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    1431 Hubbard St Chicago, IL 60642

    Sponsored
    For Lease
    $25 SF/Yr ($15,354 /Mo)

    Chicago Office Space: 1,840-3,120 SF Available

    Lot size:
    7,370 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional West Loop Chicago property at 1431 W Hubbard St offers three available executive office suites, ideal for businesses seeking a prime location. The building totals 7,370 square feet across two stories, with a minimum divisible space of 1,840 square feet and a maximum contiguous space of 3,120 square feet. Currently, the entire 7,370 square feet is vacant, presenting a unique opportunity for a single tenant or multiple occupants. The space features attractive polished concrete floors, open layouts conducive to modern office designs, and convenient kitchenettes within each suite. The building is zoned PMD 4 (Planned Manufacturing District) in Cook County, Illinois, and boasts a 12-foot ceiling height throughout. For added convenience, secure reserved parking is available on-site. The property's ground-level location provides excellent street exposure, enhancing visibility and accessibility. A rear loading dock facilitates efficient loading and unloading operations, making it suitable for businesses with logistical needs. This versatile space is perfect for a variety of businesses, from executive offices to catering operations, and is ready for immediate occupancy. The address is 1431 W Hubbard St, Chicago, IL 60642.

    Property Features for 1431 Hubbard St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,370 SF
    Total Rate
    15354.17

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Unit 102
    Size
    2,410 SF
    Rate per SF
    $26
    Space
    Unit 201
    Size
    3,120 SF
    Rate per SF
    $26
    Space
    Unit 202
    Size
    1,840 SF
    Rate per SF
    $26

    HighLights

    • Three executive suites available in prime West Loop location (1431 W Hubbard St, Chicago, IL 60642).
    • 7,370 square feet total, divisible into spaces from 1,840 to 3,120 square feet; currently vacant.
    • Features polished concrete floors, open layouts, and kitchenettes in each suite.
    • 12‑foot ceilings, secure reserved parking, and ground‑level street exposure.
    • Rear loading dock, zoned PMD 4 (Planned Manufacturing District).
    • 2,000 SF rooftop deck.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oak Street Bootmakers Shoe Factory OceanComm, Inc. Telecommunications Equipment Supplier CTC Destination Management Event Planner Stefani Avila Hair Hair Salon Molly Mack Hair Hair Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6634591
    Latitude
    41.8896888

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    FAQs

    What type of property is this?
    Restaurant - Chicago Office Space: 1,840-3,120 SF Available
    Where is this restaurant located?
    The property is located at 1431 Hubbard St Chicago, IL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Three executive suites available in prime West Loop location (1431 W Hubbard St, Chicago, IL 60642).; 7,370 square feet total, divisible into spaces from 1,840 to 3,120 square feet; currently vacant.; Features polished concrete floors, open layouts, and kitchenettes in each suite.
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    1431 Hubbard St Chicago, IL 60642
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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
    1431 Hubbard St Chicago, IL 60642
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