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    16 W Ontario St Chicago, IL 60654

    For Lease
    $35 SF/Yr

    Versatile space in River North, suitable for office, retail, or medical.

    Property Features for 16 W Ontario St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1900

    Source: @PROPERTIES COMMERCIAL Agent IAN FEINERMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    River North Multi-Use Space

    This multi-room space is located on the second floor along Ontario Street in the River North area. The space features high ceilings and is suitable for various uses, including office, salon, med spa, retail, or gallery. Situated between State and Dearborn, it offers convenient access to both the Kennedy Expressway and Lake Shore Drive. The location is near hotels, restaurants, and shops, with Michigan Avenue within walking distance. The space includes multiple display windows facing south, providing natural light.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Avitec Yarn Store Lindsey Beauty Massage Spa Redhead Piano Bar Piano Bar PROPERTY TAX SOLUTIONS Attorney

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market 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
    -87.6287479
    Latitude
    41.8935265

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    FAQs

    What type of property is this?
    Office space - Versatile space in River North, suitable for office, retail, or medical.
    Where is this office space located?
    The property is located at 16 W Ontario St Chicago, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - High-ceiling office space in the heart of River North.; - Versatile space suitable for office, salon, med spa, retail, or gallery.; - Prime location between State and Dearborn, near Michigan Ave.
    (312) 506-0200
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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
    16 W Ontario St Chicago, IL 60654
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