Office Unit with Exposed
For Sale
Contact for pricing
900 W Jackson Boulevard Suite 7E, Chicago, IL 60607
Professional office condominium with private offices, conference facilities, kitchen, restrooms, reception space, and dedicated parking.
Property Size2,131 SF
Price / SF$398.40
Days on Market52
Property Features for 900 W Jackson Boulevard Suite 7E
General Information
Standard status
Active
Size
2,131 SF
Total Parking Spaces
1
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
7
Office Units
1
Building Details
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Mike Wolson · License #475.168.248
(773) 482-1917
Source:
Crexi
Added: Sep 2
Changed: Oct 10
Last Checked: Oct 20 at 6:22PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This owner-user office condominium comprises approximately 2,131 square feet with a layout suited to professional office operations. The suite includes seven private offices, a conference room, full kitchen, two restrooms, and a reception and waiting area. Exposed brick, timber ceilings, oversized windows, and natural light add distinctive character, while HVAC was installed in 2023. One dedicated parking space is included.
Three private offices are occupied by independent attorneys under month-to-month arrangements. Their potential continuation would require mutually acceptable terms with a purchaser and may provide optional income. The property is at 900 W Jackson Boulevard in Chicago’s West Loop, near the Fulton Market District and Greektown, with access to downtown Chicago, public transportation, the Kennedy Expressway, and the Eisenhower Expressway.
Three private offices are occupied by independent attorneys under month-to-month arrangements. Their potential continuation would require mutually acceptable terms with a purchaser and may provide optional income. The property is at 900 W Jackson Boulevard in Chicago’s West Loop, near the Fulton Market District and Greektown, with access to downtown Chicago, public transportation, the Kennedy Expressway, and the Eisenhower Expressway.
Key Highlights
- Approximately 2,131 square feet of office space at 900 W Jackson Boulevard, Suite 7E
- Seven private offices, conference room, full kitchen, two restrooms, and reception area
- Exposed brick, timber ceilings, oversized windows, and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,723
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,460
$914.5K
Cap Rate 7%
$653,186
$653.2K
Cap Rate 9%
$508,033
$508.0K
Market Conditions
NOI Build-Up for 2,131 SF
Gross rent
$81.8K $38.40/SF
− Vacancy
−$20.9K −$9.79/SF
EGI
$61.0K $28.61/SF
− OpEx
−$15.2K −$7.15/SF
NOI
$45.7K $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%
$914,460
Cap Rate 7%
$653,186
Cap Rate 9%
$508,033
Alternative Uses
Best Use
Office B
$653.2K
$571.5K – $762.1K
NOI $45,723 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$879.2K – $1.17M
NOI $70,333 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9,646
Businesses Nearby
Explore this area
Business Placement
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Office unit - Professional office condominium with private offices, conference facilities, kitchen, restrooms, reception space, and dedicated parking.
Where is this office unit located?
The property is located at 900 W Jackson Boulevard Suite 7E Chicago, IL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Approximately 2,131 square feet of office space at 900 W Jackson Boulevard, Suite 7E; Seven private offices, conference room, full kitchen, two restrooms, and reception area; Exposed brick, timber ceilings, oversized windows, and abundant natural light
