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    229 S Jefferson St Chicago, IL 60661

    For Lease
    $18 SF/Yr

    Street-level suite ideal for retail or office use near Union Station.

    Property Features for 229 S Jefferson St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2009

    Source: FULTON GRACE REALTY Agent DENNIS COHN

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

    Overview

    Modern Retail/Office Space Near Station

    This modern street-level suite offers approximately 1,200 square feet of space suitable for retail or office use. The property is located off the corner of Quincy and Jefferson, providing high visibility with significant foot and vehicle traffic. The space is characterized by high ceilings, large windows that provide abundant natural light, and skyline views. A private in-unit bathroom is included. Ample street parking is available. The location is one block from Union Station and near CTA bus, L-train, and Amtrak, as well as close to I-90/94 and I-290 expressways. The space is suitable for a range of business needs, including retail, office, showroom, or studio.
    Location Intelligence

    Current Use by Public Records

    One Body Chicago Fitness Center

    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
    -87.6420987
    Latitude
    41.8783304

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    FAQs

    What type of property is this?
    Retail space - Street-level suite ideal for retail or office use near Union Station.
    Where is this retail space located?
    The property is located at 229 S Jefferson St Chicago, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: High-visibility street-level space just steps from Union Station.; - Flexible Use: Suitable for retail, office, showroom, or studio.; - Modern Features: High ceilings, large windows, abundant natural light, and skyline views.
    (773) 698-6648
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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
    229 S Jefferson St Chicago, IL 60661
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