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    One-Story Flex Building with Indoor Parking Title is generated by Realmo AI

    210 S Desplaines Street, Chicago, IL 60661

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    Claim this Listing
    New
    For Sale
    $4,000,000

    COMMERCIAL - Chicago, IL

    Type:Office
    Property size:
    12,000 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $333/SF
    Added:
    Jul 7, 2026
    Days on Market:
    3
    Last Refresh:
    Jul 9 at 10:06 am

    Property Features for 210 S Desplaines Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    OFFIC
    Standard status
    Active
    APN
    17161090290000
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    301267

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1913
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Brick

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    Soharb Khan

    Listing agent Soharb Khan

    Listing office MUV Real Estate 1101 W. Lake St, Suite 602, Chicago, IL

    Listing date Jul 7, 2026

    MLS# 12697059

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 12,000 SF one‑story West Loop commercial building for sale or lease
    • Space is divisible into 4,000 SF and 8,000 SF units
    • Indoors garage parking: 6–19 spaces available
    • Brick construction with wood flooring
    • Central air cooling
    • Year built: 1913

    Overview

    This one-story flex building offers a versatile commercial footprint totaling approximately 12,000 SF, with the ability to divide into two units of approximately 4,000 SF and 8,000 SF. The property is suited for a range of uses including retail, showroom, office, or light industrial, and is listed with available indoor garage parking spaces ranging from 6 to 19.

    Located at 210 S Desplaines Street in Chicago, the property is marketed as a West Loop commercial asset for sale or lease. Zoning is listed as OFFIC.

    The flexible layout and unit divisibility make this building practical for tenants and buyers seeking adaptable space rather than a single-purpose configuration. With on-site indoor garage parking available, it can also support businesses that value convenient, protected parking for staff and customers while operating in a mixed-use commercial environment.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $460.8k $38.40
    − Vacancy −$117.5k −$9.79
    EGI $343.3k $28.61
    − OpEx −$85.8k −$7.15
    NOI $257.5k $21.46
    12,000 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.68M
    $3.22M – $4.29M (±1% cap)
    NOI $257,472 @ 7.0% cap · market cap 6.44%
    Second Best
    Retail
    $2.37M
    $2.08M – $2.77M (±1% cap)
    NOI $166,018 @ 7.0% cap · market cap 4.15%
    Theoretical Best
    Office A
    $5.66M
    $4.95M – $6.60M (±1% cap)
    NOI $396,058 @ 7.0% cap · market cap 9.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Deflorio Fashion Bridal Clothing & Fashion Store Vohra Sudesh MD Physician Harold Bregman, M.D. Physician Bleeding Disorders Alliance ... Charitable Organization Marco Pagani, M.D. Physician

    Suggested Use

    Buffet Adult Day Care Clothing & Fashion Store Restaurant Nursing Home Tanning Salon Nursing Home Restaurant Clothing & Fashion Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Moe's Southwest Grill — 750 S Halsted St, Chicago, IL 60607
    • LunchBots — 300 S Riverside Plaza, Chicago, IL 60606
    • Sweet cheats — 1130 S Canal St #1410, Chicago, IL 60607
    • Jarabe - Taqueria — 1104 W Taylor St, Chicago, IL 60607
    • ComplEAT Cuisine CHI — 644 S Halsted St, Chicago, IL 60607

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6442838
    Latitude
    41.8791056

    FAQs

    What type of property is this?
    Flex space - Versatile one-story commercial building with divisible space and available indoor garage parking for office, retail, showroom, or light industrial users.
    Where is this flex space located?
    The property is located at 210 S Desplaines Street Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 12,000 SF one‑story West Loop commercial building for sale or lease; Space is divisible into 4,000 SF and 8,000 SF units; Indoors garage parking: 6–19 spaces available
    More about this property
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