Midway Business Center - 5555-5561 South Archer Avenue - Space Availability

For Lease$6.5/Sqft/Yearly

5561 South Archer Avenue, Chicago, IL 60638

  • Industrial
  • Warehouse/Distribution
  • 31,142 Sqft

Midway Business Center - 5555-5561 South Archer Avenue, Chicago, IL 60638 - Industrial Space for rent

Midway Business Center - 5555-5561 South Archer Avenue is located at 5561 South Archer Avenue in the Garfield Ridge neighborhood, IL, Chicago, 60638. The Class B Industrial building was completed in 1956 and features a total of 1,250,000 Sqft. There is 1 Industrial space available for lease at 5561 South Archer Avenue, Chicago, IL, 60638, totaling 31,142 Sqft. The largest space available has 31,142 Sqft and a rental rate of $6.5/Sqft/Yearly.

There are 7 industrial spaces for lease in the Garfield Ridge neighborhood, totaling 226,256 Sqft of available industrial space. The industrial space availability for the 60638 zip code is 366,751 Sqft, in 9 industrial spaces. The average asking industrial rent per sq. ft. in Garfield Ridge is $1.08/sqft/year. For Class B industrial buildings the average industrial rate is $3.25/sqft/year.

In Garfield Ridge, there are 13 class B industrial buildings. In 1956, the same year Midway Business Center - 5555-5561 South Archer Avenue was built, 1 more commercial property (office, industrial, retail) over 50,000 square feet was built in Chicago, featuring 2,527,165 square feet of commercial space.

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Details

  • Price $6.5/Sqft/Yearly
  • City Chicago
  • Neighborhood Garfield Ridge
  • Zip Code 60638
  • Market Chicago
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 1,250,000 Sqft
  • Lot Size 39.99 Acre
  • Parking Spaces Avail. 687
  • Parking Ratio 0.55/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1956

Availability

Suite Name Space Type Lease Rate Space Available
Partial 1st Floor Industrial $6.5/Sqft/Yearly 31,142 Sqft
  • Suite Partial 1st Floor
  • Space Type Industrial - Manufacturing
  • Available From Wednesday, August 8, 2018
  • Total Space Available 31,142 Sqft
  • Floor From 1 To 1
  • Divisible Space Yes
  • Min Divisible 10,000 Sqft
  • Max Contiguous 31,142 Sqft
  • Lease Rate $6.5/Sqft/Yearly
  • Possession Type Immediate
  • Lease Type Full Service
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Lawrence Goldwasser

Cushman & Wakefield

(312) 470-2323

Colin Green

Cushman & Wakefield

(312) 470-2322

Matt Cowie

Cushman & Wakefield

(312) 470-1872

Garfield Ridge Demographics

The average household income in zip code 60638 is $79,245, from a total of 20,100 households. In terms of employment, there are 73.07 % white-collar and 26.93 % blue-collar jobs in zip code 60638.

Population

  • Total Population58,990
  • Male Population(49.2 %) 29,045
  • Female Population(50.8 %) 29,945
  • Median Age37.70

Income/Financial

  • Average Household Income$79,245
  • Median Household Income$67,045
  • Median Income Under 25$54,231
  • Median Income 25-44$74,395
  • Median Income 45-64$78,039
  • Median Income Over 65$40,797

BROWSE OTHER PROPERTIES IN GARFIELD RIDGE

Check out the links below if you're interested in other types of properties for lease or for sale in Garfield Ridge:

Leasing Contacts Register now to add listings

Lawrence Goldwasser

Cushman & Wakefield

(312) 470-2323

Colin Green

Cushman & Wakefield

(312) 470-2322

Matt Cowie

Cushman & Wakefield

(312) 470-1872