Office for Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chicago, IL 60614
  • Size: 20,109 SF

Description

Prime Medical & Professional Office Spaces for Lease – Lakeview, Chicago KW Commercial is pleased to present an exceptional opportunity to lease professional medical offices, conference rooms, and physical training spaces, as well as versatile office spaces suitable for a range of professional uses inside the Center for Athletic Medicine, an independent private practice specializing in top-tier sports medicine. Located in the highly sought-after Lakeview neighborhood of Chicago, this healthcare professional building offers a premier environment tailored for healthcare professionals, wellness providers, and other business professionals seeking a well-equipped and strategically positioned workspace. Available Spaces & Features: Professional Medical Offices : Designed for healthcare practitioners, some offices include built-in water lines to accommodate medical use. Private Office with Large Windows Overlooking Diversey Ave.: Currently serving as a mental health therapist’s office, this fully furnished therapy space is ideal for counselors, psychologists, and other wellness professionals. It includes all necessary furniture and fixtures for a professional therapy setting, providing a calm, private, and welcoming environment for clients. Administrative Office / Private Professional Office: A versatile private office ready for immediate use, equipped with high-speed internet connections, making it ideal for administrative professionals, consultants, or independent business owners looking for a professional work environment. Second Medical Office with Exam Bed & Water Line: Designed for medical practitioners, this office is fully equipped with a built-in water line and includes a hi-lo medical exam table (also known as an adjustable power exam table), ideal for physicians, specialists, or physical therapists requiring a functional and professional medical space. 1,250 SF State-of-the-Art Physical Therapy Room: Fully equipped with top-of-the-line rehabilitation and strengt

Market Context

This office in Chicago, IL is listed for lease across 20,109 SF. It has been on the market for 39 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

$14.56/SF/mo – $19.70/SF/mo

Mid: $17.13/SF/mo

Total estimate for 20,109 SF: $344,467

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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