1918 Mendell St Chicago, IL 60642
- Commercial real estate
- 0.15 lot acres
Current Use by Public Records
- Regus / Coworking Space / Virtual Office Rental
- Rinse - Laundry & Dry Cleaning Delivery / Laundry Service / Delivery Service
- Rinse / Laundry Service
- MKB Architects / Architect / Design
- Brigandi Associates / Marketing Consultant
Property Details for 1918 Mendell St
- Year built
- 1994
- Lot size
- 0.15 lot acres
- Property type
- Commercial real estate
- APN
- 14-32-119-014
- APU
- 1432119014
Description
This Chicago office space at 1918 N Mendell St, Suite 200, in Cook County, offers a variety of flexible workspace solutions. The property caters to diverse business needs, providing traditional office suites, executive offices, coworking spaces, medical offices, and creative office environments. Tenancy is multiple, allowing for various sized businesses to find a suitable fit. Options range from fully furnished and equipped private offices tailored to individual company requirements, including serviced, custom, disaster recovery, and day offices. Coworking spaces offer shared office or open-plan areas with daily or hot desk options. Meeting rooms are available for various needs, from informal chats to formal presentations and conferences. Virtual office options include prestigious business addresses, mail handling, and virtual assistant services, with varying levels of office access. Flexible working plans provide access to a global network of workspaces, offering options for private offices or coworking spaces with varying day-per-month access. The property's location in the Goose Island neighborhood of Chicago provides a dynamic and convenient work environment. While the total building square footage is not specified, the available office spaces cater to businesses of all sizes, from single individuals to large corporations. The property is ideal for businesses seeking adaptable and modern workspaces in a prime Chicago location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,155,000
- 6.5%
- $1,900,000
- 7%
- $1,885,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,310,000
- Geo Method
- $1,715,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,085,000
- Retail
- $2,040,000
- Mixed-Use
- $1,765,000
- Hospitality
- $1,945,000
- Educational
- $1,745,000
- Residential Income
- $1,895,000
- Energy
- $1,805,000
- Income-Based Land
- $1,815,000
- Food Service
- $2,175,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6659
- Latitude
- 41.9171
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
