Office for Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chicago, IL 60622
  • Size: 1,700 SF

Description

New Rental Price! Prime Corner Commercial Space for Lease - East Village / West Town! Excellent opportunity to lease a ground-floor corner retail/office space offering 1,700 sq ft on the main level plus 600 sq ft of basement storage. This versatile space is ideal for a medical office, salon/spa, fitness or art studio, or professional services. Features include: High-visibility corner location with over 15,000 vehicles passing daily (per IDOT). Ground-level entry - no steps for easy access. Hardwood floors, high ceilings, central heat & A/C. Half bath in front area and half bath in back section plus a kitchenette area. Ample metered street parking available on both Chicago Ave and the side street. Restaurant/bar/bakery uses are not permitted. Owner requires tenant application, credit check & financials. Tenant responsible for electric, gas, heat, business insurance, scavenger, snow removal, internet. Don't miss this terrific opportunity. Available immediately!

Market Context

This office in Chicago, IL is listed for lease across 1,700 SF. It has been on the market for 42 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

$6.62/SF/mo – $8.95/SF/mo

Mid: $7.78/SF/mo

Total estimate for 1,700 SF: $13,226

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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