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225 Illinois St Chicago, IL 60654-8369

OFF-MARKET Office buildings Google Maps
94,200 SF 0.23 ac lot Built 1925
Entity Owned ~ Est. High Equity
Estimated value (blended)
$1.51M
Range $1.35M – $1.66M (±10%)
Property ID US28-2508898

Property summary

AI-generated overview

This exceptional Class B office building at 225 W Illinois St, Chicago, IL 60654, offers a diverse range of flexible office spaces to suit various business needs. The 46,150 square foot building features multiple tenancy options, catering to businesses of all sizes. Currently, four suites are available for lease, providing a variety of configurations. Suite 200 boasts a generous 9,702 square feet, while Suite 300 offers 8,350 square feet of well-designed space. For smaller businesses, Suite 450 provides 2,291 square feet, and Suite 430 offers 4,435 square feet. Alternatively, Suites 430 and 450 can be leased together, totaling 6,276 square feet. The building's versatile design accommodates traditional office layouts, executive suites, coworking setups, creative office spaces, and even medical offices. This prime location in Chicago offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a prestigious address and functional workspace. The building's classification as Class B indicates a balance of quality and affordability, making it a compelling option for businesses looking for a cost-effective yet professional environment. Inquire today to explore the possibilities and secure your ideal office space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1925
Total area 94,200 SF
Lot 0.23 ac (9,900 SF)
APN 17-09-251-001
UPID US28-2508898

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
  • Construction Company General Contractor
  • Furniture & Home Goods Home Decor Store
  • Charitable Organization Social Service Agency
  • Business Management Consultant
  • Accounting Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.59M
Blend (final) Blend
$1.51M

Owner & transaction history

since 2026
Last sale
$4.6M
7 recorded transactions
2026
$4.6M
2025
Price N/A
2018
Price N/A
2017
Price N/A
2000
Price N/A
1969
Price N/A
1969
Price N/A

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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