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    540 E Ohio St Chicago, IL 60654

    For Lease
    $22 SF/Yr ($9,166 /Mo)

    Office space

    Property size:
    5,000 SF
    Lot size:
    0.41 Acres

    Property Features for 540 E Ohio St

    General Information

    Size
    5,000 SF
    Lot size
    0.41 Acres

    Source: Jameson Commercial Agent Brent Burden

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

    Overview

    - 3,800 SF Storefront Retail or Office. Authentic Brick & Timber Loft with 12' Ceilings and Open Work Spaces. Storefront Entrances with Large Display Windows on Ohio Street Across from Navy Pier in the Heart of Streeterville.
    - 1,000 to 10,000 SF of Artist Workspace or Storage Located on the Lower Level.
    - Parking Available
    - 1st Floor - Suite 102 | Office/Retail
    - 3,800 SF
    - $22.00 SF/yr NNN
    - $14.70/SF RE Tax and CAM combined
    Insight Report Location Intelligence

    Current Use by Public Records

    540 Cleaners Cleaners

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6151258
    Latitude
    41.8924491

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    FAQs

    Where is this office space located?
    The property is located at 540 E Ohio St Chicago, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Prime Streeterville location across from Navy Pier.; - 3,800 SF storefront retail or office space on the 1st floor.; - Authentic brick & timber loft with **12' ceilings and open work spaces**.
    (312) 216-8000
    Request Owner's contact information
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    Chicago, IL 60654
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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
    540 E Ohio St Chicago, IL 60654
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