1726 W Chicago Ave., Unit 1, Chicago, IL 60622 — 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 75 days. Compare it against other office listings for lease in Chicago, IL — view the full market.

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: multiple brokerage reports, Q1 2026.

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 multiple brokerage reports.
Is the Chicago office market tightening or softening?
Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$5.65/SF/mo – $7.64/SF/mo

Mid: $6.64/SF/mo

Estimated total for 1,700 SF: $11,288 per month

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

Based on comparable properties in similar markets rather than local sales.

Contact

Explore this market

Similar Office for Lease in Chicago, IL