Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    162 Grand Ave Chicago, IL 60654

    For Lease
    $24 SF/Yr

    Historic Charm, Modern Office, 2,046 SF

    Lot size:
    2,046 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This stunning three-story, 2,046 square foot office building, constructed in 1881 and renovated in 2020, presents a unique opportunity in Chicago's vibrant River North neighborhood. Located on Grand Avenue, this Class B property offers a single available space perfect for a small business seeking a full floor occupancy. The building boasts charming architectural details including four-sided windows providing abundant natural light and original fireplaces, complemented by a newly renovated, elegant lobby. The compact floor plates are ideal for businesses seeking a unique and character-filled workspace. Exterior signage opportunities are available, providing excellent branding potential. The building's convenient location offers easy access to the Brown, Purple, and Red CTA lines, numerous bus routes, and a wealth of dining, shopping, and entertainment options. The property is zoned B7-5 and has a Cook County APN of 17-09-238-006-0000. This is a rare chance to secure a historic yet modernized office space in a prime Chicago location. The building consists of one structure with three stories.

    Property Features for 162 Grand Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,046 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1881/2020
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    2,046 SF
    Rate per SF
    $24

    HighLights

    • Class B, three‑story office building totaling approximately 2,046 square feet available.
    • Built in 1881, renovated in 2020.
    • Located in Chicago's River North neighborhood, offering excellent access to public transportation and amenities.
    • One available space, approximately 2,046 square feet.
    • Features include abundant natural light, fireplaces, and a newly renovated lobby.
    • Exterior signage opportunities available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Art of Escape Room Escape Room Center Sherwin & Sherwin Law Firm Atwater Development Real Estate Agency Contrast Design Group, ... Interior Designer Scott D. Sherwin Criminal Justice Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6336174
    Latitude
    41.8917647

    Nearby Similar for Lease

    • $24 SF/Yr
      6,970 SF

      Distinctive South Loop Office Space

      Versatile commercial space in Chicago's South Loop.
      819 S Wabash Ave, Chicago, IL 60605
      View Details
    • $35 SF/Yr

      Modern Office Building with Rooftop

      Newly constructed office building with a full-floor rooftop retreat.
      1290 N Clybourn Ave, Chicago, IL 60610
      View Details
    • $25 SF/Yr

      Prime Retail Space on North Avenue

      Adaptable retail space in a vibrant Chicago mixed-use district.
      1720 W North Ave, Chicago, IL 60622
      View Details
    • $40 SF/Yr

      Condominium in Chicago, IL

      Condominium for rent in Chicago, Illinois.
      816 W Cullerton St, Chicago, IL 60608
      View Details
    • $20 SF/Yr

      Remodeled Office Space in Chicago

      Remodeled office space for rent in Chicago's Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $15 SF/Yr

      Pulaski Road Storefront Opportunity

      Double storefront on Pulaski Rd with high traffic count.
      8337 S Pulaski Rd, Chicago, IL 60652
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Modern Office, 2,046 SF
    Where is this office property / space located?
    The property is located at 162 Grand Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Class B, three-story office building totaling approximately 2,046 square feet available.; Built in 1881, renovated in 2020.; Located in Chicago's River North neighborhood, offering excellent access to public transportation and amenities.
    Request Owner's contact information
    162 Grand Ave Chicago, IL 60654
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    162 Grand Ave
    Chicago, IL 60654
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    162 Grand Ave Chicago, IL 60654
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.