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    OFF-MARKET
    Retail properties & Spaces

    808 Cleveland Ave, Chicago, IL 60610

    284,000 SF Built 2022
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • American Design Network (Bike/Boat/Book/etc) Store Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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