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    3500 Peterson Ave Chicago, IL 60659

    For Lease
    $15 SF/Yr

    Chicago Office Suites: Multiple sizes available.

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Peterson Executive Center, a Class B office building in Chicago's Peterson Park neighborhood, offers diverse workspace solutions. Located at 3500 W Peterson Ave, this 25,000 square foot building sits on 0.48 acres and features multiple tenancy options. Available spaces range from 716 to 7,538 square feet, suitable for executive offices, traditional offices, creative offices, or medical practices. The property boasts ample parking, including both covered and uncovered spaces. Its convenient location offers easy access to major transportation arteries: a 5-minute drive (1.6 miles) to the Edens Expressway (I-94), a 10-minute drive (4 miles) to Lake Shore Drive, and a 25-minute drive to O'Hare International Airport. Public transportation is readily available via the #82 and #84 bus routes, which stop directly at the building. The surrounding area provides a variety of dining options, including Panera Bread, Old Country Buffet, and several fast-food chains, as well as Martino's Italian Cuisine & Pizzeria. Situated near Northeastern Illinois University and just 10 miles north of the Chicago Loop, the Peterson Park neighborhood offers a blend of suburban tranquility and convenient access to downtown Chicago. This thriving and stable community caters to a diverse population.

    Property Features for 3500 Peterson Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF
    Class
    B
    Total Rate
    32291.67

    Unit(s) available at that property

    Space
    100
    Size
    716 SF
    Rate per SF
    $15
    Space
    204
    Size
    2,673 SF
    Rate per SF
    $20
    Space
    400
    Size
    2,665 SF
    Rate per SF
    $20
    Space
    300
    Size
    7,538 SF
    Rate per SF
    $20

    HighLights

    • Covered parking available.
    • Elevator building.
    • HVAC system included.
    • Janitorial services included within the unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aster Home Health ... Home Health Care Service Howard L Blivaiss ... Dentist Lawrence M. Magee, ... Optometrist Erwin Ovitsky Optometrist Loginclinic Inc Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7167286
    Latitude
    41.9905019

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    FAQs

    What type of property is this?
    Medical office - Chicago Office Suites: Multiple sizes available.
    Where is this medical office located?
    The property is located at 3500 Peterson Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $15-$20 SF/Yr.
    What are key features of this property?
    This property features: Covered parking available.; Elevator building.; HVAC system included.
    Request Owner's contact information
    3500 Peterson Ave Chicago, IL 60659
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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
    3500 Peterson Ave Chicago, IL 60659
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