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    Property profile & analytics

    225 Illinois St Chicago, IL 60654

    • Office buildings
    • 94,200 SF
    • 0.23 lot acres
    For Lease
    View listing
    $34 SF/Yr
    Value Estimation
    $1,180,000
    Location Intelligence
    Property ID
    US28-2508898
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Two Two Five Illinois LLC / General Contractor
    • Rimadesio Chicago by Luca Lanzetta Group / Furniture Store
    • AllianceChicago / Non-Profit Organization
    • TBA Global Events / Business Management Consultant
    • Novak | Costello CPA Group, LLC / Certified Public Accountant

    Property Details for 225 Illinois St

    Year built
    1925
    Lot size
    0.23 lot acres
    Property size
    94,200 SF
    Property type
    Office buildings
    APN
    17-09-251-001
    APU
    1709251001

    Description

    This exceptional Class B office building at 225 W Illinois St, Chicago, IL 60654, offers a diverse range of flexible office spaces to suit various business needs. The 46,150 square foot building features multiple tenancy options, catering to businesses of all sizes. Currently, four suites are available for lease, providing a variety of configurations. Suite 200 boasts a generous 9,702 square feet, while Suite 300 offers 8,350 square feet of well-designed space. For smaller businesses, Suite 450 provides 2,291 square feet, and Suite 430 offers 4,435 square feet. Alternatively, Suites 430 and 450 can be leased together, totaling 6,276 square feet. The building's versatile design accommodates traditional office layouts, executive suites, coworking setups, creative office spaces, and even medical offices. This prime location in Chicago offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a prestigious address and functional workspace. The building's classification as Class B indicates a balance of quality and affordability, making it a compelling option for businesses looking for a cost-effective yet professional environment. Inquire today to explore the possibilities and secure your ideal office space.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6352
    Latitude
    41.8905
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $517,669
    $495,000
    $2,021,836
    $2,516,836
    -
    $1,980,000
    $8,087,344
    $10,067,344

    Comparable in this City

    • Value Estimation by Request
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      0.08 Acres

      143 Illinois St

      OFFICE BUILDING (MULTI-STORY) • 0.08 Acres
      143 Illinois St, Chicago, IL 60654
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    • Value Estimation by Request
      0.08 Acres

      153 Illinois St

      OFFICE BUILDING (MULTI-STORY) • 0.08 Acres
      153 Illinois St, Chicago, IL 60654
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    • Value Estimation by Request
      1.16 Acres

      321 La Salle Dr

      OFFICE BUILDING (MULTI-STORY) • 1.16 Acres
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    • Value Estimation by Request
      0.33 Acres

      300 La Salle Dr

      OFFICE BUILDING (MULTI-STORY) • 0.33 Acres
      300 La Salle Dr, Chicago, IL 60654-3406
      View Details
    • Value Estimation by Request
      0.88 Acres

      300 La Salle Dr

      OFFICE BUILDING (MULTI-STORY) • 0.88 Acres
      300 La Salle Dr, Chicago, IL 60654-3406
      View Details

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    225 Illinois St
    Chicago, IL 60654
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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