1700 Cortland Ave, Chicago, IL 60622
This Cook County, Class B office building at 1700 W Cortland Street offers 44,000 square feet of space, with multiple tenancies available. Currently, 7,881 square feet are vacant, divisible into units ranging from 863 to 2,286 contiguous square feet. The building, constructed in 1940, features 10-foot ceilings and is zoned C2-2. A major renovation is planned for 2024, encompassing a new entryway and elevator lobby with updated flooring, lighting, and paint. Corridor and restroom upgrades will also be completed, including new fixtures and flooring. Exterior improvements include a redesigned entry canopy, landscaping, and facade enhancements. The property's prime location offers easy access to public transportation (Metra/CTA), numerous restaurants, and the vibrant amenities of the Wicker Park and Bucktown neighborhoods. This versatile space is ideal for businesses seeking a modern, well-located office environment in a thriving Chicago neighborhood. The building also includes 1,900 square feet of ground floor retail/showroom space.
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
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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.