Office Suite with
For Sale
$2,699,000
210 S Desplaines Street, Chicago, IL 60661
Commercial Sale, Chicago, IL
Property Size8,000 SF
Lot Size0.18 Acres
Price / SF$337.38
Days on Market107
Property Features for 210 S Desplaines Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
COMMR
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
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
204849
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 Agency:
MUV Real Estate
(312) 900-3429
Listed By:
Jesse Nocon
(312) 599-6505
Added: Jul 8
Changed: Oct 20
Last Checked: Oct 22 at 12:06AM
MLS# 12699721
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 8,000-square-foot office unit is configured with 7 private offices, approximately 15 workstations, a 14-person boardroom, and 2 conference rooms. The one-story corner space has brick construction, wood flooring, and central air. Four indoor garage parking spaces are included. The unit may be combined with a 4,000-square-foot unit to expand the available configuration.
Located in Chicago’s West Loop, the property was built in 1913 and is zoned COMMR.
Located in Chicago’s West Loop, the property was built in 1913 and is zoned COMMR.
Key Highlights
- 8,000 SF office unit
- 7 private offices and approximately 15 workstations
- 14‑person boardroom and 2 conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,648
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,432,960
$3.4M
Cap Rate 7%
$2,452,114
$2.5M
Cap Rate 9%
$1,907,200
$1.9M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$307.2K $38.40/SF
− Vacancy
−$78.3K −$9.79/SF
EGI
$228.9K $28.61/SF
− OpEx
−$57.2K −$7.15/SF
NOI
$171.6K $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%
$3,432,960
Cap Rate 7%
$2,452,114
Cap Rate 9%
$1,907,200
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,648 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,038 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
21,863
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office unit - The one-story corner space includes private offices, shared work areas, and indoor garage parking.
Where is this office unit located?
The property is located at 210 S Desplaines Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: 8,000 SF office unit; 7 private offices and approximately 15 workstations; 14‑person boardroom and 2 conference rooms
