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Creative Loft Office Space
New
For Lease
$19 SF/Yr

650 W Lake, Chicago, IL 60661

Historic loft workspace with refreshed common areas, controlled access, and lower-level storage.

Space Size2,217 SF - 3,835 SF
Property Size57,000 SF
Days on Market6

Property Features for 650 W Lake

General Information

Standard status Active
Size 2,217 SF - 3,835 SF
Class B
Property subtype Office - Creative Office

Site & Location

Highway Access Yes
Public Transit Yes

Amenities

24/7 key card access
24/7 HVAC control
storage in lower level
Oriole

Building Details

Building Size 57,000 SF
Year Built 1909

Spaces For Lease

at 650 W Lake Contact us

Suite 310 $25/SF/Yr

Size
2,916 SF
Type
Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us

Suite 330 $19/SF/Yr

Size
3,348 SF
Type
Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us

Suite 400 $25/SF/Yr

Size
2,217 SF
Type
Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us

Suite 440 $25/SF/Yr

Size
3,835 SF
Type
Creative Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: Blue Star Properties
Listed By: Amy Skalla
Source: Commercialcafe
Added: Sep 21 Changed: Sep 22 Last Checked: Sep 26 at 4:08AM

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 Blue Star Properties

Investment Insights

Based on property information with market context.

This creative office property occupies a loft-style building originally constructed as a print factory in 1909. A lobby renovation completed in 2022 complements the building’s character, while tenants have access to the property around the clock through key-card entry. HVAC controls are also available 24/7, and additional storage is located on the lower level.

The building sits at the intersection of W Lake and Des Plaines, just east of Chicago’s Fulton Market neighborhood. Driving access is convenient, with the I-90/I-94 feeder ramps less than one block away and multiple parking options nearby. Ogilvie Transportation Center is 0.3 miles away, Union Station is 0.7 miles away, and the Clinton Green/Pink Line station is a 0.3-mile walk. Dining options in the surrounding area include Jimmy John’s, Starbucks, Jefferson Tap, Moneygun, Lou’s Assembly, and Oriole, which is located in the building.

Key Highlights

  • Creative loft office building originally constructed as a print factory in 1909
  • Lobby refreshed in 2022
  • 24/7 key‑card building access and HVAC control

Property Analytics

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Current Use

Span Marketing & Advertising Shout Outdoor Media Media Distribution American Trade Magazines Publishing House Statements Showroom Big Box & Wholesale Store Kuchar: Chicago Interior ... Interior Design

Suggested Use

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

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

18,178
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$34.35 /SF/Yr
Avg Asking Price
$8–$96 /SF/Yr
Price Range
5,968 SF
Avg Space Size

This space is priced 45% below the average of $34.35 /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
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Frequently Asked Questions

What type of property is this?
Creative space - Historic loft workspace with refreshed common areas, controlled access, and lower-level storage.
Where is this creative space located?
The property is located at 650 W Lake Chicago, IL.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: Creative loft office building originally constructed as a print factory in 1909; Lobby refreshed in 2022; 24/7 key‑card building access and HVAC control
More about this property
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