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    400 E Randolph St, Unit 706 Chicago, IL 60601

    For Sale
    $270,000

    Commercial condominium in downtown Chicago's Lakeshore East neighborhood.

    Property Features for 400 E Randolph St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1963

    Source: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE Agent MUHAMMAD AKBIK

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Chicago Commercial Condo For Sale

    This commercial condominium is located in downtown Chicago's Lakeshore East / New Eastside neighborhood. The 1,130 square foot space is situated within a 40-story high-rise and is suitable for office, professional services, medical, showroom, or creative workspace. The suite features an open floor plan, abundant natural light, high ceilings, and a private kitchenette. Association amenities include 24-hour door staff, indoor parking (available for lease), an indoor pool, a fitness center, a sundeck, and direct access to Lakeshore East Park. The property is located near Millennium Park, Maggie Daley Park, Lake Michigan, the Riverwalk, Mariano's, and public transportation. The zoning is PD 70 - Mixed Use. It is suitable for owner-occupants or investors seeking a downtown business address with foot traffic and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ILCBA Association / Organization Berkshire Homes Inc Homes Matt Silver, Corcoran ... Real Estate Agent Chicago Asthma Consortium Doctor Seven Bar and Lounge Bar & Grill

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Food Market Clothing Store Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6166772
    Latitude
    41.8849954

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    FAQs

    What type of property is this?
    Office space - Commercial condominium in downtown Chicago's Lakeshore East neighborhood.
    Where is this office space located?
    The property is located at 400 E Randolph St, Unit 706 Chicago, IL.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: - Prime downtown Chicago location in Lakeshore East/New Eastside neighborhood.; - Flexible 1,130 SF commercial condominium suitable for various uses (office, medical, showroom, etc.).; - Full-amenity building with 24-hour door staff, indoor pool, fitness center, and sundeck.
    (312) 682-8500
    Request Owner's contact information
    400 E Randolph St, Unit 706 Chicago, IL 60601
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    Chicago, IL 60601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 E Randolph St, Unit 706 Chicago, IL 60601
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