Property profile

320 W Illinois St Chicago, IL 60654

FOR LEASE
Retail properties & Spaces
Property ID
US28-2222993
19,600 SF Built 1985
Entity Owned 9-yr Hold
Saved · see the list in your Dashboard

Property summary

AI-generated overview

River North Park, a 24-story building in Chicago's vibrant River North neighborhood (320 W. Illinois Street, 60654), offers exceptional office and retail space. This 19,600 square foot property, renovated in 2019, features multiple suites available, ranging from 2,998 to 6,073 contiguous square feet, with a total of 15,048 square feet currently vacant. The building boasts large windows, open interiors ideal for various uses including executive office, medical office, restaurant, or retail. Potential for black iron hookups exists. The property's prime location, just two blocks from major feeder ramps, benefits from a densely populated area with approximately 127,000 residents and 645,000 daytime employees within a one-mile radius. Current co-tenants include well-established businesses. An adjacent 211-space parking garage is available for lease. The building was originally constructed in 1985 and offers a blend of modern updates and established presence. This is a unique opportunity to secure high-visibility space in a thriving Chicago location. The minimum divisible space is 2,998 square feet. Cook County location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1985
Total area 19,600 SF
UPID US28-2222993

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
  • Real Estate Agency
  • Hardware & Home Improvement General Contractor
  • Interior Design Home Decor Store
  • Business Management Consultant

Location

320 W Illinois St Chicago, IL 60654
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2016
2 recorded transactions
2020
Price N/A
2016
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message