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Value-Add Office Building
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112 N May St, Chicago, IL 60607

Office building with in-place income and 26 parking spaces in an adjacent lot.

Property SizeContact for details
Days on Market150

Property Features for 112 N May St

General Information

Standard status Active
Total Parking Spaces 26
Property subtype Office
Listing Agency: SVN | Chicago Commercial
Listed By: Scott Maesel · License #IL 471005379
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 8:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

This value-add office building benefits from in-place income and offers the opportunity to increase revenue through completion of lease-up.

The property is within walking distance of the CTA Morgan station and the Metra/Amtrak services at Union Station or Ogilvie Transportation Center. It also includes a total of 26 parking spaces in an adjacent lot.

The building is located within an area surrounded by high-profile corporate headquarters, including McDonald’s and Google, as well as numerous large-scale developments.

Key Highlights

  • Value‑add office property with in‑place income and potential to increase revenue through lease‑up
  • Walking distance to CTA Morgan station and Metra/Amtrak at Union Station or Ogilvie Transportation Center
  • Includes 26 parking spaces in an adjacent lot

Property Analytics

Current Use

Coates Group Corporate Office Carr Realty Advisors Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Veterinary Clinic Buffet Restaurant Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,187
Businesses Nearby

Demographics for 60607, IL

31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building with in-place income and 26 parking spaces in an adjacent lot.
Where is this office building located?
The property is located at 112 N May St Chicago, IL.
What are key features of this property?
This property features: Value‑add office property with in‑place income and potential to increase revenue through lease‑up; Walking distance to CTA Morgan station and Metra/Amtrak at Union Station or Ogilvie Transportation Center; Includes 26 parking spaces in an adjacent lot
(312) 676-1866 Call to check price and availability
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