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    40 Huron St Chicago, IL 60611

    Sponsored
    For Lease
    $30 SF/Yr

    Executive Suites, Downtown Chicago

    Lot size:
    93,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    40 East Huron Street offers an exceptional leasing opportunity in the heart of Chicago's vibrant downtown. This Class A, seven-story office building, totaling 93,000 square feet, underwent a complete renovation in 2005, boasting modern amenities and stunning city views. Tenants can choose from nine available suites, ranging from 701 to 9,008 contiguous square feet, with a total of 25,982 square feet currently vacant. The building features three high-speed service and freight elevators, ensuring efficient access to all floors. Built in 1980, this meticulously maintained property provides a sophisticated lobby, 24/7 security, and on-site management. Its prime location near Wabash Avenue offers unparalleled convenience to major transportation hubs and a wealth of dining and entertainment options. This is an ideal location for businesses seeking a prestigious and efficient workspace in the heart of Chicago's central business district. The multiple tenancy structure allows for flexibility in space requirements, catering to a variety of business needs. The building's modern design and amenities create a dynamic and productive environment for tenants. This exceptional property offers a unique opportunity to establish a prominent presence in one of Chicago's most sought-after locations.

    Property Features for 40 Huron St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    93,000 SF
    Class
    A
    Total Rate
    232500

    Building Details

    Year Built/Renovated
    1980/2005
    Stories
    7

    Unit(s) available at that property

    Space
    Suite 300
    Size
    9,008 SF
    Rate per SF
    $30
    Space
    Suite 7G
    Size
    890 SF
    Space
    Suite 7E
    Size
    1,092 SF
    Space
    Suite 6F
    Size
    701 SF
    Space
    Suite 400
    Size
    9,008 SF
    Space
    Suite 7A
    Size
    1,257 SF
    Rate per SF
    $30
    Space
    Suite 6G
    Size
    860 SF
    Space
    Suite 6B
    Size
    880 SF
    Rate per SF
    $30
    Space
    Suite 6D
    Size
    1,550 SF
    Rate per SF
    $30

    HighLights

    • Class A, seven‑story office building totaling 93,000 square feet in Chicago's downtown.
    • Completely renovated in 2005 with modern amenities and city views.
    • Nine available suites, 701 to 9,008 contiguous sq ft, with 25,982 sq ft currently vacant.
    • Three high‑speed elevators (service & freight).
    • Prime location near Wabash Avenue, offering convenient access to transportation and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Central City Productions ... Video Production Service Avery | Kill, LLC Attorney New School For Massage Massage School Grossman & Jack Talent, ... Talent Agency R2 Companies Real Estate Developer

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6264765
    Latitude
    41.8950295

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    FAQs

    What type of property is this?
    Office Property / Space - Executive Suites, Downtown Chicago
    Where is this office property / space located?
    The property is located at 40 Huron St Chicago, IL.
    What is the lease rate?
    The lease rate is $0.00-$30 SF/Yr.
    What are key features of this property?
    This property features: Class A, seven-story office building totaling 93,000 square feet in Chicago's downtown.; Completely renovated in 2005 with modern amenities and city views.; Nine available suites, 701 to 9,008 contiguous sq ft, with 25,982 sq ft currently vacant.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Huron St Chicago, IL 60611
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