Leased Office Building with Flexible
73 W Monroe St Chicago, IL 60603
For Sale
Contact for pricing
Office space is fully leased to Expansive under a 10-year net and modified gross structure with 3% annual increases.
Days on Market104
Property Features for 73 W Monroe St
General Information
- Standard status
- Active
- Property subtype
- Mixed Use
Listing Agency:
Greenstone Partners
(312) 234-0360
Listed By:
Jason St. John · License #IL 475142612
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 4:39AM
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 Greenstone Partners
Investment Insights
Based on property information with market context.
The property offers substantial tenant-backed income through a fully leased office arrangement with Expansive under a 10-year lease. The lease is structured as both net and modified gross, designed to shelter the investor from potential increases in real estate taxes and expense growth, while providing for strong 3% annual increases. The tenant also has made significant capital investments since opening in this location, including a new build-out and improvements involving heavy power and HVAC supply. The lease further provides flexibility in that the landlord can terminate Expansive’s lease on a floor-by-floor basis, creating the opportunity to re-tenant or accommodate an owner-occupier.
The building is positioned along highly trafficked East-West Monroe Street with visibility from the Monroe and Clark/Monroe intersection (22,500 vehicles per day) and is directly across from Chicago’s Chase Tower and Plaza. The property is also described as highly walkable and transit-accessible, with the CTA Red Line and Blue Line located nearby and bus routes 20 and 22 reported within 0.1 miles. A separate retail component is referenced as being paid under net lease terms through March 2026, with Pret A Manger continuing payments after closing Chicago operations.
The building is positioned along highly trafficked East-West Monroe Street with visibility from the Monroe and Clark/Monroe intersection (22,500 vehicles per day) and is directly across from Chicago’s Chase Tower and Plaza. The property is also described as highly walkable and transit-accessible, with the CTA Red Line and Blue Line located nearby and bus routes 20 and 22 reported within 0.1 miles. A separate retail component is referenced as being paid under net lease terms through March 2026, with Pret A Manger continuing payments after closing Chicago operations.
Key Highlights
- Office space fully leased to Expansive under a 10‑year lease with 3% annual increases.
- Lease structure includes net and modified gross terms that shelter the investor from potential real estate tax and expense growth.
- Expansive invested $3.5M+ (over $100/SF) in build‑out since opening 9 years ago, including new build out plus heavy power and HVAC supply.
Property Analytics
Location Intelligence
Current Use by Public Records
Assignment Desk
Film Production
Carey Center for Justice
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(Bike/Boat/Book/etc) Store
STA USA, inc.
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FAQs
What type of property is this?
Coworking space - Office space is fully leased to Expansive under a 10-year net and modified gross structure with 3% annual increases.
Where is this coworking space located?
The property is located at 73 W Monroe St Chicago, IL.
What are key features of this property?
This property features: Office space fully leased to Expansive under a 10‑year lease with 3% annual increases.; Lease structure includes net and modified gross terms that shelter the investor from potential real estate tax and expense growth.; Expansive invested $3.5M+ (over $100/SF) in build‑out since opening 9 years ago, including new build out plus heavy power and HVAC supply.
