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River North Class A Office
For Lease
$23 SF/Yr

808 N Cleveland Avenue, Chicago, IL 60610

Class A office suites available for lease in River North.

Space SizeContact for details
Property Size284,000 SF
Days on Market189

Property Features for 808 N Cleveland Avenue

General Information

Standard status Active
Size 284,000 SF
Property subtype Office
Listing Agency: SVN | Chicago - Corporate
Listed By: Vaneesa Peeters
Source: Svnchicago
Added: Jan 27 Changed: Jul 6 Last Checked: Aug 4 at 6:01AM

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 SVN | Chicago - Corporate

Investment Insights

Based on property information with market context.

Class A office suites are available for lease on the 4th floor in River North. Spaces range from 1,940 to 5,239 square feet. Garage parking is available. The property offers many amenities and access for lessors. The new development is positioned to attract attention and connects the CBD to River West. New residential developments have added over 1000 luxury units within a 1-mile radius. A major new casino development is slated for 2025. The location offers an opportunity for retail and office space users. The thoroughfare, matched with signage and visibility, allows for exposure and potential. The building features soaring 20-foot ceilings, encased by a glass and steel wrap-around facade bringing in natural light from the East, West and South. The office space has views overlooking pool decks and the River North area, also capturing natural light with high ceilings. A new luxury development with 200 units has just been completed across the street. Traffic count reaches 25,000 per day. Excellent public transit access is available.

Key Highlights

  • Class A spec office space in prime River North location.
  • Garage parking available.
  • New asking rate reduction.

Property Analytics

Current Use

American Design Network (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Nursing Home (Bike/Boat/Book/etc) Store Garden Center Pet Grooming Service Daycare Center

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
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,788
Businesses Nearby

Demographics for 60610, IL

43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
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 18% 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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Class A office suites available for lease in River North.
Where is this office units located?
The property is located at 808 N Cleveland Avenue Chicago, IL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Class A spec office space in prime River North location.; Garage parking available.; New asking rate reduction.
More about this property
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