1280-1300 Washington Blvd, Chicago, IL 60607
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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