Bi-Level Office
New
For Sale
$1,195,000
200 W Superior Street, Chicago, IL 60654
Commercial Sale, Chicago, IL
Property Size2,500 SF
Lot Size0.03 Acres
Price / SF$478
Days on Market1
Property Features for 200 W Superior Street
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
NWC of Wells and Superior
Subdivision
CHI - Near North Side
Standard status
Active
APN
17092020251003
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
33993
Utilities
Cooling system
Central Air
Amenities
arched windows
polished concrete floors
glass-railed staircase
central air
Building Details
Year built
1995
Floors in Building
4
Number of units
1
Building materials
Brick
Listing Agency:
Compass
(773) 482-1917
Listed By:
Quentin Green III
Added: Oct 19
Last Checked: Oct 19 at 8:06PM
MLS# 12783970
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,500 SF office unit at 200 W. Superior Street is arranged across two levels. The first floor includes reception, open workspace, a private office, and a conference room; the lower level adds another meeting room, lounge, kitchenette, print area, storage, and open work space. Interior details include arched windows, polished concrete flooring, and a glass-railed staircase. The building was constructed in 1995 and has brick construction, central air, and wet sprinklers.
The property is at the northwest corner of Wells and Superior in Chicago’s River North area. DX-5 zoning is designated for the site.
The property is at the northwest corner of Wells and Superior in Chicago’s River North area. DX-5 zoning is designated for the site.
Key Highlights
- 2,500 SF of office space across two levels
- DX‑5 zoning
- Reception, open workspace, private office, and conference room on the main floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,640
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,800
$1.1M
Cap Rate 7%
$766,286
$766.3K
Cap Rate 9%
$596,000
$596.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$96.0K $38.40/SF
− Vacancy
−$24.5K −$9.79/SF
EGI
$71.5K $28.61/SF
− OpEx
−$17.9K −$7.15/SF
NOI
$53.6K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,800
Cap Rate 7%
$766,286
Cap Rate 9%
$596,000
Alternative Uses
Best Use
Office B
$766.3K
$670.5K – $894.0K
NOI $53,640 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,512 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
24,227
Businesses Nearby
Explore this area
Business Placement
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Office unit - Two floors provide a mix of work areas, meeting rooms, and dedicated support space.
Where is this office unit located?
The property is located at 200 W Superior Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 2,500 SF of office space across two levels; DX‑5 zoning; Reception, open workspace, private office, and conference room on the main floor
