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    670 Hubbard St Chicago, IL 60654

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    For Sale
    Contact for pricing

    9,500 SF Office Building, Chicago

    Property size:
    9,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,500 square foot, five-story Class B office building, located at 670 W Hubbard Street in Chicago's River West/Fulton Market district, presents a unique owner/user opportunity. Currently 75% occupied, the property boasts four individual suites, easily managed and potentially divisible to suit various business needs. A complete renovation in 2008 encompassed all major systems: HVAC, electrical, plumbing, roof, and windows, ensuring modern functionality. Each floor features its own washrooms, adding convenience. The building's prominent corner location offers excellent visibility, with signage potential visible from passing Northwestern trains. Secure entry lobbies enhance security. The property benefits from its proximity to downtown Chicago and an adjacent Blue Line stop, along with ample street parking. This is an ideal investment for a business seeking a high-profile location with significant branding opportunities in a vibrant, well-connected neighborhood. The building's multi-tenancy setup allows for flexible occupancy and income generation. The modified lease type offers adaptability to various tenant needs. The building's features, including excellent window lines and billboard potential, make it a highly desirable property in a sought-after area of Chicago. The 60654 zip code further underscores its prime location within Cook County, Illinois.

    Property Features for 670 Hubbard St

    General Information

    Property type
    Retail properties
    Square Feet
    9,500 SF
    Class
    B

    Building Details

    Year Renovated
    2008
    Stories
    5

    HighLights

    • Four individual suites.
    • Easy leasing and management.
    • Suites are divisible to accommodate various tenant needs.
    • HVAC and restrooms on each floor.
    • Complete building renovation in 2008, including all major systems (HVAC, electrical, plumbing, roof, and windows).
    • Prominent corner location with excellent visibility and billboard potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Moradia Shop Perfume Store Thinkinc Public Relations Firm Autism Family Center Mental Health Clinic Reclaimed Table Woodworker Short Sales Chicago Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6455866
    Latitude
    41.8903608

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    FAQs

    What type of property is this?
    Retail property - 9,500 SF Office Building, Chicago
    Where is this retail property located?
    The property is located at 670 Hubbard St Chicago, IL.
    What are key features of this property?
    This property features: Four individual suites.; Easy leasing and management.; Suites are divisible to accommodate various tenant needs.
    Request Owner's contact information
    670 Hubbard St Chicago, IL 60654
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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
    670 Hubbard St Chicago, IL 60654
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