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Office Building For Sale
For Sale
$700,000

416 W Ontario Street, Chicago, IL 60610

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.10 Acres
Days on Market473

Property Features for 416 W Ontario Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning OFFIC
Directions West On Ontario To 416
Subdivision CHI - Near North Side
Standard status Active
APN 17091270361236
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 45621

Utilities

Cooling system Central Air

Building Details

Year built 2003
Floors in Building 2
Listing Agency: Real People Realty
Listed By: Gary Alveranga · License #475178171
Added: May 6, 2025 Changed: Aug 19 Last Checked: Aug 21 at 12:06AM
MLS# 12283306

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This offering is for an office property presented as office units and office space, with zoning listed as OFFIC. The site totals approximately 0.0987 acres, and the property is being marketed for sale.

The address is 416 W Ontario Street, Chicago, IL 60610, in Cook County. Prospective buyers should verify all building and site specifics during due diligence, including the exact layout, square footage, and current improvements, as those details are not provided in the available information.

For tenants and owner-occupiers seeking an office-focused asset in an OFFIC-zoned setting, this can be a workable option depending on the desired space configuration and operating needs. For investors or developers, the property’s compact site size may be compatible with smaller-scale office strategies, subject to confirming feasibility and any zoning or permitting requirements. Interested parties should plan to review zoning compliance, physical condition, and use-by-right details tied to the OFFIC designation before moving forward.

Key Highlights

  • Year built: 2003
  • Central air conditioning

Property Analytics

Current Use

Kaleidoscope Group Business Management Consultant Hutch American Cafe ... Specialty Food Shop Boca Loca Cantina ... Restaurant KaleidoServe Child Welfare Organization

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Buffet Pet Grooming Service Adult Day Care Clothing & Fashion Store

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

16,090
Businesses Nearby

Demographics for 60610, IL

43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Zoned OFFIC and offered for sale, this Chicago office property suits a range of office users.
Where is this office units located?
The property is located at 416 W Ontario Street Chicago, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Year built: 2003; Central air conditioning
More about this property
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