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    225 Illinois St Chicago, IL 60654

    For Lease
    $34 SF/Yr

    Multiple Suites, 2,291 - 9,702 SF

    Lot size:
    46,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional Class B office building at 225 W Illinois St, Chicago, IL 60654, offers a diverse range of flexible office spaces to suit various business needs. The 46,150 square foot building features multiple tenancy options, catering to businesses of all sizes. Currently, four suites are available for lease, providing a variety of configurations. Suite 200 boasts a generous 9,702 square feet, while Suite 300 offers 8,350 square feet of well-designed space. For smaller businesses, Suite 450 provides 2,291 square feet, and Suite 430 offers 4,435 square feet. Alternatively, Suites 430 and 450 can be leased together, totaling 6,276 square feet. The building's versatile design accommodates traditional office layouts, executive suites, coworking setups, creative office spaces, and even medical offices. This prime location in Chicago offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a prestigious address and functional workspace. The building's classification as Class B indicates a balance of quality and affordability, making it a compelling option for businesses looking for a cost-effective yet professional environment. Inquire today to explore the possibilities and secure your ideal office space.

    Property Features for 225 Illinois St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    46,150 SF
    Class
    B
    Total Rate
    130758.33

    Unit(s) available at that property

    Space
    Suite 450
    Size
    6,276 SF
    Rate per SF
    $34
    Space
    Suite 200
    Size
    9,702 SF
    Rate per SF
    $35
    Space
    Suite 300
    Size
    8,350 SF
    Rate per SF
    $34
    Space
    Suite 430
    Size
    6,276 SF
    Rate per SF
    $34

    HighLights

    • Modern, well‑maintained corner building with abundant natural light.
    • Renovated lobby with three elevators (two passenger, one freight).
    • On‑site bike storage.
    • Robust telecom and data infrastructure.
    • Two blocks from the Merchandise Mart.
    • Excellent CTA transit access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Two Two Five ... General Contractor Rimadesio Chicago by ... Furniture Store AllianceChicago Non-Profit Organization TBA Global Events Business Management Consultant Novak | Costello CPA ... Certified Public Accountant

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store 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
    -87.635254334638
    Latitude
    41.890764604078

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    FAQs

    What type of property is this?
    Medical office - Multiple Suites, 2,291 - 9,702 SF
    Where is this medical office located?
    The property is located at 225 Illinois St Chicago, IL.
    What is the lease rate?
    The lease rate is $34-$35 SF/Yr.
    What are key features of this property?
    This property features: Modern, well-maintained corner building with abundant natural light.; Renovated lobby with three elevators (two passenger, one freight).; On-site bike storage.
    Request Owner's contact information
    225 Illinois St Chicago, IL 60654
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    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
    225 Illinois St Chicago, IL 60654
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