219 West Chicago Ave Chicago, IL 60654
Creative loft office in River North with redevelopment potential.
Property Features for 219 West Chicago Ave
General Information
- Standard status
- Active
Source:
Cbre
Listing Agent: Dominic Soltero
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
River North Creative Loft Office
This 19,615-square-foot property offers a creative loft office profile, catering to the creative and tech talent in River North. The property is centrally located and walkable to Old Town, the Gold Coast, and River West. Currently 61% leased, the property has 7,582 square feet of vacancy available. The current tenant roster is 23% under market rents for comparable assets. The property is strategically located near public transit, including the Chicago & LaSalle bus stop just outside the premises, and the Chicago CTA (Brown and Purple Lines) station, a 1-minute walk away. There are 12 on-site parking spaces in the rear of the property. Zoned DX-5 mixed-use, the property allows flexibility for future redevelopment. An owner/user opportunity exists on the 3rd Floor (3,318 SF) with potential for residential conversion.
Location Intelligence
Current Use by Public Records
Pangaea Information Technologies
(Bike/Boat/Book/etc) Store
Studio Fala Moves
Gym & Fitness Center
Michelle Cady Fitness
Gym & Fitness Center
ERIN MCGILL
Physician
Delos Strength
Gym & Fitness Center
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6350777
- Latitude
- 41.8963297
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Creative loft office in River North with redevelopment potential.
Where is this mixed-use property located?
The property is located at 219 West Chicago Ave Chicago, IL.
What are key features of this property?
This property features: - Opportunity to immediately boost NOI due to current tenant roster being 23% under market rents.; - Cash flowing asset with 61% occupancy and 6.6 Years of WALT.; - Rare **on-site parking with 12 spaces** in the rear of the property.
