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    227 W Monroe St Chicago, IL 60606

    For Lease
    Contact for pricing

    Turnkey office space in Chicago's Loop, master lease until 2031.

    Property size:
    1,810,145 SF
    Lot size:
    1,810,145 SF

    Property Features for 227 W Monroe St

    General Information

    Size
    1,810,145 SF

    Building Details

    Year built
    1988

    Source: Perry Higa Agent Perry Higa

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

    Overview

    Furnished Office Space in Loop

    This furnished office space is located in The Franklin building on W Monroe St in Chicago's Loop district. The property offers a turnkey solution, allowing businesses to focus on their operations. A master lease is in place through November 30, 2031, providing stability. The Franklin is surrounded by restaurants, shops, and cultural attractions. Nearby destinations include Millennium Park, the Art Institute of Chicago, and the Chicago Riverwalk. Public transportation and major expressways are easily accessible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glanbia Nutritionals Inc Food Producer Blackwell Brys Cheryl Attorney Reiter Michael A Attorney Amazo Health Inc Corporate Office Zekelman Industries Manufacturer

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6347177
    Latitude
    41.8800255

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    FAQs

    What type of property is this?
    Office space - Turnkey office space in Chicago's Loop, master lease until 2031.
    Where is this office space located?
    The property is located at 227 W Monroe St Chicago, IL.
    What are key features of this property?
    This property features: - Prime location in Chicago's Loop district, surrounded by restaurants, shops, and cultural attractions.; - Master lease in place through November 30, 2031, providing long-term stability.; - Fully furnished office space, offering a turnkey solution.
    (630) 235-2980
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    227 W Monroe St Chicago, IL 60606
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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
    227 W Monroe St Chicago, IL 60606
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