560 Lake StChicago, IL 60661

For Sale
Call for price

West Loop Office: 57,863 SF, For Sale/Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Chicago office condo, located at 560 W Lake St in the vibrant West Loop, offers 57,863 square feet across four floors (1st, 5th, 6th, and 7th) of a seven-story building. Built in 1918 and renovated in 2001, this Class B property boasts a blend of open and private office spaces, featuring exposed brick and timber beams, high ceilings, and abundant natural light. The space is vacant upon delivery on October 31, 2024, presenting a unique opportunity for owner-users or investors. Its prime location offers easy access to public transportation, being steps from the CTA Green and Pink Line Clinton stop and two blocks from Ogilvie Transportation Center. The property's DX-7 zoning allows for diverse commercial uses, including potential residential conversion, with the subject floors accommodating up to 70 residential units and the entire building up to 160. Situated near Randolph Restaurant Row and Fulton Market, this property benefits from its proximity to one of Chicago's most dynamic live-work-play neighborhoods. The building sits on a two-acre lot. This is a rare chance to own a substantial, well-located office space in the heart of the West Loop. The property's layout is ideal for an owner-user seeking to occupy the ground floor and lease the remaining space for additional income.

Highlights

  • Exceptional West Loop location: Steps from CTA Green & Pink Lines, two blocks from Ogilvie Transportation Center.
  • Ideal owner-user opportunity: Ground floor ideal for owner occupancy, with upper floors available for leasing.
  • High redevelopment potential: DX-7 zoning allows for diverse commercial uses, including potential conversion to up to 70 residential units (subject floors) or 160 units (entire building).
  • Rare West Loop offering: 57,863 SF office condo, four floors (1st, 5th, 6th, 7th) in a seven-story building, vacant October 31, 2024.

Property Details for 560 Lake St

Property type
Other office properties, Medical offices
Square Feet
57,863 SF
Class
B
Year Built/Renovated
1918/2001
Buildings
1
Stories
7
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8858496
Longitude
-87.6422865
560 Lake St, Chicago, Illinois

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560 Lake St
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