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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

445 Erie St Chicago, IL 60654

54,300 SF 0.61 ac lot Built 1903
Property ID
Property summary
AI-generated overview

This exceptional River North property, located at 445 W Erie St, Chicago, IL 60654, offers 54,300 square feet of creative office space in a historic building. The building, constructed in 1903, is a three-story Class B structure situated on 0.61 acres of land and boasts a 2.04 FAR. Ten individual suites are available, ranging from a minimum of 1,370 square feet to a maximum contiguous space of 2,425 square feet. Currently, 19,574 square feet are vacant, presenting a significant opportunity for businesses seeking unique office space. The building features 12-foot ceilings and a 10% load factor. While elevators are not present, the building's character and layout are ideal for creative tenants. Property taxes are $9.97 per square foot. The Cook County location within the River North submarket provides excellent access to amenities and transportation. This unique brick and timber loft building offers one-of-a-kind two-story units with mezzanines and well-lit garden units, creating a distinctive and inspiring work environment. The property is categorized as both retail and office, offering versatile options for potential tenants.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1903
Total area 54,300 SF
Lot 0.61 ac (26,572 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • DroneHub Media Film Production Television Studio
  • BLANCO U.S.A Barber Shop
  • Journey Foods Food Processing Plant Factory
  • NRC Realty & Capital Advisors, LLC Corporate Office
  • Surgical Innovation Associates Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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