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Property Description
NEWLY RENOVATED OFFICE - professional offices /medical /spa/ beauty /hair/workshop/- pilates - yoga - warehouse - design center - Commercial condo in the Outer Drive East Condominium building. Lake View -The unit has been completely gutted, concrete to concrete - drywall/plaster to drywall/plaster: new lights, new ceilings, new floors, newly resurfaced walls, new LVP flooring. Owners have the right to use the building amenities. Building amenities include a 5-star "resort-like" health club and spa. Basketball, racquetball, ping-pong, free weights, machine weights, cardio, winter garden, child's playroom, famous geodesic year-round sunny pool, saunas, and steam rooms. Building amenity features new multi-function room with an open kitchen and media space. Property has a covenant of a "do not compete" regarding real estate services. Parking is 220/mo reserved and (4) people have full use of amenities. Discounted parking tickets are sold to owners to sell/give to clients and customers. Zoning advisory letter in documents. Zoned for almost anything. ask attorney to review zoning letter.
Full Property Details
Full Property Details for MLS# 12424116
General
- Price: $34
- Status: Active
- Type: Commercial Lease
- Source: MRED
- MLS ID: 12424116
- Updated: 2/9/2026
- Added to Site: 259 day(s) ago
Interior
- Flooring: Vinyl
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s), Hydrants on Site
Location
- Area: CHI - Loop
- County: Cook
- Driving Directions: Michigan ave to Randolph - East on UPPER Randolph to end - at 400 E Randolph When turning on Randolph -Must go up the ramp on the right side to UPPER Randolph
- Location Details: Downtown Chicago, Lakefront, Water View, Public Transport Avail, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Radiators
Structural Information
- Construction: Brick, Concrete, Steel Siding, Divisible
- Exterior Const.: Brick, Concrete, Steel Siding, Divisible
- Drive-In Doors: 1
- # Loading Docks: 1
- Sub-Flooring: Vinyl
- Stories/Levels: 40
- Square Feet: 940
- Current Bldg. Use: Commercial, Condominium, Office, Development, Medical/Dental
- Year Built: 1963
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 156,000
- Frontage: City Street
- Potential Use: Commercial, Office, Development, Retail, Special Use, Other
- Zoning: PUD
Financial Considerations
- Lease Price: $34
- For Sale/Rent/Lease: For Rent Only
- Security Deposit: Alarm On Site, Fire Extinguisher/s, Hydrants On Site
- Assessment Year: 1963
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Repairs
Listed by Berkshire Hathaway HomeServices Chicago
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Schools
Schools serving MLS# 12424116
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ogden Elementary School 24 West Walton Street, Chicago, IL 60610 | K-8 | 1.3 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for MLS# 12424116
Date
Details
Price
Change
Source
7/17/2025
Listed
$34
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# 12424116
MLS# 12424116, Chicago, IL 60601 (MLS# 12424116) is a Commercial Lease property. MLS# 12424116 is currently listed for $34 and was received on July 17, 2025. Want to learn more about MLS# 12424116? Do you have questions about finding other Commercial Lease real estate for sale in The Loop? You can browse all The Loop real estate or contact a Coldwell Banker agent to request more information.

