Property profile

321 S Jefferson St Chicago, IL 60661

FOR LEASE
Residential income homes
Property ID
US28-0487148
14,300 SF 0.09 ac lot Built 1904
Trust Owned 24-yr Hold
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional three-story executive office building, located at 321 S Jefferson St in Chicago's vibrant Loop, offers 10,200 square feet of prime office space. Currently, there are 6,880 square feet of vacant space available, divisible into units as small as 3,440 square feet, perfect for businesses seeking flexible and adaptable work environments. The building's multiple tenancy structure allows for a diverse and collaborative atmosphere. Situated in Cook County, Illinois, this property boasts a highly desirable address with easy access to public transportation, major roadways, and a wealth of amenities. The building's classic architecture and modern interior create a sophisticated and professional setting. The available space provides an excellent opportunity for businesses to establish a strong presence in the heart of Chicago's bustling business district. With its strategic location and flexible floor plans, this property is ideal for a variety of businesses, from small startups to established corporations. The 6,880 square feet of vacant space presents a unique chance to customize the layout to perfectly suit your company's specific needs and operational requirements. This is a rare opportunity to secure high-quality office space in a coveted location. The zip code is 60661.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1904
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,300 SF
Lot 0.09 ac (3,975 SF)
APN 17-16-119-008
UPID US28-0487148

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
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Restaurant
  • Corporate Office
  • Marketing & Advertising (Bike/Boat/Book/etc) Store

Location

321 S Jefferson St Chicago, IL 60661
Chicago metro Census 280100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.67M
Comparable Approach Comparable
$3.52M
Blend (final) Blend
$3.21M

Owner & transaction history

since 2002
3 recorded transactions
2018
Price N/A
2002
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $3.4M +39.0%

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