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Timber Loft Office Unit
For Lease
$12 SF/Yr NNN

700 N Sacramento Boulevard Unit 251, Chicago, IL 60612

Second-floor office space combines exposed brick, timber ceilings, collaborative areas, and glass-enclosed conference rooms.

Space Size5,785 SF - 11,361 SF
Property Size150,000 SF
Days on Market15

Property Features for 700 N Sacramento Boulevard Unit 251

General Information

Standard status Active
Size 5,785 SF - 11,361 SF
Net Rentable 5,785 SF
Elevators Yes
Lease Type NNN

Space & Availability

Available Space 5,785-11,361 SF
Contiguous Space 11,361 SF
Floor 2
Space Use Office

Additional Details

Sprinkler System Yes

Amenities

high speed internet
card swipe security system
on-site management
loading docks
rooftop deck

Building Details

Year Built 1900
Building Size 150,000 SF
Construction timber loft
Listing Agency: Strauss Realty Ltd
Listed By: Adam Schneiderman · License #475149601
Source: Saladinosells
Added: Sep 13 Changed: Sep 22 Last Checked: Sep 26 at 9:16AM

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 Strauss Realty Ltd

Investment Insights

Based on property information with market context.

Office Unit 251 occupies the second floor of the Universal Building, a historic timber loft property built in 1900. The suite measures 5,785 SF and may be expanded to 11,361 SF. Interior features include a kitchen, glass conference rooms, open collaborative areas, exposed brick, and 12'-14' timber ceilings. Full HVAC, sprinklers, high-speed internet, and card-swipe security support daily operations.

The building is located at 700 N Sacramento Boulevard in Chicago, with on-site management, elevators, loading docks, and a rooftop deck offering skyline views. The property is offered on an NNN lease structure and includes clean, well-maintained common infrastructure.

Key Highlights

  • 5,785 SF second‑floor office unit with expansion potential up to 11,361 SF
  • 12'-14' timber ceilings with exposed brick walls
  • Kitchen, glass conference rooms, and open collaborative areas

Property Analytics

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Current Use

Chitown Home Care Home Health Care Service PHLEARN (Bike/Boat/Book/etc) Store Silver Star Protection ... Security Service Cares Chicago Employment Agency Prairie shore management Association / Organization

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Auto Parts Store Auto Repair Shop

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
Sprinkler system
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,526
Businesses Nearby

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
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

$29.16 /SF/Yr
Avg Asking Price
$4.8–$133 /SF/Yr
Price Range
16,206 SF
Avg Space Size

This space is priced 59% below the average of $29.16 /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 - Second-floor office space combines exposed brick, timber ceilings, collaborative areas, and glass-enclosed conference rooms.
Where is this office units located?
The property is located at 700 N Sacramento Boulevard Unit 251 Chicago, IL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 5,785 SF second‑floor office unit with expansion potential up to 11,361 SF; 12'-14' timber ceilings with exposed brick walls; Kitchen, glass conference rooms, and open collaborative areas
More about this property
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