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Prime Location in Illinois Medical District
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2050 W Ogden Ave, Chicago, IL 60612

High-traffic location with new development in Illinois Medical District.

Space Size1,070 SF - 2,050 SF
Property Size11,066 SF
Days on Market953

Property Features for 2050 W Ogden Ave

General Information

Standard status Active
Size 1,070 SF - 2,050 SF
Property subtype Retail, Office

Building Details

Building Size 11,066 SF
Tenancy Multiple

Spaces For Lease

at 2050 W Ogden Ave Contact us

Available Space 3

Size
2,050 SF
Type
Office, Retail
Availability
Active
Contact us

Available Space 2

Size
1,125 SF
Type
Office, Retail
Availability
Active
Contact us

Available Space

Size
1,070 SF
Type
Office, Retail
Availability
Active
Contact us
Listing Agency: Baum Realty Group
Listed By: Doug Renner · License #IL 475.151752
Source: Crexi
Added: Jan 10, 2024 Changed: Aug 13 Last Checked: Aug 20 at 3:19PM

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 Baum Realty Group

Investment Insights

Based on property information with market context.

This property is situated in a highly desirable location in the heart of the Illinois Medical District (IMD). The site benefits from its surroundings, which include residential buildings, office spaces, and medical facilities, creating a high-density environment around the building. The area experiences high traffic volume at the intersection of Ogden Avenue and Damen Avenue, offering excellent visibility. A new residential tower, a new retail center, and a hotel are planned for the area.

Key Highlights

  • Amazing location in the heart of the Illinois Medical District (IMD).
  • Very high trafficked area of Ogden & Damen with excellent visibility.
  • Surrounded by residential, office, and medical buildings, creating great density.

Property Analytics

Current Use

Cadence Apartments Apartment Complex

Suggested Use

Top Pick HVAC Service Veterinary Clinic Pet Grooming Service Building Supply (Bike/Boat/Book/etc) Store Accounting Firm

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

Location Intelligence

Trade Area within ½ mile

8,202
Businesses Nearby

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - High-traffic location with new development in Illinois Medical District.
Where is this retail space located?
The property is located at 2050 W Ogden Ave Chicago, IL.
What are key features of this property?
This property features: Amazing location in the heart of the Illinois Medical District (IMD).; Very high trafficked area of Ogden & Damen with excellent visibility.; Surrounded by residential, office, and medical buildings, creating great density.
(312) 275-3109 Call to check price and availability
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