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1550 S Indiana Ave
Chicago, IL 60605

$2,292 - $33,477 USD/MO

Office Residential For Lease • 1,000+ SF

Property Details

Property Type Office Residential
Year Built 1910
Total Building Size 58,400 SF
Tenancy Multiple
Building Class B
Zoning DX-7, Chicago

82 Transit Score

92 Walk Score

9 Spaces Available

Name	Space Use	Size	Rent
Bsmt Floor Ste LL	Office	9,540 SF	$12.00 USD/SF/YR
Raw basement storage currently with high ceilings, some obstructions/posts. Could be integrated into the 1st floor entrance or other areas for the first floor and made into retail/office space. Date available: Now Lease term: 3 - 10 Years Service type: Modified Gross Space Type: Relet
1st Floor Ste 1B	Office	3,930 SF	$27.50 USD/SF/YR
Date available: Now Lease term: 3 - 10 Years Service type: Modified Gross Built out as: Live Work Space Type: Relet
1st Floor Ste 1C	Office/Retail	1,680 SF	$27.50 USD/SF/YR
Date available: Now Lease term: 3 - 10 Years Service type: Modified Gross Space Type: Relet In Contiguous block: 4,010 SF
1st Floor Ste 1D	Office	2,330 SF	$27.50 USD/SF/YR
2,330 USF mostly open floor plan with 1 private offices, 1 conference room and a commercial grade catering kitchen. The space has 6 windows with natural light. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.38 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space. Date available: Now Lease term: 3 - 10 Years Service type: Modified Gross Space Type: Relet In Contiguous block: 4,010 SF
2nd Floor Ste 2C	Office	1,483 SF	$27.50 USD/SF/YR
2000 SF mostly open floor plan with a reception area, 2 private offices with 3 windows with natural southern exposure light and a kitchenette! Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space. Date available: Now Lease term: 3 - 10 Years Service type: Modified Gross Built out as: Standard Office Space Type: Relet In Contiguous block: 7,300 SF
2nd Floor Ste 2D	Office	2,112 SF	$27.50 USD/SF/YR
2,112 RBA SF of open floor plan with 2 natural light southern exposure windws. This space is raw and needs a buildout. It can be a part of a larger office space with upto 8,700 RBA SF office space with kitchen. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space. Date available: Now Lease term: 3 - 10 Years Service type: Modified Gross Space Type: Relet In Contiguous block: 7,300 SF
2nd Floor Ste 2E	Office	1,000 SF	$27.50 USD/SF/YR
Approx. 5,300 SF of raw space that can be used for Office, Light Industrial, Speciality Spaces, i.e. Dance Studio, Laboratory... Excellent natural light with 10 large windows with both southern and western exposure. There are 2 private offices/reception area. There is also direct access to the elevator and the bathrooms. There is a large open floor plan and the space is resistant to sound due to construction, concrete/2" timber floors/ceiling. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space. Date available: Now Lease term: 3 - 10 Years Service type: Modified Gross Space Type: Relet In Contiguous block: 7,300 SF
2nd Floor Ste 2F	Office	2,705 SF	$27.50 USD/SF/YR
Approx. 5,300 SF of raw space that can be used for Office, Light Industrial, Speciality Spaces, i.e. Dance Studio, Laboratory... Excellent natural light with 10 large windows with both southern and western exposure. There are 2 private offices/reception area. There is also direct access to the elevator and the bathrooms. There is a large open floor plan and the space is resistant to sound due to construction, concrete/2" timber floors/ceiling. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space. Date available: Now Lease term: 3 - 10 Years Service type: Modified Gross Space Type: Relet In Contiguous block: 7,300 SF
3rd Floor Ste	Office	14,608 SF	$27.50 USD/SF/YR
Date available: Now Lease term: Negotiable Service type: Modified Gross Built out as: Standard Office Space Type: Relet

Description

Built in 1901, this six-story, brick, stone, and timber building was designed by architect Mifflin E. Bell.  M.E. Bell was the Supervising Architect for the U.S. Treasury Department from 1883-1886.  Bell helped create landmark buildings including numerous U.S. Custom, Court House’s and Post Office’s around the United States.  Bell also helped to design the Washington Monument and his name is engraved on the north face of the monument’s capstone.  In 1887 Bell and his family moved to Chicago where he oversaw federal buildings at the 1893 World’s Colombian Exposition (Chicago World’s Fair).  This was one of his last structure designs before he died in 1904.   
The J.S. Ford, Johnson & Co. used this building to warehouse their 3,000 plus variety of commercial, residential, and institutional chairs.  At the turn of the century, they were one of the largest chair manufacturers in the United States.

                
                    Highlights
                
                                Historic Loft Office Building Completely Updated 
                            
                                New Elevators
                            
                                Garage Spaces Available
                            
                                17' High Sandblasted Loft Wood Ceilings
                            
                                Secure Facility
                            
                                Freight Elevator

Amenities

24 Hour Access
Controlled Access
Dry Cleaner
Property Manager on Site
Security System
Storage Space
Atrium
Basement
Central Heating
Common Parts WC Facilities
Demised WC facilities
High Ceilings
Partitioned Offices
Air Conditioning

Major Tenants

Tenant	SF Occupied	Lease End Date
Ashe
Chicago Sports and Spine Pain Management Physician	4,750 SF
Four Seasons Dry Cleaners
United Service Companies	15,900 SF

Public Transportation

Commuter Rail	Drive	Walk	Distance
18Th Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	10 min	0.6 mi
Museum Campus/11Th St Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra), South Shore Line - Northeast Illinois Regional Commuter Railroad (Metra))	2 min	15 min	0.8 mi
Transit/Subway	Drive	Walk	Distance
Roosevelt Station (Green, Orange Lines) (Green Line - Chicago Transit Authority "L" Trains (The "L"), Orange Line - Chicago Transit Authority "L" Trains (The "L"))	1 min	13 min	0.7 mi
Cermak-Mccormick Place (Green Line - Chicago Transit Authority)	1 min	18 min	0.7 mi
Roosevelt Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L"))	1 min	15 min	0.7 mi
Cermak-Chinatown Station (Red Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	16 min	0.9 mi
Airport	Drive	Walk	Distance
Chicago Midway International	16 min	-	9.8 mi
Chicago O'Hare International	31 min	-	19.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	26
Type:	Surface
Included in Rent:	No

John Scuras 773-946-8969 Paladin Real Estate Investment, LLC

1550 S Indiana Ave Chicago, IL 60605