40 Huron St Chicago, IL 60611
- Commercial real estate
Current Use by Public Records
- Central City Productions TV / Video Production Service
- Avery | Kill, LLC / Attorney
- New School For Massage / Massage School
- Grossman & Jack Talent, Inc. / Commercial Agent / Modeling Agency
- R2 Companies / Real Estate Developer
Property Details for 40 Huron St
- Property type
- Commercial real estate
- APN
- 17-10-104-027
- APU
- 1710104027
Description
40 East Huron Street offers an exceptional leasing opportunity in the heart of Chicago's vibrant downtown. This Class A, seven-story office building, totaling 93,000 square feet, underwent a complete renovation in 2005, boasting modern amenities and stunning city views. Tenants can choose from nine available suites, ranging from 701 to 9,008 contiguous square feet, with a total of 25,982 square feet currently vacant. The building features three high-speed service and freight elevators, ensuring efficient access to all floors. Built in 1980, this meticulously maintained property provides a sophisticated lobby, 24/7 security, and on-site management. Its prime location near Wabash Avenue offers unparalleled convenience to major transportation hubs and a wealth of dining and entertainment options. This is an ideal location for businesses seeking a prestigious and efficient workspace in the heart of Chicago's central business district. The multiple tenancy structure allows for flexibility in space requirements, catering to a variety of business needs. The building's modern design and amenities create a dynamic and productive environment for tenants. This exceptional property offers a unique opportunity to establish a prominent presence in one of Chicago's most sought-after locations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,510,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,930,000
- 6.5%
- $5,875,000
- 7%
- $6,360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,295,000
- Geo Method
- $5,555,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,000,000
- Retail
- $6,585,000
- Mixed-Use
- $4,925,000
- Hospitality
- $5,880,000
- Educational
- $6,035,000
- Residential Income
- $5,315,000
- Energy
- $5,970,000
- Income-Based Land
- $6,030,000
- Food Service
- $5,680,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6264
- Latitude
- 41.8954
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
