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200 W Jackson Blvd Chicago, IL 60606

Office buildings Google Maps
517,200 SF 0.43 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$135.94M
Range $122.35M – $149.53M (±10%)
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

Current use

Occupant on record · Public records
  • Law Firm
  • General Contractor
  • Corporate Office Business Park
  • Law Firm
  • 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

since 2022
Last sale
$130.0M
7 recorded transactions
2022
$130.0M
2019
Price N/A
2018
Price N/A
2017
Price N/A
2015
$73.3M
2012
Price N/A
2007
Price N/A

Zoning & alternative use

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%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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