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322 S Green St Chicago, IL 60607

Commercial real estate Google Maps
0.03 ac lot Built 1920
Entity Owned 8-yr Hold ~ Est. High Equity
Estimated value (blended)
$280k
Range $252k – $308k (±10%)
Property ID US28-0964534

Property summary

AI-generated overview

This exceptional 6,116 square foot executive office space is situated in Chicago's vibrant West Loop neighborhood at the corner of Green and Van Buren Streets. The property, part of a larger 95,267 square foot Class B building constructed in 1921, offers a single-tenant occupancy opportunity. The interior features an open layout, a striking bow-truss ceiling, and abundant natural light. Its prime location provides unparalleled accessibility, just blocks from the I-90/I-290 interchange, Union Station, Ogilvie Transportation Center, and the UIC-Halsted Blue Line "L" station. The surrounding area boasts a dense population of over 455,000 within a three-mile radius, with average household incomes exceeding $143,000 within one mile. This ensures a strong customer base and high visibility. The property benefits from exceptional co-tenancy, including prominent retailers such as Whole Foods, Target, Mariano's, and Walgreens, as well as a wide array of high-end restaurants and national brands. The potential for leasing additional parking spaces in an adjacent lot adds further value. This is a rare opportunity to secure a prestigious office space in one of Chicago's most desirable and affluent neighborhoods. The building is a Class B property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Lot 0.03 ac (1,404 SF)
APN 17-17-227-016
UPID US28-0964534

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center Tutoring Service
  • Charitable Organization Social Service Agency
  • Food Processing Plant Factory
  • Property Management Company
  • Charitable Organization Social Service Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2018
4 recorded transactions
2021
Price N/A
2018
Price N/A
2018
$5.0M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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