445 Erie St Chicago, IL 60654
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.
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DroneHub Media Film Production Television Studio
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BLANCO U.S.A Barber Shop
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Journey Foods Food Processing Plant Factory
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NRC Realty & Capital Advisors, LLC Corporate Office
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Surgical Innovation Associates Medical Clinic Hospital
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.