Property profile

808 Cleveland Ave Chicago, IL 60610

OFF-MARKET
Retail properties & Spaces
284,000 SF Built 2022
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Property summary

AI-generated overview

This exceptional Class A property, located at 808 N Cleveland Ave, Chicago, IL 60610, offers a unique blend of retail and office spaces in the vibrant River North submarket (CBD cluster). Built in 2022, this one-building, 22-story structure boasts 284,000 square feet of total space, with units divisible down to 2,000 square feet and a maximum contiguous space of 8,540 square feet. Currently, 5,300 square feet is available. The property features four elevators and ample parking. The building's design is striking, with a glass and steel façade maximizing natural light. Ground floor retail spaces feature 20-foot ceilings, while upper-floor office spaces offer stunning views of River North. The location is highly desirable, situated on a busy thoroughfare with excellent visibility and signage opportunities. The surrounding area is experiencing significant growth, with over 1000 new luxury residential units within a one-mile radius and a planned hotel and casino development. The property is zoned PD 477 and sits on a 43,560 square foot lot. This prime location offers unparalleled exposure and access to the central business district and River West. The property is ideal for a variety of uses, including creative, medical, traditional, and executive offices, as well as street retail and restaurants. Specific amenities are detailed in the property's operating manuals.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2022
Total area 284,000 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

808 Cleveland Ave Chicago, IL 60610
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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