371 Ontario St Chicago, IL 60654
- Office buildings
- 26,500 SF
- 0.14 lot acres
Current Use by Public Records
- Komandor Chicago / Interior Construction Contractor
- ELIXR IV Therapy / Medical Spa
- Dorya Chicago / Furniture Store
- Candy Building LLC / Construction Company
- Liaison Technology Group / Home Automation Company
Property Details for 371 Ontario St
- Year built
- 1933
- Lot size
- 0.14 lot acres
- Property size
- 26,500 SF
- Property type
- Office buildings
- APN
- 17-09-128-005
- APU
- 1709128005
Description
The Chicago Luxury Furniture Centre, a five-story building totaling 45,000 square feet, presents a unique opportunity for discerning businesses seeking premium showroom space in the vibrant River North neighborhood. This 1908-built property offers six individual suites, with a minimum divisible space of 1,150 square feet and a maximum contiguous space of 21,005 square feet. Currently, 21,005 square feet of space is available for lease. The building's prime location places it in close proximity to the Merchandise Mart and other high-end showrooms, surrounded by a thriving ecosystem of restaurants, retail establishments, hotels, and residential high-rises. This strategic location ensures high visibility and foot traffic. The building boasts ample signage opportunities, allowing businesses to effectively showcase their brand. Furthermore, the customizable floor plans offer flexibility to tailor the space to meet specific business needs. This is an exceptional opportunity to establish a presence in one of Chicago's most desirable retail districts. The property is located in Cook County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,020,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,570,000
- 6.5%
- $2,895,000
- 7%
- $2,515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,545,000
- Geo Method
- $2,330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,335,000
- Retail
- $2,295,000
- Mixed-Use
- $2,460,000
- Hospitality
- $3,020,000
- Educational
- $2,700,000
- Residential Income
- $2,810,000
- Energy
- $3,010,000
- Income-Based Land
- $2,905,000
- Food Service
- $2,960,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6384
- Latitude
- 41.8929
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
