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    820 Lake St Chicago, IL 60607

    Sponsored
    For Lease
    Contact for pricing

    25,800 SF, Single Tenant, Historic Charm

    Lot size:
    25,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    820 West Lake Street presents a unique opportunity to acquire a substantial executive office space in Chicago's vibrant West Loop. This single-tenant property, totaling 25,800 square feet, is situated at 820 West Lake Street, in Cook County, Illinois, zip code 60607. The building, constructed in 1882, boasts two stories and offers a rare blend of historic character and modern adaptability. The entire 25,800 square feet is currently vacant, providing a blank canvas for a discerning tenant to create a bespoke workspace. Its location in Chicago offers excellent access to public transportation, major roadways, and a wealth of amenities. The property's substantial size and prime location make it ideal for a variety of businesses seeking a prestigious and functional office environment. The building's historical significance adds a unique element of character, while the ample square footage allows for flexible design and layout options. This is a rare opportunity to acquire a significant office property in a highly desirable Chicago location. The property is classified as an office building with an executive office subtype. Serious inquiries are encouraged.

    Property Features for 820 Lake St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,800 SF

    Building Details

    Year Built
    1882
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    25,800 SF

    HighLights

    • 25,800 SF executive office building in Chicago's West Loop.
    • Located at 820 West Lake Street, Chicago, IL 60607 (Cook County).
    • Two‑story building, built in 1882, offering historic character and modern adaptability.
    • Currently vacant, providing a blank canvas for a new tenant.
    • Excellent access to public transportation, major roadways, and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sakusaku at Momotaro Restaurant Boka Restaurant Group Corporate Office Izakaya at MOMOTARO Japanese Restaurant The Izakaya Japanese Restaurant Momotaro Japanese Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.64845
    Latitude
    41.885886

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    FAQs

    What type of property is this?
    Office Property / Space - 25,800 SF, Single Tenant, Historic Charm
    Where is this office property / space located?
    The property is located at 820 Lake St Chicago, IL.
    What are key features of this property?
    This property features: 25,800 SF executive office building in Chicago's West Loop.; Located at 820 West Lake Street, Chicago, IL 60607 (Cook County).; Two-story building, built in 1882, offering historic character and modern adaptability.
    Request Owner's contact information
    820 Lake St Chicago, IL 60607
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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
    820 Lake St Chicago, IL 60607
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