Loft Office
343 West Erie Street, Chicago, IL 60605
For Sale
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Exposed structure, high ceilings and broad column spacing also support a potential residential conversion.
Property Size82,979 SF
Lot Size0.32 Acres
Days on Market26
Property Features for 343 West Erie Street
General Information
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Additional Details
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Listing Agency:
CBRE - Chicago
Listed By:
Dominic Soltero · License IL 475.153308
(913) 909-9529
Source:
Crexi
Added: Oct 16
Changed: Nov 10
Last Checked: Nov 10 at 7:16AM
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
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Investment Insights
Based on property information with market context.
This 82,979 SF loft office building has efficient floor plates of approximately 12,500 SF, high ceilings, exposed structure and wide column bays. It is 52.98% leased, with ten vacant suites totaling 39,018 SF. The remaining weighted average lease term is approximately 2.05 years. The property occupies 13,948 SF of land and is zoned DX-7, with approximately 20,000–25,000 SF of residual FAR. Its physical layout may also accommodate an office-to-residential conversion strategy.
At 343 West Erie Street in Chicago’s River North area, the building is near the Chicago River corridor and the neighborhood’s dining and gallery district.
At 343 West Erie Street in Chicago’s River North area, the building is near the Chicago River corridor and the neighborhood’s dining and gallery district.
Key Highlights
- 82,979 SF loft office building on 13,948 SF of land
- 52.98% leased, with 39,018 SF of vacancy across ten suites
- Approximately 12,500 SF floor plates with high ceilings, exposed structure and wide column bays
Property Analytics
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Current Use
Lease Details
53%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
19,004
Businesses Nearby
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Business Placement
Demographics for 60605, IL
34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value
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Market
Properties on Market for Office buildings in Chicago
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Office building - Exposed structure, high ceilings and broad column spacing also support a potential residential conversion.
Where is this office building located?
The property is located at 343 West Erie Street Chicago, IL.
What are key features of this property?
This property features: 82,979 SF loft office building on 13,948 SF of land; 52.98% leased, with 39,018 SF of vacancy across ten suites; Approximately 12,500 SF floor plates with high ceilings, exposed structure and wide column bays
