street-level and below-grade tenancy, the building can accommodate a range of commercial requirements seeking proximity to UIC.

Key Highlights

  • Three‑story office and retail building at 622 W. Roosevelt in the South Loop
  • First floor and lower level are currently leased to a national dispensary
  • Retail/office space is in active use with existing tenant on the first floor and lower level

Property Analytics

Current Use

AIBI Production Center Department Store

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Garden Center Furniture & Home Goods Discount 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
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,513
Businesses Nearby

Demographics for 60607, IL

31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.93 /SF/Yr
Avg Asking Price
$5.5–$133 /SF/Yr
Price Range
13,686 SF
Avg Space Size

This space is priced 46% below the average of $27.93 /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 - Three-story office and retail building with rear parking and active first-floor lower level tenant.
Where is this office units located?
The property is located at 624 W Roosevelt Rd Chicago, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Three‑story office and retail building at 622 W. Roosevelt in the South Loop; First floor and lower level are currently leased to a national dispensary; Retail/office space is in active use with existing tenant on the first floor and lower level
(773) 454-0159 Call to check price and availability
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