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Property profile & analytics
FOR LEASE
Office Spaces

216 S Jefferson St Chicago, IL 60661

Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US28-2900649
Property summary
AI-generated overview

This exceptional office condo, located at 216 S Jefferson St, Chicago, IL 60661, offers 1,000 square feet of move-in ready space within a larger 51,000 square foot building. The property is a six-story, Class B building constructed in 1895 and extensively renovated in 2020, boasting a desirable blend of historic charm and modern amenities. The space features a 15-foot ceiling height and is situated in the vibrant West Loop submarket, known for its diverse culinary scene and convenient access to transportation. The building's location at the intersection of S. Jefferson Street and W. Quincy Street provides excellent visibility and accessibility. Its proximity to Union Station (0.2 miles) and Ogilvie Transportation Center (0.4 miles) ensures easy commutes for employees and clients. Furthermore, the property benefits from its close proximity to major expressways, I-290 and I-90, enhancing regional connectivity. Ample metered and lot parking is available in the surrounding area. The building is zoned DX-7 and offers on-site building management. This space is ideal for businesses seeking a blend of historical character and modern functionality in a prime West Loop location. The minimum leasable space is 1,000 square feet, with larger spaces available within the 51,000 square foot building. The property sits on a 0.25-acre lot. This unfurnished space is available immediately.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
APN 17-16-111-028-1028
UPID US28-2900649
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
  • Prodesign Software Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Settlement Advisors Financial Advisor
  • Iatse Local 110 Association Or Organization
  • International Cinematographers Guild Advocacy Group
  • Yakkety Yak LLC Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Reyes Kurson Ltd · 1 yrs held
Reyes Kurson Ltd
since 2024
7 recorded transactions
2024
$595,000
2024
$700,000
2020
Price N/A
2019
Price N/A
2018
$1.7M
2018
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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