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River North Loft Office Space
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820 N Franklin St, Chicago, IL

Loft office building in River North with renovated lobby.

Space Size5,177 SF
Lot Size0.12 Acres
Days on Market429

Property Features for 820 N Franklin St

General Information

Standard status Active
Size 5,177 SF
Lot size 0.12 Acres
Property subtype OFFICE
Lease Type Modified Gross

Spaces For Lease

at 820 N Franklin St Contact us

820 N Franklin St $37/SF/Yr

Floor
4
Size
5,177 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- 303 W Institute Place is a loft office building located in River North. Building...
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Listing Agency: Bradford Allen - Corporate
Listed By: Craig Nadborne
Source: Moodyscre
Added: Jun 19, 2025 Changed: Aug 9 Last Checked: Aug 21 at 3:33PM

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.

Located in River North, 303 W Institute Place is a loft office building that offers suites with direct elevator access. The building features a renovated entry and lobby, along with a new elevator. Tenants benefit from 24/7 secure building access. Storage space is available within the building.

Key Highlights

  • Renovated entry/lobby and new elevator provide a modern welcome.
  • Direct elevator access to suites for enhanced convenience.
  • Benefit from 24/7 secure building access.

Property Analytics

Current Use

Nomad-Chicago Cafe & Coffee Shop TeleSight, LLC Advertising Agency Frank C. Urban ... Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Butcher Nursing Home Buffet 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
$5.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,400
Businesses Nearby

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 26% 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
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Frequently Asked Questions

What type of property is this?
Office units - Loft office building in River North with renovated lobby.
Where is this office units located?
The property is located at 820 N Franklin St Chicago, IL.
What is the lease rate?
The lease rate is $37 SF/Yr.
What are key features of this property?
This property features: Renovated entry/lobby and new elevator provide a modern welcome.; Direct elevator access to suites for enhanced convenience.; Benefit from 24/7 secure building access.
(773) 454-0159 Call to check price and availability
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