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West Loop Office Condo Investment
For Sale
$130,000

216 S Jefferson St, Chicago, IL 60661

Office condo in premier location, leased through August 2028.

Property Size1,100 SF
Price / SF$118.18
Days on Market168

Property Features for 216 S Jefferson St

General Information

Standard status Active
Size 1,100 SF
Class B
Property subtype Office

Building Details

Building Size 1,100 SF
Year Built 1895
Listing Agency:
Listed By: Christian Peppler
Source: Svn
Added: Mar 5 Changed: Aug 8 Last Checked: Aug 8 at 6:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christian Peppler

Investment Insights

Based on property information with market context.

This rarely available office condo is located in Chicago’s West Loop neighborhood, offering an investment opportunity in a premier location. The West Loop is a dynamic and highly sought-after neighborhood known for its transformation from a former industrial hub into a vibrant urban center. The property is situated just west of the Chicago River, providing accessibility to the Central Business District (the Loop) and major transportation arteries, including the CTA 'L' trains (Green, Pink, and Blue Lines) and Ogilvie and Union train stations. It is located 0.2 miles from Union Station and 0.4 miles from Ogilvie Transportation Center, with proximity to I-290 & I-90. The unit is 1,100 square feet and leased through August 2028, with annual rent increases. It is part of a 5,900 square foot lower level office condo portfolio and benefits from on-site building management. Abundant paid and metered parking is available.

Key Highlights

  • Long‑term lease in place through August 2028, providing immediate income.
  • Prime West Loop location, a highly desirable and rapidly growing area of Chicago.
  • Excellent transportation access to Union Station, Ogilvie Transportation Center, CTA 'L' lines, I‑290, and I‑90.

Property Analytics

Current Use

Prodesign Software Marketing & Advertising Settlement Advisors Financial Advisor Iatse Local 110 Association Or Organization International Cinematographers Guild Advocacy Group Yakkety Yak LLC Advertising Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Clothing & Fashion Store Adult Day Care Restaurant Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

25,147
Businesses Nearby

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

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office condo in premier location, leased through August 2028.
Where is this office units located?
The property is located at 216 S Jefferson St Chicago, IL.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Long‑term lease in place through August 2028, providing immediate income.; Prime West Loop location, a highly desirable and rapidly growing area of Chicago.; Excellent transportation access to Union Station, Ogilvie Transportation Center, CTA 'L' lines, I‑290, and I‑90.
More about this property
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