Office for Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chicago, IL 60608
  • Size: 3,600 SF

Description

1102 W 18th Street – Flagship 18th Street Corridor Retail | Pilsen, Chicago KW Commercial is pleased to present the opportunity to lease a premier 1,500 SF retail storefront located at 1102 W 18th Street in the heart of Chicago’s iconic 18th Street Corridor in Pilsen. Positioned within a recently rehabbed mixed-use building, this flagship space features 12+’ ceiling height, an expansive all-glass storefront, and an efficient floorplate stretching approximately 85 feet deep; ideal for modern retail, healthcare, wellness, boutique fitness, and hospitality concepts. The premises also include ~816 SF of usable lower-level space, accommodating storage, office, treatment rooms, or back-of-house operations. Formerly home to Pilsen Community Books, one of the corridor’s long-standing cultural anchors, the space benefits from outstanding visibility, heavy pedestrian activity, and constant neighborhood engagement. Property Highlights 1,500 SF ground-floor retail in a recently rehabbed mixed-use building All-glass storefront with excellent branding exposure along 18th Street 12+’ clear ceiling height; space runs roughly 85’ deep for efficient layouts Additional ±816 SF of usable lower-level space with great height, ideal for storage, office, treatment rooms, or back-of-house Former long-standing home of Pilsen Community Books, a beloved neighborhood bookstore known for its floor-to-ceiling shelves and community programming Situated in the heart of the 18th Street Corridor, Pilsen’s historic “Main Street” since the late 1890s Demographic Momentum The property sits within ZIP code 60608, which includes Pilsen and adjacent near-west neighborhoods: Population: Approximately 81,459 residents in 60608; Pilsen itself accounts for roughly 33,000+ residents. Median age: Around 34–35 years, with a strong concentration of working-age adults and young professionals. Income growth: Median household income in Pilsen/60608 is now about $70,700, with recent data showing an approximate +5.8% y

Market Context

This office in Chicago, IL is listed for lease across 3,600 SF. It has been on the market for 38 days. Compare it against other office listings for lease in Chicago, IL — <a href="/search/lease/office/illinois/chicago">view the full market</a>.

As of Q1 2026, the Chicago office market showed a 26.9% vacancy rate, average asking rents near $45.41/SF/yr, rents up 5.2% year over year, and cap rates around 9.8%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

What is the typical cap rate for office in Chicago?
About 9.8% as of Q1 2026, per Consensus.
Is the Chicago office market tightening or softening?
Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Very Low Confidence

$6.13/SF/mo – $8.29/SF/mo

Mid: $7.21/SF/mo

Total estimate for 3,600 SF: $25,956

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market jacksonville (similarity: 100%) with 16 comparable listings.

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