One-Story Corner Flex Space with
210 S Desplaines Street Chicago, IL 60661
New
COMMERCIAL - Chicago, IL
Type:Office
Property size:
4,000 SFLot size:
0.09 AcresPrice / SF:
$349/SF- Added:
- Jul 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 10 at 1:06 pm
Property Features for 210 S Desplaines Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- OFFIC
- Standard status
- Active
- APN
- 17161090300000
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 96418
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1913
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Wood
- Building materials
- Brick
Listing agent Jesse Nocon (312) 599-6505
Listing office MUV Real Estate 1101 W. Lake St, Suite 602, Chicago, IL (312) 900-3429
Listing date Jul 9, 2026
MLS# 12700975
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.
One-story corner flex space at 210 S Desplaines Street offering a street entrance and flexible layout to support a range of commercial uses. The offering includes 2 indoor garage parking spaces, with additional indoor garage parking available (13 total). The current space is described as 4,000 SF, and the property can be combined with an additional 8,000 SF unit to suit larger needs. Zoning is listed as OFFIC.
The space is positioned for West Loop-area customers and can be presented for sale or lease. Interested parties should confirm configurations and availability details for both the standalone and combined options.
The space is positioned for West Loop-area customers and can be presented for sale or lease. Interested parties should confirm configurations and availability details for both the standalone and combined options.
Key Highlights
- 4,000 SF one‑story West Loop commercial space with a street entrance (sale or lease)
- Corner location in the West Loop with flexible space configuration for retail, showroom, office, or light industrial use
- Brick construction with wood flooring and central air
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.6k | $38.40 |
| − Vacancy | −$39.2k | −$9.79 |
| EGI | $114.4k | $28.61 |
| − OpEx | −$28.6k | −$7.15 |
| NOI | $85.8k | $21.46 |
4,000 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,824 @ 7.0% cap · market cap 6.13%
Second Best
Retail
$790.6K
$691.7K – $922.3K
NOI $55,339 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,019 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Deflorio Fashion Bridal
Clothing & Fashion Store
Vohra Sudesh MD
Physician
Harold Bregman, M.D.
Physician
Bleeding Disorders Alliance ...
Charitable Organization
Marco Pagani, M.D.
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Moe's Southwest Grill — 750 S Halsted St, Chicago, IL 60607
- LunchBots — 300 S Riverside Plaza, Chicago, IL 60606
- Sweet cheats — 1130 S Canal St #1410, Chicago, IL 60607
- Jarabe - Taqueria — 1104 W Taylor St, Chicago, IL 60607
- ComplEAT Cuisine CHI — 644 S Halsted St, Chicago, IL 60607
FAQs
What type of property is this?
Flex space - One-story corner commercial space with a street entrance, zoned OFFIC, offering indoor garage parking options.
Where is this flex space located?
The property is located at 210 S Desplaines Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 4,000 SF one‑story West Loop commercial space with a street entrance (sale or lease); Corner location in the West Loop with flexible space configuration for retail, showroom, office, or light industrial use; Brick construction with wood flooring and central air
