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    568 Roosevelt Rd Chicago, IL 60607

    Sponsored
    For Lease
    $35 SF/Yr ($13,171 /Mo)

    Prime South Loop Office Space Available

    Lot size:
    4,516 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional single-story commercial building, located at 568-570 W Roosevelt Rd in Chicago's vibrant South Loop submarket, offers multiple executive office suites for lease. The property boasts a total of 4,516 square feet, with 2,477 square feet currently vacant and divisible into spaces ranging from 495 to 2,477 square feet. Benefiting from high visibility on Roosevelt Road, the building features 84 feet of frontage on Roosevelt and 94 feet on Jefferson Street, providing excellent street-level exposure. The location is part of a thriving retail corridor experiencing over 21,000 vehicles per day, and is situated within a newly developed retail area serving the South Loop and surrounding neighborhoods. The property sits on a 0.16-acre lot and is zoned DS-3. Conveniently located near public transportation, with Halsted Station just 0.7 miles away and Chicago LaSalle Station 1.1 miles away, this property presents a unique opportunity for businesses seeking a prominent location in a rapidly growing area of Chicago. The building features both smaller units facing Jefferson Street and larger units facing Roosevelt Road, offering flexibility for various business needs. Cook County location.

    Property Features for 568 Roosevelt Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,516 SF
    Total Rate
    13171.67

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,977 SF
    Rate per SF
    $35
    Space
    Available Space 1
    Size
    495 SF
    Rate per SF
    $35
    Space
    Available Space 3
    Size
    2,472 SF
    Rate per SF
    $35

    HighLights

    • 4,516 total square feet, multi‑tenant retail and office building.
    • 2,477 square feet of vacant space available, divisible into units as small as 495 square feet.
    • Located in the South Loop submarket of Cook County, zoned DS‑3.
    • High visibility location on Roosevelt Road with 84 feet of frontage, offering excellent street retail opportunity.
    • Building features both smaller units facing Jefferson Street and larger units facing Roosevelt Road, totaling 84' and 94' of frontage respectively.
    • Single‑story building with convenient proximity to public transportation (0.7 miles to Halsted Station, 1.1 miles to Chicago LaSalle Station).
    Property Profile Location Intelligence

    Current Use by Public Records

    M. Stuart's LTD Men'S Clothing Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.650714
    Latitude
    41.8733696

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    FAQs

    What type of property is this?
    Office Property / Space - Prime South Loop Office Space Available
    Where is this office property / space located?
    The property is located at 568 Roosevelt Rd Chicago, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 4,516 total square feet, multi-tenant retail and office building.; 2,477 square feet of vacant space available, divisible into units as small as 495 square feet.; Located in the South Loop submarket of Cook County, zoned DS-3.
    Request Owner's contact information
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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
    568 Roosevelt Rd Chicago, IL 60607
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