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    416 W Ontario St Chicago, IL 60610

    New
    For Sale
    $905,000

    Condominium - Chicago, IL

    Type:Condominium
    Property size:
    4,500 SF
    Days on Market:
    6
    Last Refresh:
    Dec 13 at 12:06 pm

    Property Features for 416 W Ontario St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Condominium
    Standard status
    Active
    Zoning
    OFFIC
    APN
    17091270361236
    Size
    4,500 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Architectural style
    Other

    Real People Realty (708) 634-0103 [email protected]

    Listing agent Gary Alveranga (708) 634-0103 License #475178171

    Listing date Dec 8, 2025

    MLS# 12283306 Listing URL

    Copyright © 2025 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.

    Overview

    River North Commercial Condominium

    This prime ground floor commercial space is located within a larger mixed-use building in the River North area, situated in a family-friendly neighborhood. The location offers convenient access to a major highway, stores, and restaurants. The space encompasses a reception area on the first floor, 15 cubicles, 4 workstations, and a large conference room. There are also 3 bathrooms, all of which are handicap accessible. The first floor features a recently renovated kitchen equipped with newer cabinets and crown molding. A handicap lift provides access to the second floor. The second level, accessible via a few flights of stairs, includes 7 private offices, 2 large conference rooms, and a teaming room. The property offers approximately 4500 square feet of space and is zoned OFFIC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kaleidoscope Group Business Management Consultant Hutch American Cafe ... Coffee Store Boca Loca Cantina ... Mexican Restaurant KaleidoServe Youth Organization

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.638991
    Latitude
    41.893364

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    FAQs

    What type of property is this?
    Office space - Prime commercial space in River North, Chicago.
    Where is this office space located?
    The property is located at 416 W Ontario St Chicago, IL.
    What is the asking price?
    The asking price for this property is $905,000.
    What are key features of this property?
    This property features: - Prime ground floor commercial space in River North area.; - Equipped with **15 cubicles, 4 workstations, and multiple conference rooms**.; - Includes 7 private offices and a teaming room on the upper level.
    (708) 634-0103
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    416 W Ontario St Chicago, IL 60610
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    Chicago, IL 60610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    416 W Ontario St Chicago, IL 60610
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