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Property profile & analytics
FOR SALE
Commercial real estate

175 W Washington St Chicago, IL 60602

0.03 ac lot Built 1998
Individually Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US28-1712846
Property summary
AI-generated overview

This three-story, 22,820-square-foot Class B office building at 175 W Washington St, Chicago, IL 60602, presents a compelling owner-user opportunity. Built in 1933, this vacant property boasts a desirable location in the heart of Chicago's Central Loop, the second largest commercial business district in North America. The building features approximately 7,500 square feet per floor (first two floors), a 5,200-square-foot mezzanine, and a 2,450-square-foot third floor. The interior is currently built out for office and retail use. This fee-simple property sits on a 0.19-acre lot and is designated as an "orange-tag" property by the Chicago Landmarks Association, reflecting its historical significance. The asking price is $4,840,000, translating to $212.09 per square foot. The property's permitted zoning is DC-16. The building's address is 175 W Washington St, Cook County, Illinois. The property includes one building with three stories. Parcel numbers are 17-09-457-006-0000 and 17-457-011-0000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1998
Lot 0.03 ac (1,207 SF)
APN 17-09-457-011
UPID US28-1712846
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
National Museaum Of Health & Medi · 15 yrs held
National Museaum Of Health & Medi
since 2010
4 recorded transactions
2010
Price N/A
2003
$3.3M
2002
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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