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FOR SALE
Commercial real estate
400 East Randolph St, Chicago, IL 60601
Individually Owned
Property ID
US28-0118932
For Sale
1 / 29
$625,000
400 East Randolph St, Chicago, IL 60601
View Listing →
Property summary
AI-generated overview
Exceptional opportunity to own or lease a highly desirable commercial condominium in the heart of downtown Chicago's Lakeshore East / New Eastside neighborhood. Located within a full-amenity 40-story high-rise, this 1,130 SF space offers flexible use for office, professional services, medical, showroom, or creative workspace. The suite features an open floor plan with abundant natural light, high ceilings, and a private kitchenette. Association amenities include 24-hour door staff, indoor parking (available for lease), indoor pool, fitness center, sundeck, and direct access to Lakeshore East Park. Conveniently located steps from Millennium Park, Maggie Daley Park, Lake Michigan, the Riverwalk, Mariano's, and public transportation. Zoned PD 70 - Mixed Use. Ideal for owner-occupants or investors seeking a prestigious downtown business address with strong foot traffic and excellent accessibility.
Property profile
Verified
Property type
Commercial real estate
Year built
1963
UPID
US28-0118932
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
-
ILCBA Association / Organization
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Berkshire Homes Inc Homes Construction
-
Matt Silver, Corcoran Urban Real Estate Real Estate Agency
-
Chicago Asthma Consortium Physician
-
Seven Bar and Lounge Bar & Pub Restaurant
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
Puranam Deva
Puranam Deva
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Status
For Sale
Year built
1963
UPID
US28-0118932
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1963
Current owner
From public records · entity-resolved
Puranam Deva
Individual
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2026
$160,000
Puranam Deva
Olesnavage
Warranty Deed
—
Jan 15, 2026
$375,000
Outer Drive East Holdings LLC
Windsor Property Group INC
Special Warranty Deed
—
Oct 27, 2025
—
400 Condominium Association
Chicago Title Land Trust
Deed
related
—
Jan 15, 2025
$1,499,000
A2m Enterprises INC
Ch 400 E Real Estate LLC
Warranty Deed
$1,124,250 · Ch 400 E Real Estate LLC
Sep 25, 2023
$135,000
Akbik Capital LLC
Chicago Title Land Trust Company
Deed
—
Sep 18, 2023
$125,000
Colesnavage John Olensavage
Chicago Title Land Trust Company
Deed
related
—
Jun 21, 2023
$200,000
Willie Wilson Trust
Scott Frerichs
Deed
—
Nov 22, 2022
—
Randolph 700 LLC
—
Deed
related
$255,643 · Fifth Third Bank NA
Jun 22, 2021
$1,200,000
400 E Ch Real Estate LLC
400 East Professional Associates
Warranty Deed
—
Feb 24, 2021
$130,000
7g LLC
Denise Goring
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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