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Fully Built-Out Office Endcap Suite
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400 E South Water St, Chicago, IL 60601

Western-end-cap office suite at the base of The Shoreham apartment building, fully built out for immediate occupancy.

Property Size4,918 SF
Days on Market645

Property Features for 400 E South Water St

General Information

Standard status Active
Size 4,918 SF
Property subtype RETAIL
Listing Agency: Frontline Real Estate Partners, LLC
Listed By: Matthew Tarshis · License #475156642
Source: Moodyscre
Added: Oct 24, 2024 Changed: Jul 25 Last Checked: Jul 29 at 3:54PM

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 Frontline Real Estate Partners, LLC

Investment Insights

Based on property information with market context.

This fully built-out office suite is located on the western end cap at the base of The Shoreham, a 1,156-unit apartment building. The space is presented as office-ready, with the interior completed for office use.

The suite sits within Lake Shore East, a 28-acre mixed-use community with extensive green and open space. The location places you steps from Michigan Avenue, the Chicago Riverwalk, Grant Park, Millennium Park, and Navy Pier.

The Shoreham is part of a broader high-rise environment within Lake Shore East, which also includes Chicago’s third largest skyscraper by number of stories at 93 floors.

Key Highlights

  • Western end‑cap office suite at the base of The Shoreham apartment building
  • Office suite is fully built out for immediate occupancy
  • The Shoreham is a 1,156‑unit apartment building

Property Analytics

Current Use

FlexxForce Inc. Business To Business Service Bortnick Consulting Engineering Consultant Parking Parking Lot & Garage SP+ Parking Parking Lot & Garage

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Adult Day Care Tanning Salon Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

18,871
Businesses Nearby

Demographics for 60601, IL

15,814
Population
10,727
Households
1.5
Avg Household Size
36
Median Age
86%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
39,535
Density / Sq Mi
$127,323
Median Household Income
$100,078
Median Earnings
$2,451
Median Rent
$495,400
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.06 /SF/Yr
Avg Asking Price
$6.41–$70 /SF/Yr
Price Range
15,999 SF
Avg Space Size

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Western-end-cap office suite at the base of The Shoreham apartment building, fully built out for immediate occupancy.
Where is this office units located?
The property is located at 400 E South Water St Chicago, IL.
What are key features of this property?
This property features: Western end‑cap office suite at the base of The Shoreham apartment building; Office suite is fully built out for immediate occupancy; The Shoreham is a 1,156‑unit apartment building
(847) 542-9058 Call to check price and availability
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