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    222 Morgan St Chicago, IL 60607

    Sponsored
    For Sale
    Contact for pricing

    Prime Chicago location, 36,729 SF, high NOI.

    Property size:
    36,729 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional five-story, Class C executive office building, located at 222 S. Morgan St in Chicago's vibrant West Loop submarket (zip code 60607), offers 36,729 square feet of total space, with 36,282 square feet of net rentable area. Built in 2005, the building boasts a beautifully rehabbed brick and timber loft aesthetic, featuring high ceilings and an excellent window line. The property sits on a 9,375 square foot lot and is currently 66.47% occupied, with a multi-tenant configuration. On-site management ensures smooth operations. The building is zoned DX5 and provides a fantastic opportunity for investors. The 2023 Net Operating Income (NOI) was $794,389, demonstrating strong financial performance. This property presents a compelling investment opportunity in a rapidly growing area of Chicago. The building's attractive features and strong financial performance make it an ideal choice for discerning investors seeking a well-maintained, high-performing asset in a prime location.

    Property Features for 222 Morgan St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    36,729 SF
    Class
    C

    Building Details

    Year Built
    2005
    Stories
    5

    HighLights

    • 2023 Net Operating Income (NOI): $794,389
    • Submarket: West Loop
    • Small Loft Suite Available
    Property Profile Location Intelligence

    Current Use by Public Records

    Ralanda Webb, Attorney ... Estate Planning Attorney Focal Point Data ... Business Management Consultant Olivier Tric Dental ... Dental Laboratory Atlas Mortgage Mortgage Lender Partisan Defense Committee Public Defender'S Office

    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
    -87.6522193
    Latitude
    41.8784046

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Chicago location, 36,729 SF, high NOI.
    Where is this office property / space located?
    The property is located at 222 Morgan St Chicago, IL.
    What are key features of this property?
    This property features: 2023 Net Operating Income (NOI): $794,389; Submarket: West Loop; Small Loft Suite Available
    (312) 372-3224
    Request Owner's contact information
    222 Morgan St Chicago, IL 60607
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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
    222 Morgan St Chicago, IL 60607
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