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Property profile & analytics
OFF-MARKET Estimated value $845,000
Retail space

158 Erie St Chicago, IL 60654-3703

6,900 SF 0.06 ac lot Built 1939
Trust Owned 11-yr Hold Free & Clear
Property ID
US28-0865311
Property summary
AI-generated overview

This exceptional three-story medical office building, totaling 7,100 square feet, is situated in the highly desirable River North neighborhood of Chicago, Illinois. Originally a three-bay horse-drawn fire engine station, this landmark building boasts excellent street visibility and signage opportunities, making it ideal for a variety of medical uses. The building is currently fully vacant and offers 7,100 square feet of leasable space, divisible into three approximately 2,367 square foot floors. Each floor can be delivered in either shell or vanilla box condition, providing flexibility for single-tenant occupancy. The property includes a full basement, convenient elevator access, and ample power. Located at 158 W Erie St, Chicago, IL 60654, in Cook County, this property benefits from its prime location, offering easy access to public transportation and major highways. The DX-7 zoning allows for a range of uses, making this a versatile and attractive opportunity for businesses seeking a prominent and well-located space in a thriving urban area. The building's rich history and unique character combine with modern amenities to create a truly exceptional commercial property.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1939
Total area 6,900 SF
Lot 0.06 ac (2,500 SF)
APN 17-09-217-008
UPID US28-0865311
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FREE Rapid & PCR Testing Chicago Medical Laboratory Diagnostic Center
  • Xpress Clinics Medical Clinic
  • Escape Room Despair Arcade & Gaming Center Family Recreation Center
  • Law Offices of Matthew W. Kiverts Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$845k
Owner & transaction history
158 West Erie Land Trust · 11 yrs held
158 West Erie Land Trust
since 2015
6 recorded transactions
2017
Price N/A
2016
Price N/A
2015
Price N/A
2014
$1.4M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.2M +18.2%
Office building $1.1M +4.5%
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