1220 Lake StChicago, IL 60607

  • Industrial properties
  • 7,500 SF
For Lease

Property Details for 1220 Lake St

Year built
1955
Lot size
0.28 AC
Property size (Sq ft)
7,500 SF
Property type
Industrial properties
APN
17-08-320-018
APU
1708320018

Description

This exceptional 12,394-square-foot single-tenant retail space is located at 1220 West Lake Street in Chicago's vibrant Fulton Market submarket. Situated on a 0.29-acre lot, this property offers unparalleled flexibility for a wide range of uses, catering to office, retail, or industrial needs. The M2-3 zoning allows for diverse development options. The entire building is currently vacant, presenting a unique opportunity for a business to establish a significant presence in this highly sought-after area. The building's exterior is adaptable to rebranding, allowing for complete customization to reflect a tenant's specific identity. This prime location in the West Loop provides excellent visibility and accessibility, benefiting from the area's thriving commercial activity and strong pedestrian traffic. The property's address is 1220 W Lake St, Chicago, IL 60607. This is a chance to create a truly impactful space in one of Chicago's most dynamic neighborhoods. The property's size and zoning provide a blank canvas for a creative and successful business venture. The building's adaptability makes it an ideal choice for businesses seeking a unique and customizable space in a prime location. This is a rare opportunity to secure a substantial footprint in the heart of the Fulton Market district.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,758,851
    Hospitality
    $2,527,092
    Educational
    $2,102,511
    Medical
    $2,174,820
    Retail
    $3,270,573
1220 Lake St, Chicago, Illinois

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8858
Longitude
-87.6577
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$56,188
$32,484
$239,766
$272,250
-
$129,936
$959,064
$1,089,000

FAQs

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