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325 Huron St Chicago, IL 60654-3636

OFF-MARKET Office buildings Google Maps
125,400 SF 0.4 ac lot Built 1932
Entity Owned 28-yr Hold Free & Clear
Estimated value (blended)
$20.22M
Range $18.20M – $22.24M (±10%)
Property ID US28-2313528

Property summary

AI-generated overview

This exceptional 8,604 square foot commercial space, located at 325 W Huron St in Chicago's River North neighborhood, presents a unique opportunity. Situated at a signalized intersection with high visibility and pedestrian traffic (over 33,000 vehicles per day), this second-generation restaurant space boasts an open floor plan, a fully built-out kitchen, walk-in coolers, and 14-foot ceilings. A finished basement adds significant additional square footage. The landlord is open to subdividing the space to accommodate smaller tenants. The property is part of an eight-story loft office building, built in 1920, and benefits from C3-5 zoning, allowing for flexible use as retail, restaurant, office, or medical office space. Outdoor seating potential is available. Conveniently located steps from the Chicago/Franklin "L" station (Brown and Purple lines), this prime location offers excellent transit access and significant signage opportunities at the corner of Huron and Orleans Streets. The total building size is 121,014 square feet, with multiple tenants. Cook County location, zip code 60654. This property is an ideal location for businesses seeking high visibility and accessibility in a thriving urban environment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1932
Total area 125,400 SF
Lot 0.4 ac (17,236 SF)
APN 17-09-215-001
UPID US28-2313528

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Event Planning Wedding Service
  • Medical Clinic
  • Property Management Company
  • Business Management Consultant Business To Business Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$20.22M

Owner & transaction history

since 1998
7 recorded transactions
2022
Price N/A
2019
Price N/A
2008
Price N/A
1998
$100,000
1998
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $30.0M +57.2%
Apartment house (5+ units) $21.6M +13.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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