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    1700 Cortland Ave Chicago, IL 60622

    For Lease
    $15 SF/Yr

    Chic Wicker Park Office Space Available

    Lot size:
    44,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This Cook County, Class B office building at 1700 W Cortland Street offers 44,000 square feet of space, with multiple tenancies available. Currently, 7,881 square feet are vacant, divisible into units ranging from 863 to 2,286 contiguous square feet. The building, constructed in 1940, features 10-foot ceilings and is zoned C2-2. A major renovation is planned for 2024, encompassing a new entryway and elevator lobby with updated flooring, lighting, and paint. Corridor and restroom upgrades will also be completed, including new fixtures and flooring. Exterior improvements include a redesigned entry canopy, landscaping, and facade enhancements. The property's prime location offers easy access to public transportation (Metra/CTA), numerous restaurants, and the vibrant amenities of the Wicker Park and Bucktown neighborhoods. This versatile space is ideal for businesses seeking a modern, well-located office environment in a thriving Chicago neighborhood. The building also includes 1,900 square feet of ground floor retail/showroom space.

    Property Features for 1700 Cortland Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,000 SF
    Class
    B
    Total Rate
    55000

    Building Details

    Year Built
    1940

    Unit(s) available at that property

    Space
    Second Floor Suite 206
    Size
    863 SF
    Rate per SF
    $22
    Space
    Ground Floor Suite 101
    Size
    1,900 SF
    Rate per SF
    $35
    Space
    Suite 204
    Size
    2,286 SF
    Rate per SF
    $22

    HighLights

    • 44,000 SF Office Building in Cook County, IL
    • Class B building, built in 1940, with 10' ceilings
    • Multiple tenancies available, ranging from 863 to 2,286 contiguous SF; 7,881 SF currently vacant
    • C2‑2 Zoning
    • Undergoing 2024 renovations including lobby, corridors, restrooms, and exterior improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6708482
    Latitude
    41.9162051

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    FAQs

    What type of property is this?
    Restaurant - Chic Wicker Park Office Space Available
    Where is this restaurant located?
    The property is located at 1700 Cortland Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $22-$35 SF/Yr.
    What are key features of this property?
    This property features: 44,000 SF Office Building in Cook County, IL; Class B building, built in 1940, with 10' ceilings; Multiple tenancies available, ranging from 863 to 2,286 contiguous SF; 7,881 SF currently vacant
    Request Owner's contact information
    1700 Cortland Ave Chicago, IL 60622
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    Chicago, IL 60622
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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
    1700 Cortland Ave Chicago, IL 60622
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