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    2000 Racine Ave Chicago, IL 60614

    Sponsored
    For Lease
    $28 SF/Yr

    Prime Lincoln Park location, renovated suites.

    Lot size:
    44,046 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional Lincoln Park office building, located at 2000 N Racine Ave (at Armitage), offers a variety of beautifully renovated suites ranging from 195 to 2,040 square feet. Built in 1908 and extensively renovated in 2019, the four-story, 44,046 square foot Class A building boasts a striking vintage façade and a modern interior. Amenities include secure entry, soaring 12-foot ceilings, large windows, a light-filled three-story central atrium, freight and passenger elevators, on-site management, a reserved conference room, and packing and shipping areas. Individual suites feature spacious double-door entries, 7-foot windows, stylish exposed brick and ductwork, concrete ceilings, individually controlled HVAC systems, stylish track lighting, in-unit bathrooms, and glass-topped partitions. The building's location offers unparalleled convenience, with a Walk Score of 95, Bike Score of 89, and Transit Score of 71. It's just 0.3 miles from the Armitage CTA Brown Line stop and provides easy access to the Kennedy Expressway. The surrounding neighborhood is highly desirable, with a 2022 population within one mile of 57,712, an average household income of $166,979, and over $1 billion in annual consumer spending. The property's APN is 14-32-134-037-0000. Available spaces cater to various business needs, from executive offices to traditional and creative office layouts. Multiple tenancy options are available.

    Property Features for 2000 Racine Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,046 SF
    Class
    A
    Total Rate
    102774

    Building Details

    Year Built/Renovated
    1908/2019
    Stories
    4

    Unit(s) available at that property

    Space
    4400
    Size
    2,040 SF
    Rate per SF
    $28

    HighLights

    • Class A, 44,046 SF office building in Lincoln Park at 2000 N Racine Ave.
    • Beautifully renovated suites from 195 to 2,040 SF available.
    • Modern interior with striking vintage façade; amenities include secure entry, freight & passenger elevators, conference room, and shipping areas.
    • High walkability (Walk Score 95), bikeability (Bike Score 89), and transit access (Transit Score 71), near the Armitage CTA Brown Line.
    • Desirable location with strong demographics: high population density, high average household income, and significant consumer spending.
    Property Profile Location Intelligence

    Current Use by Public Records

    Northern Refrigeration Refrigerator Repair Service Kass Management Services, ... Property Management Company Amanda Ori PsyD ... Psychologist Deborah Lynn Zamick, ... Psychologist Movement Synergy Physical ... Physical Therapist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6585314
    Latitude
    41.9182673

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    FAQs

    What type of property is this?
    Office space - Prime Lincoln Park location, renovated suites.
    Where is this office space located?
    The property is located at 2000 Racine Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Class A, 44,046 SF office building in Lincoln Park at 2000 N Racine Ave.; Beautifully renovated suites from 195 to 2,040 SF available.; Modern interior with striking vintage façade; amenities include secure entry, freight & passenger elevators, conference room, and shipping areas.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2000 Racine Ave Chicago, IL 60614
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