Property profile

2050 Ogden Ave Chicago, IL 60612

OFF-MARKET
Retail properties & Spaces
11,066 SF
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Property summary

AI-generated overview

This exceptional executive office opportunity is located at 2050 W Ogden Ave in Chicago's vibrant Illinois Medical District (IMD). The property boasts a total of 11,066 square feet, currently entirely vacant and available for lease. The building offers multiple tenancy options, with a minimum divisible space of 1,070 square feet and a maximum contiguous space of 8,246 square feet, providing flexibility for businesses of various sizes. Situated in a high-traffic area at the intersection of Ogden and Damen Avenues, this location offers excellent visibility and accessibility. The building is part of a brand-new development, surrounded by a mix of residential, office, and medical buildings, creating a dense and active environment. Future development plans include a new residential tower, retail center, and hotel, further enhancing the area's appeal and potential for growth. This prime location within the IMD offers unparalleled access to a significant concentration of medical professionals, institutions, and related businesses. The property is classified as Retail and Office, specifically Executive Office space, making it ideal for businesses seeking a prestigious and convenient location in a rapidly developing area of Cook County, Illinois, zip code 60612. The property's modern design and strategic location present a unique opportunity for businesses seeking to establish or expand their presence in this thriving medical district.

Property profile

Verified
Property type Retail properties & Spaces
Total area 11,066 SF

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
  • Apartment Complex

Location

2050 Ogden Ave Chicago, IL 60612
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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