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West Loop Office Condo Opportunity
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216 S Jefferson St Unit LL3, Chicago, IL 60607

2,200 SF office condo in Chicago's West Loop.

Property Size2,200 SF
Price / SF$118.18
Days on Market200

Property Features for 216 S Jefferson St Unit LL3

General Information

Standard status Active
Size 2,200 SF
Class B
Property subtype Office
Zoning DX-7
Lease Type NNN
Investment Type Owner/User

Building Details

Year Renovated 2020
Listing Agency: SVN | Chicago Commercial
Listed By: Christian Peppler · License #IL 475152802
Source: Crexi
Added: Jan 22 Changed: Aug 8 Last Checked: Aug 8 at 6:39AM

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

This 2,200 SF office condo is available for sale in Chicago’s West Loop neighborhood. The unit is suitable for investors and owner-users seeking a long-term asset in a prime location. The condo is mostly open and can be reconfigured into a variety of layouts. It offers investors an affordable entry point into the West Loop’s historically strong office market and presents owner/users the opportunity to bypass rising lease costs and build equity in an excellent location. The property provides a secure and accessible environment with 24-hour access, a state-of-the-art intercom and buzzed entry system, and on-site building management. Abundant paid and metered parking options are available. The property is located in Chicago's West Loop, a dynamic and highly sought-after neighborhood. The property is situated just west of the Chicago River, offering 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 situated 0.2 miles from Union Station, 0.4 miles from Ogilvie Transportation Center, and in proximity to I-290 & I-90.

Key Highlights

  • Premier West Loop location, highly sought‑after and accessible.
  • Spacious 2,200 SF condo, mostly open and easily reconfigurable.
  • Excellent accessibility to transportation: CTA 'L' trains, Union Station, Ogilvie Transportation Center, I‑290 & 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 60607, IL

31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - 2,200 SF office condo in Chicago's West Loop.
Where is this office units located?
The property is located at 216 S Jefferson St Unit LL3 Chicago, IL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Premier West Loop location, highly sought‑after and accessible.; Spacious 2,200 SF condo, mostly open and easily reconfigurable.; Excellent accessibility to transportation: CTA 'L' trains, Union Station, Ogilvie Transportation Center, I‑290 & I‑90.
More about this property
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