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Roosevelt Office Lofts 622-632 W Roosevelt Rd
2,332 - 11,624 SF of Office/Retail Space Available in Chicago, IL 60607
Highlights
- Complete building renovation including new elevator, upgraded HVAC systems, widened stairwells, and new elevator lobby
- Located in the vibrant South Loop along Roosevelt Road
- Situated adjacent to the University of Illinois Chicago and surrounded by a variety of national, regional, and local retailers
- Suites feature high ceilings, ample natural light, new in-suite bathrooms, and new interior and exterior doors
- Easy access to the I-90 expressway and is well-connected to public transportation, providing convenience for both employees and customers
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 632 | 3,300-6,600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 2nd Floor, Ste 200 | 2,332 SF | Negotiable | $27.50 /SF/YR $2.29 /SF/MO $64,130 /YR $5,344 /MO | Modified Gross | ||
| 3rd Floor, Ste 300 | 2,692 SF | Negotiable | $27.50 /SF/YR $2.29 /SF/MO $74,030 /YR $6,169 /MO | Modified Gross |
1st Floor, Ste 632
• 6,600 RSF, divisible to 3,300 RSF • Perfect ground-floor space for retail or service-oriented businesses looking for a vibrant urban location. • 100’ from Dan Ryan Expressway (I-90/94) • 70’ of frontage on Roosevelt Road and 94’ on Des Plaines Street • 32,000+ vehicles per day on Roosevelt Road • On-site parking behind building • ZONING: DS-3
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- Fits 9 - 53 People
- Space In Need of Renovation
- 100’ from Dan Ryan Expressway (I-90/94)
- 70’ of frontage on Roosevelt Road
- 32,000+ vehicles per day on Roosevelt Road
- On-site parking behind building
- ZONING: DS-3
2nd Floor, Ste 200
• 2,332 RSF • High ceilings and new in-suite bathrooms • Great natural light, from south and north windows. • Space ready for tenant buildout • Virtual Tour: https://my.matterport.com/show/?m=rVZQZ1Kyekk
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 6 - 19 People
- Can be combined with additional space(s) for up to 5,024 SF of adjacent space
3rd Floor, Ste 300
• 2,692 RSF • Top floor unit with high ceilings and new in-suite bathrooms • Great natural light, from south and north windows. • Space ready for tenant buildout • New elevator, upgraded HVAC systems, widened stairwells • Virtual Tour: https://my.matterport.com/show/?m=STdmZWCrJKK
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 7 - 22 People
- Can be combined with additional space(s) for up to 5,024 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 622-632 W Roosevelt Rd , Chicago, IL 60607
| Total Space Available | 11,624 SF | Property Subtype | Storefront Retail/Office |
| Min. Divisible | 2,332 SF | Gross Leasable Area | 19,560 SF |
| Max. Contiguous | 5,024 SF | Year Built | 1904 |
| Property Type | Retail | Parking Ratio | 0.26/1,000 SF |
| Total Space Available | 11,624 SF |
| Min. Divisible | 2,332 SF |
| Max. Contiguous | 5,024 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 19,560 SF |
| Year Built | 1904 |
| Parking Ratio | 0.26/1,000 SF |
About the Property
622 W. Roosevelt offers a prime leasing opportunity in a three-story office and retail building located in the heart of the South Loop along Roosevelt Road. The first floor and lower level are currently leased to a national dispensary, attracting steady foot traffic. With parking available at the rear of the building, this space is easily accessible and conveniently located near the University of Illinois Chicago. 632 W. Roosevelt is a perfect ground-floor space for retail or service-oriented businesses looking for a vibrant urban location. This space benefits from 70’ of frontage on Roosevelt Road and 94’ on Des Plaines Street. High traffic location with 32,000+ vehicles per day on Roosevelt Road. On site parking is available in the rear of the building. The space is ready for tenant buildout and benefits from DS-3 zoning.
Nearby Major Retailers
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Roosevelt Office Lofts | 622-632 W Roosevelt Rd
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