Flexible Office
For Sale
$4,000,000
210 S Desplaines Street, Chicago, IL 60661
Commercial Sale, Chicago, IL
Property Size12,000 SF
Lot Size0.28 Acres
Price / SF$333.33
Days on Market93
Property Features for 210 S Desplaines Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OFFIC
Directions
SW corner of Desplaines & Adams. Entrance on Desplaines St. in the West Loop.
Subdivision
CHI - Near West Side
Standard status
Active
APN
17161090290000
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
301267
Utilities
Cooling system
Central Air
Amenities
Board Room
Conference Room
Kitchenette and Break Area
Building Details
Year built
1913
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Brick
Listing Agency:
MUV Real Estate
(312) 900-3429
Listed By:
Soharb Khan
(312) 599-6505
Added: Jul 7
Changed: Aug 20
Last Checked: Oct 7 at 3:06PM
MLS# 12697059
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.
Investment Insights
Based on property information with market context.
This one-story brick office property contains 12,000 SF and can be configured as separate 4,000 SF and 8,000 SF units. The larger suite includes 7 private offices, approximately 15 workstations, a 14-person board room, and 2 conference rooms. The smaller suite provides 3 private offices, an executive office, 1 conference room, a kitchenette, a break area, and approximately 4 workstations.
Indoor garage parking is available, with 06 -19 spaces offered. Built in 1913, the building features wood flooring and central air conditioning. The property is located at 210 S Desplaines Street in Chicago’s West Loop and is zoned OFFIC.
Indoor garage parking is available, with 06 -19 spaces offered. Built in 1913, the building features wood flooring and central air conditioning. The property is located at 210 S Desplaines Street in Chicago’s West Loop and is zoned OFFIC.
Key Highlights
- 12,000 SF one‑story office property divisible into 4,000 SF and 8,000 SF units
- Suite A includes 7 private offices, approximately 15 workstations, a 14‑person board room, and 2 conference rooms
- Suite B features 3 private offices, 1 executive office, 1 conference room, kitchenette, break area, and approximately 4 workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,472
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,149,440
$5.1M
Cap Rate 7%
$3,678,171
$3.7M
Cap Rate 9%
$2,860,800
$2.9M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$460.8K $38.40/SF
− Vacancy
−$117.5K −$9.79/SF
EGI
$343.3K $28.61/SF
− OpEx
−$85.8K −$7.15/SF
NOI
$257.5K $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%
$5,149,440
Cap Rate 7%
$3,678,171
Cap Rate 9%
$2,860,800
Alternative Uses
Best Use
Office B
$3.68M
$3.22M – $4.29M
NOI $257,472 @ 7.0% cap · market cap 6.44%
Second Best
Flex RnD
$1.98M
$1.73M – $2.31M
NOI $138,528 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$5.66M
$4.95M – $6.60M
NOI $396,058 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
21,863
Businesses Nearby
Explore this area
Business Placement
Demographics for 60661, IL
11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
Median Home Value
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Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Office units - One-story brick property with divisible suites, private offices, meeting rooms, workstations, and indoor garage parking.
Where is this office units located?
The property is located at 210 S Desplaines Street Chicago, IL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 12,000 SF one‑story office property divisible into 4,000 SF and 8,000 SF units; Suite A includes 7 private offices, approximately 15 workstations, a 14‑person board room, and 2 conference rooms; Suite B features 3 private offices, 1 executive office, 1 conference room, kitchenette, break area, and approximately 4 workstations
