Fee Simple Parking
For Sale
Contact for pricing
221 E Chestnut St, Chicago, IL 60611
Fee simple 127-space parking garage positioned within the Magnificent Mile district of downtown Chicago.
Property SizeContact for details
Days on Market124
Property Features for 221 E Chestnut St
General Information
Standard status
Active
Total Parking Spaces
127
Property subtype
Special Purpose, Retail
Listing Agency:
JNL Parking
Listed By:
John Roy · License #TX 651554
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 10:20AM
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 JNL Parking
Investment Insights
Based on property information with market context.
JNL Parking offers the opportunity to acquire 221 E Chestnut St, a 100% fee simple parking garage with 127 spaces. The asset is presented as a parking facility designed to serve downtown demand drivers.
The garage is located less than 300 feet from The Hancock Tower Building and Water Tower Place, and about 500 feet from Michigan Avenue. Additional nearby demand generators referenced in the offering include Northwestern University downtown Chicago and major medical facilities, including The Lurie Children’s Hospital and Northwestern Memorial Hospital, two blocks south.
The property is being offered for sale as a parking garage with an irreplaceable downtown location, positioned to support multiple streams of parking utilization.
The garage is located less than 300 feet from The Hancock Tower Building and Water Tower Place, and about 500 feet from Michigan Avenue. Additional nearby demand generators referenced in the offering include Northwestern University downtown Chicago and major medical facilities, including The Lurie Children’s Hospital and Northwestern Memorial Hospital, two blocks south.
The property is being offered for sale as a parking garage with an irreplaceable downtown location, positioned to support multiple streams of parking utilization.
Key Highlights
- 100% fee simple 127‑space parking garage in downtown Chicago’s Magnificent Mile district
- Located less than 300 feet from The Hancock Tower and Water Tower Place
- About 500 feet from Michigan Avenue with nearby shopping and dining
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24,043
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60611, IL
38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Fee simple 127-space parking garage positioned within the Magnificent Mile district of downtown Chicago.
Where is this parking lot & garage located?
The property is located at 221 E Chestnut St Chicago, IL.
What are key features of this property?
This property features: 100% fee simple 127‑space parking garage in downtown Chicago’s Magnificent Mile district; Located less than 300 feet from The Hancock Tower and Water Tower Place; About 500 feet from Michigan Avenue with nearby shopping and dining
