For sale
Office Units
IL
Chicago
1355 W Washington Blvd

Move-In Ready West Loop Space

1355 W Washington Blvd, Chicago, IL

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For Sale

Contact for pricing

Modern office/retail space in a dynamic, thriving West Loop location.

Type:RETAIL

Property size:

959 SF

Lot size:

0.29 Acres

Price / SF:

$401/SF

HighLights

Move‑in ready office/retail space in the desirable West Loop.
Prime location near Fulton Market, surrounded by restaurants, retail, corporate offices, and residential condos.
C1‑3 zoning allows for various office and retail uses.
Features two offices, kitchenette, restroom, storage, and central open area.
Located in a dynamic neighborhood known for trendy restaurants, nightlife, and a thriving art scene.
Convenient public transportation and proximity to downtown Chicago.

We can help!

Listing Contact

Tuyen Nguyen

Learn more

For Sale

Contact for pricing

Modern office/retail space in a dynamic, thriving West Loop location.

Type:RETAIL

Property size:

959 SF

Lot size:

0.29 Acres

Price / SF:

$401/SF

Added:: Jun 12, 2024
Days on Market:: 730
Last Refresh:: May 20 at 8:01 pm

Property Features for 1355 W Washington Blvd

General Information

Standard status: Active
Size: 959 SF
Lot size: 0.29 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Tuyen Nguyen

Listing agent Tuyen Nguyen License #471006001

Listing office CRER

Listing date Jun 12, 2024

Source Moodyscre

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 CRER

HighLights

Move‑in ready office/retail space in the desirable West Loop.
Prime location near Fulton Market, surrounded by restaurants, retail, corporate offices, and residential condos.
C1‑3 zoning allows for various office and retail uses.
Features two offices, kitchenette, restroom, storage, and central open area.
Located in a dynamic neighborhood known for trendy restaurants, nightlife, and a thriving art scene.
Convenient public transportation and proximity to downtown Chicago.

Overview

This modern, move-in-ready office/retail space features two offices, a kitchenette, a restroom, storage, and a central open area. The property is located in the desirable West Loop, near the vibrant Fulton Market area, which is known for its restaurants, retail shops, corporate offices, and residential condos. The West Loop is one of Chicago’s most dynamic neighborhoods, known for its trendy restaurants, lively nightlife, and thriving art scene. The area is home to many tech companies, making it a hub for innovation and business. Its blend of historic charm and modern development makes it a popular destination for both locals and visitors. The convenient public transportation and proximity to downtown add to its appeal. The C1-3 zoning allows for various office and retail uses. In addition to its commercial appeal, the West Loop offers a strong sense of community with numerous parks, green spaces, and cultural institutions. Residents and businesses alike benefit from the neighborhood’s vibrant atmosphere and the many events and activities held throughout the year. The property has a size of 959 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$36.8k	$38.40
− Vacancy	−$9.4k	−$9.79
EGI	$27.4k	$28.61
− OpEx	−$6.9k	−$7.15
NOI	$20.6k	$21.46

959 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$293.9K

$257.2K – $342.9K (±1% cap)

NOI $20,576 @ 7.0% cap · market cap 5.34%

Second Best

Retail

$189.5K

$165.9K – $221.1K (±1% cap)

NOI $13,268 @ 7.0% cap · market cap 3.45%

Theoretical Best

Office A

$452.2K

$395.7K – $527.5K (±1% cap)

NOI $31,652 @ 7.0% cap · market cap 8.22%

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

Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6618
Latitude: 41.8826

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For sale
Office Units
IL
Chicago
1355 W Washington Blvd

What type of property is this?

Office units - Modern office/retail space in a dynamic, thriving West Loop location.

Where is this office units located?

The property is located at 1355 W Washington Blvd Chicago, IL.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: Move‑in ready office/retail space in the desirable West Loop.; Prime location near Fulton Market, surrounded by restaurants, retail, corporate offices, and residential condos.; C1‑3 zoning allows for various office and retail uses.

1355 W Washington Blvd, Chicago, IL

Modern office/retail space in a dynamic, thriving West Loop location.

Property Features for 1355 W Washington Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

West Town Corner Retail Space

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Chicago Commercial Buildings For Sale

Chicago Commercial Space for Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

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