River North Creative Loft
For Sale
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219 West Chicago Avenue, Chicago, IL 60654
Creative loft office in River North with redevelopment potential.
Property Size19,615 SF
Days on Market150
Property Features for 219 West Chicago Avenue
General Information
Standard status
Active
Size
19,615 SF
Property subtype
FlexIndustrial
Listing Agency:
CBRE | Chicago
(913) 909-9529
Listed By:
Dominic Soltero
(913) 909-9529
Source:
Cbre
Added: Mar 25
Changed: Aug 16
Last Checked: Aug 20 at 8:36AM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
This 19,615-square-foot property offers a creative loft office profile, catering to the creative and tech talent in River North. The property is centrally located and walkable to Old Town, the Gold Coast, and River West. Currently 61% leased, the property has 7,582 square feet of vacancy available. The current tenant roster is 23% under market rents for comparable assets. The property is strategically located near public transit, including the Chicago & LaSalle bus stop just outside the premises, and the Chicago CTA (Brown and Purple Lines) station, a 1-minute walk away. There are 12 on-site parking spaces in the rear of the property. Zoned DX-5 mixed-use, the property allows flexibility for future redevelopment. An owner/user opportunity exists on the 3rd Floor (3,318 SF) with potential for residential conversion.
Key Highlights
- Opportunity to immediately boost NOI due to current tenant roster being 23% under market rents.
- Cash flowing asset with 61% occupancy and 6.6 Years of WALT.
- Rare on‑site parking with 12 spaces in the rear of the property.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14,371
Businesses Nearby
Explore this area
Business Placement
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Creative loft office in River North with redevelopment potential.
Where is this mixed-use property located?
The property is located at 219 West Chicago Avenue Chicago, IL.
What are key features of this property?
This property features: Opportunity to immediately boost NOI due to current tenant roster being 23% under market rents.; Cash flowing asset with 61% occupancy and 6.6 Years of WALT.; Rare **on‑site parking with 12 spaces** in the rear of the property.
