Garden Office
New
For Sale
$290,000
5-217 W Huron St, Chicago, IL 60611
An approximately 800-square-foot suite includes a bathroom, kitchenette, office area, storage, and street-facing windows.
Property Size800 SF
Price / SF$362.50
Days on Market7
Property Features for 5-217 W Huron St
General Information
Standard status
Active
Size
800 SF
Additional Details
Floor
Garden Unit
Taxes and HOA fees
Annual Taxes
$7,008
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Chicago
Listed By:
Christine Cutrone · License #475164021
(630) 548-1800
Source:
Exprealty
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 4 at 2:03PM
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 Berkshire Hathaway HomeServices Chicago
Investment Insights
Based on property information with market context.
This garden-level office unit measures approximately 800 square feet and has some windows facing the street. Its current layout includes an office area, storage, a kitchenette, and a bathroom. The space is leased to the restaurant located above it.
The building also contains a beauty salon and residential loft condominiums on Huron Street. Restaurants, nightlife, galleries, retail, and residential development are among the surrounding uses.
The building also contains a beauty salon and residential loft condominiums on Huron Street. Restaurants, nightlife, galleries, retail, and residential development are among the surrounding uses.
Key Highlights
- Approximately 800 SF of garden‑level office space
- Some street‑facing windows
- Includes a bathroom, kitchenette, office area, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,165
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,300
$343.3K
Cap Rate 7%
$245,214
$245.2K
Cap Rate 9%
$190,722
$190.7K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$30.7K $38.40/SF
− Vacancy
−$7.8K −$9.79/SF
EGI
$22.9K $28.61/SF
− OpEx
−$5.7K −$7.15/SF
NOI
$17.2K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,300
Cap Rate 7%
$245,214
Cap Rate 9%
$190,722
Alternative Uses
Best Use
Office B
$245.2K
$214.6K – $286.1K
NOI $17,165 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,404 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
27,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 60611, IL
38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
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?
Office units - An approximately 800-square-foot suite includes a bathroom, kitchenette, office area, storage, and street-facing windows.
Where is this office units located?
The property is located at 5-217 W Huron St Chicago, IL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Approximately 800 SF of garden‑level office space; Some street‑facing windows; Includes a bathroom, kitchenette, office area, and storage
