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    216 May St Chicago, IL 60607

    For Lease
    $32 SF/Yr ($9,885 /Mo)

    Modern Retail Suites, Cook County

    Lot size:
    3,707 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional new construction loft building at 216 N May St in Cook County offers two immediately available retail spaces, perfect for a variety of businesses. The building boasts a modern design with high ceilings and abundant natural light, creating a bright and inviting atmosphere. Hardwood floors and stylish finishes throughout add to the sophisticated aesthetic. Each suite is move-in ready, featuring practical configurations that blend open space with private offices, providing flexibility for different business needs. Convenient kitchenettes are included in each space for added functionality. The suites range in size from 1,774 to 1,933 square feet, with a total of 3,707 square feet available. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for two separate businesses to establish themselves in this prime location. Flexible lease terms are available to accommodate various business requirements. On-site garage parking adds to the convenience and appeal of this exceptional property. The building's modern design and practical layout make it an ideal location for businesses seeking a stylish and functional space in a desirable area. Don't miss this chance to secure your space in this newly constructed retail gem.

    Property Features for 216 May St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,707 SF
    Total Rate
    9885.33

    Unit(s) available at that property

    Space
    Suite 3A
    Size
    1,933 SF
    Rate per SF
    $32
    Space
    Suite 3C
    Size
    1,774 SF
    Rate per SF
    $32

    HighLights

    • Retail property totaling 3,707 square feet in Cook County.
    • Two available spaces ranging from 1,774 to 1,933 square feet.
    • New construction loft building with high ceilings, abundant natural light, hardwood floors, and a modern design.
    • Move‑in ready suites featuring kitchenettes and glass offices.
    • Flexible lease terms and on‑site garage parking available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kate Taylor Interiors Interior Designer Drum House Lofts Real Estate Agency RealtyAds Software Company May Street LLC Apartment Building Design Lab Interior Designer

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6559589
    Latitude
    41.8861776

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    FAQs

    What type of property is this?
    Retail property - Modern Retail Suites, Cook County
    Where is this retail property located?
    The property is located at 216 May St Chicago, IL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 3,707 square feet in Cook County.; Two available spaces ranging from 1,774 to 1,933 square feet.; New construction loft building with high ceilings, abundant natural light, hardwood floors, and a modern design.
    Request Owner's contact information
    216 May 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
    216 May St Chicago, IL 60607
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