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    FOR LEASE
    Office buildings

    200 W Jackson Blvd, Chicago, IL 60606

    517,200 SF 0.43 ac lot Built 1970
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-5694921
    Property summary
    AI-generated overview

    This exceptional 4,175 square foot retail space is located at 200 W. Jackson Boulevard in Chicago's vibrant Loop neighborhood. Situated at the northwest corner of the signalized intersection of Jackson and Wells Streets, this former Chase Bank branch offers unparalleled visibility and accessibility. The property is part of a 29-story Class A office building, recently renovated in 2015, boasting a total of 483,340 square feet. The space features frontage on both Jackson and Wells Streets, presenting a remarkable opportunity for a diverse range of businesses, including retail, restaurants, medical offices, or service-oriented enterprises. Its strategic location offers easy access to public transportation, with proximity to multiple "L" train stations (Quincy, LaSalle/Van Buren, and Clinton) and just blocks from Ogilvie Transportation Center and Union Station. The location benefits from excellent connectivity to the Kennedy Expressway and is immersed in Chicago's central business district, surrounded by a high-density population with an average household income exceeding $145,000 within a one-mile radius. The 0.43-acre lot size within Cook County, Illinois, ensures ample space and visibility. This is a truly exceptional opportunity to establish a presence in one of Chicago's most desirable and high-traffic locations. The building itself was constructed in 1971.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1970
    Total area 517,200 SF
    Lot 0.43 ac (18,592 SF)
    APN 17-16-219-007
    UPID US28-5694921
    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
    Current use
    Occupant on record · Public records
    • Gittler Marvin Law Firm
    • Ceco Inc General Contractor
    • Talution Group Corporate Office Business Park
    • Law Offices of Raymond L. Asher Law Firm
    • The Law Offices of Brian T. Levin, P.C., Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $182.11M
    Comparable Approach Comparable
    $143.71M
    Blend (final) Blend
    $135.94M
    Owner & transaction history
    Onh 200 West Jackson LLC · 4 yrs held
    Onh 200 West Jackson LLC
    since 2022
    Last sale
    $130.0M
    7 recorded transactions
    2022
    $130.0M
    2019
    2018
    2017
    2015
    $73.3M
    2012
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $225.2M +223.3%
    Neighborhood: shopping center $123.7M +77.5%
    Apartment house (5+ units) $89.0M +27.7%
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    More about this property
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