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    201 S Ashland Ave Chicago, IL 60607

    For Sale
    $9,995,000

    Renovated landmark building in Chicago, ideal for diverse events.

    Property Features for 201 S Ashland Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1885

    Source: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE Agent JEFFREY PROCTOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Chicago Landmark Event Venue

    Located in the heart of Chicago, this fully renovated landmark building has been reimagined as a premier event destination. The property features a fusion of architectural grandeur and contemporary design. The structure has been updated, including the structural and mechanical systems and interior finishes. The property includes six distinct event spaces, both indoor and outdoor, that can accommodate from 20 to 500 guests. The venue is adaptable to weddings, corporate functions, art showcases, and concerts. At the heart of the property is a state-of-the-art concert hall. Smaller rooms offer backdrops filled with warmth and character for more personal occasions. Two fully built-out bar areas, one located just off the main hall (formerly a historic church space) and another on the upper level, add convenience and sophistication to any event. This venue is suited for black-tie affairs, team-building retreats, and gallery experiences.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Epiphany Center for the Arts Live Music Venue Church of the Epiphany Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6662743
    Latitude
    41.878683

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    FAQs

    What type of property is this?
    Wedding venue - Renovated landmark building in Chicago, ideal for diverse events.
    Where is this wedding venue located?
    The property is located at 201 S Ashland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $9,995,000.
    What are key features of this property?
    This property features: - Fully renovated, landmarked building in the heart of Chicago.; - Turnkey event space accommodating 20-500 guests.; - Six distinct indoor and outdoor event spaces.
    (312) 254-0200
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 S Ashland Ave Chicago, IL 60607
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