Property profile

1280-1300 Washington Blvd Chicago, IL 60607

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

This exceptional West Loop property at 1280-1300 W Washington Boulevard in Chicago, IL, presents a compelling redevelopment opportunity. The 17,550 square foot lot features a 14,000 square foot, all-brick building boasting high ceilings and both indoor and outdoor parking. The building's current configuration includes flex office space occupied by a long-standing business and a vacant section with several built-out offices, suites, a reception area, and storage. Both sections are equipped with a sprinkler system and have separate electrical and gas meters. The C1-3 zoning allows for diverse uses, including residential, office, and more. Its prime location in the heart of the West Loop offers unparalleled visibility and proximity to major landmarks such as McDonald's headquarters, Google, Madison Row, Skinner School, and the vibrant Fulton Market District. The property's strong bones and versatile zoning make it ideal for various development projects, including condos, apartments, or expanded office space. The seller is open to a leaseback arrangement. This is a rare chance to acquire a significant property in one of Chicago's most sought-after neighborhoods. The asking price is $6,000,000.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1280-1300 Washington Blvd Chicago, IL 60607
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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