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58 East Cermak Road

South Loop, Chicago, IL
Total Size
80,000 sqft
Lot Size
40,000 sqft
Year Constructed


Parking Garage

About 58 East Cermak Road

Located at its 58 East Cermak Road Address in Chicago, Illinois, this building presents a great opportunity to rent office space in an up-and-coming area. This four-story building, built in 1920, measures 80,000 square feet.

This building is truly a chance to get in at the ground floor. This property is situated two blocks from the proposed DePaul Arena and a proposed hotel development. This structure is absolutely brimming with potential and potential tenants have an opportunity to get this property when the neighborhood is on its way up.

In addition to the coming amenities and local attractions near the building, including a proposed CTA green line stop two blocks away, this building is currently able to be accessed by the Metra train station, Lake Shore Drive, Michigan Avenue, the Stevenson Expressway and Cermak Road.

The exterior of this building is warehouse-style brick and stone. Also, the fa├žade is lined with windows to let in natural light and provide a view of the tree-lined street.

Internet Providers for 58 East Cermak Road

Provider Technology Max Download Speed Max Upload Speed
RCN and RCN Business Solutions Fiber
10 Gb/s
10 Gb/s
Zayo Broadband Fiber
10 Gb/s
10 Gb/s
AT&T Illinois DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: South Loop

Most listings are in the $30's per square foot per year. The South Loop region is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decrease in rent.

Compared to the rest of the Chicagoland market, the South Loop region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Median Rate Median Size
South Loop $30
Median Rate Median Size
Chicagoland $23

Median Rate over Time in South Loop