401 West Ontario St Chicago, IL 60654
48,000 SF multi-tenant office building in Chicago's River North.
Property size:
48,000 SFProperty Features for 401 West Ontario St
General Information
- Size
- 48,000 SF
Building Details
- Year built
- 1925
Source:
Frontlinerepartners
Listing Agent: Matthew Tarshis
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
River North Multi-Tenant Office Building
Located at 401 West Ontario Street in Chicago's River North neighborhood, this 48,000 SF multi-tenant office building contains 19 units. The property is zoned DX-7 and is 65% occupied. The building is suitable for commercial real estate investors seeking a value-add opportunity through lease-up and stabilization, or residential and mixed-use development. The property is located just north of the Ohio/Ontario exit/entrance ramp, providing direct access to the Kennedy Expressway. Several public transit routes are nearby, including the Merchandise Mart and Chicago Brown and Purple Line CTA 'L' Stations, and the Grand Blue and Red Line 'L' CTA stations. The surrounding area features national and local retailers, and the building is within walking distance of North Michigan Avenue. Neighboring retailers include East Bank Club, CVS/Pharmacy, Target, Binny's Beverage Depot, UPS Store, Ascend Cannabis, 7-Eleven, Mixed Greens, Mr. Beef, Erie Café, Portillo's, McDonald's, Subway, and Fairground Coffee. The River North neighborhood has a population of approximately 115,000 within one mile, with an average household income of over $148,000 within one mile.
Location Intelligence
Current Use by Public Records
Indie Cinema Academy
University
Blakely F.I.T. Inc.
Personal Trainer
Sonu Joseph, DPM
Podiatrist
The Chicago FIX
Chiropractor
Sargon B. Odisho, ...
Chiropractor
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.617333
- Latitude
- 41.8932026
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FAQs
What type of property is this?
Office building - 48,000 SF multi-tenant office building in Chicago's River North.
Where is this office building located?
The property is located at 401 West Ontario St Chicago, IL.
What are key features of this property?
This property features: - Value-add opportunity through lease-up/stabilization, or residential/mixed-use development due to DX-7 zoning.; - Located in the thriving River North neighborhood with high population density and affluent demographics.; - Excellent transportation access via Kennedy Expressway and multiple CTA 'L' stations.