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Property profile & analytics
OFF-MARKET
Office Spaces

1500 Division St Chicago, IL 60642

6,400 SF
Property ID
US28-2048758
Property summary
AI-generated overview

This exceptional 6,400 square foot creative office building, located at 1500 W Division Street in Chicago, IL 60642, presents a unique leasing opportunity. The property boasts a prime Wicker Park location at the hard corner of Division and Greenview, offering excellent signage potential. Currently, 1,700 square feet of first-floor space is available for lease at a net-net-net (NNN) rate of $35 per square foot. This space is a former restaurant, featuring a 10-foot hood and is ideal for a variety of creative office uses. An additional 1,700 square feet of lower-level space is also available, leased at a NNN rate of $10 per square foot. The building's layout includes a spacious interior with a seating capacity of 65, complemented by a large backyard patio capable of accommodating 35+ patrons. Note that a liquor license is not permitted for this location. The property's convenient location is further enhanced by its proximity to Near North Montessori school. This versatile space offers a blend of character and functionality, making it an attractive option for businesses seeking a vibrant and accessible location in Chicago's Wicker Park neighborhood. The building is multi-tenant.

Property profile
Verified
Property type Office Spaces
Total area 6,400 SF
UPID US28-2048758
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • NowADays Media Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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