For Lease
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Property summary
This exceptional Chicago office condo, located at 560 W Lake St in the vibrant West Loop, offers 57,863 square feet across four floors (1st, 5th, 6th, and 7th) of a seven-story building. Built in 1918 and renovated in 2001, this Class B property boasts a blend of open and private office spaces, featuring exposed brick and timber beams, high ceilings, and abundant natural light. The space is vacant upon delivery on October 31, 2024, presenting a unique opportunity for owner-users or investors. Its prime location offers easy access to public transportation, being steps from the CTA Green and Pink Line Clinton stop and two blocks from Ogilvie Transportation Center. The property's DX-7 zoning allows for diverse commercial uses, including potential residential conversion, with the subject floors accommodating up to 70 residential units and the entire building up to 160. Situated near Randolph Restaurant Row and Fulton Market, this property benefits from its proximity to one of Chicago's most dynamic live-work-play neighborhoods. The building sits on a two-acre lot. This is a rare chance to own a substantial, well-located office space in the heart of the West Loop. The property's layout is ideal for an owner-user seeking to occupy the ground floor and lease the remaining space for additional income.
Property profile
VerifiedCap rate & NOI
Current use
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Child Welfare Organization Charitable Organization
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Charitable Organization Social Service Agency
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Association / Organization
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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