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    626 Jackson Blvd Chicago, IL 60661

    For Lease
    $30 SF/Yr

    Chicago West Loop Office: Multiple Suites Available

    Lot size:
    107,977 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This eight-story, Class B office building at 626 W Jackson Blvd in Chicago's West Loop offers 107,977 square feet of versatile space. Built in 1920 and recently renovated, the property boasts a modern lobby, updated restrooms, high-speed elevators, and a new HVAC system. Suites range from 4,783 to 17,997 contiguous square feet, with a total of 25,338 square feet currently vacant. The building features a 12-hour manned security system and an existing data computer room. Its convenient location provides easy access to all expressways and is within one to three blocks of commuter train stations. The building's DX-7 zoning allows for diverse uses, including traditional, medical, creative, executive, and coworking office spaces. The 0.53-acre lot has a 4.68 FAR. Property taxes are $9.78 per square foot. Amenities include a newly remodeled interior and proximity to numerous restaurants. This loft-style building presents a unique opportunity in a thriving Chicago submarket. The building is located in Cook County, Illinois, zip code 60661.

    Property Features for 626 Jackson Blvd

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    107,977 SF
    Class
    B
    Total Rate
    269942.5

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    8

    Unit(s) available at that property

    Space
    Suite 410
    Size
    2,019 SF
    Rate per SF
    $30
    Space
    Suite 100
    Size
    6,586 SF
    Rate per SF
    $30
    Space
    Suite 430
    Size
    4,994 SF
    Rate per SF
    $30
    Space
    Suite 650
    Size
    4,473 SF
    Rate per SF
    $30

    HighLights

    • 8‑story, 107,977 SF Class B office building in Chicago's West Loop.
    • Recently renovated with modern lobby, updated restrooms, high‑speed elevators, and new HVAC.
    • 25,338 SF currently vacant; suites range from 4,783 to 17,997 contiguous SF.
    • 12‑hour manned security, existing data room, and convenient expressway & commuter rail access.
    • DX‑7 zoning allows diverse uses (traditional, medical, creative, executive, coworking).
    • 0.53‑acre lot, 4.68 FAR, $9.78/SF property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thompson Flanagan & Co ... Insurance Agency Continuum Marketing Agency FedEx Drop Box Mailing Service JOHN A. DORE Consultant Chiro One Chiropractic ... Chiropractor

    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
    -87.64358318
    Latitude
    41.87799863

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    FAQs

    What type of property is this?
    Coworking space - Chicago West Loop Office: Multiple Suites Available
    Where is this coworking space located?
    The property is located at 626 Jackson Blvd Chicago, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 8-story, 107,977 SF Class B office building in Chicago's West Loop.; Recently renovated with modern lobby, updated restrooms, high-speed elevators, and new HVAC.; 25,338 SF currently vacant; suites range from 4,783 to 17,997 contiguous SF.
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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
    626 Jackson Blvd Chicago, IL 60661
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