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    OFF-MARKET
    Office Spaces

    1280-1300 Washington Blvd, Chicago, IL 60607

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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