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    1026 W Van Buren St Chicago, IL 60607

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    1026 W Van Buren St Chicago, IL 60607


    • Industrial properties
    • 20,300 SF
    • 0.21 lot acres
    Chicago Office Building For Sale For Sale
    $1,230,000
    25,371 SF

    Chicago Office Building For Sale

    Office building in Chicago with redevelopment potential.

    1026 W Van Buren St, Chicago, IL
    View Listing
    Property ID
    US28-1741151
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Datum Direct / Advertising Agency / Marketing & Advertising
    • Aires Press / Marketing & Advertising / Printing Service

    Property Details for 1026 W Van Buren St

    Year built
    1909
    Lot size
    0.21 lot acres
    Property size
    20,300 SF
    Property type
    Industrial properties
    APN
    17-17-224-020
    APU
    1717224020

    Description

    This exceptional three-story, 25,371 square-foot R&D building in Chicago's West Loop offers a unique blend of historic charm and modern adaptability. Situated on a 9,000 square-foot lot, the property boasts 12'10" to 12'3" ceiling heights, one loading dock, and a DS-3 zoning permit. Its prime location provides immediate access to major expressways, public transit (including a 5-minute walk to the CTA Blue Line), and numerous amenities, including parks, restaurants, and major transportation hubs like Ogilvie and Union Station. The building's adaptive reuse potential, coupled with its location in a thriving area experiencing significant population growth (155% since 2022) and high median income ($138,000), presents a compelling investment opportunity. The property benefits from its location within an Enterprise Zone, Central West TIF District, and a TOD (Transit Oriented Development) area, maximizing development potential. With precedent for high FAR (Floor Area Ratio) and bonus FAR programs, this site is scalable for ground-up development, offering significant upside for future expansion. The area's robust job market (966,388 jobs accessible within 30 minutes) and high transit score (9.73/10) further enhance its desirability. Built in 1900, this irreplaceable brick and heavy timber structure offers a unique character, while its zoning allows for significant expansion, making it an ideal investment for developers and businesses seeking a prominent location in a rapidly growing area of Chicago. The property's APN is 17.17.224.020.000.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,167,000
      Market price range: $309k - $1.36M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6529
    Latitude
    41.8769
    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
    $108,571
    $45,000
    $481,061
    $526,061
    -
    $180,000
    $1,924,244
    $2,104,244
    View Listing
    More about this property
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