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Property profile & analytics
OFF-MARKET
Retail space

401 Ontario St Chicago, IL 60611-3051

0.02 ac lot Built 1962
Entity Owned 4-yr Hold Free & Clear
Property ID
US28-3500565
Property summary
AI-generated overview

This stunning four-story, 48,000-square-foot boutique loft office building in Chicago's vibrant West Loop offers exceptional executive office space. Located at 401 West Ontario Street, this property boasts exposed brick, high ceilings, and oversized windows, creating a sophisticated and inspiring work environment. Currently, 12,500 square feet of space is immediately available, divisible into units as small as 300 square feet, with a maximum contiguous space of 12,500 square feet. The building features a total of 15 parking spaces for tenant convenience. Renovated in 2016, the building is zoned DX-7 and sits on a 13,065-square-foot lot (APN: 17-09-128-004-0000) in Cook County, Illinois, zip code 60654. This exceptional property presents a unique opportunity for businesses seeking a prestigious and functional office space in a highly desirable location. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements, catering to a diverse range of businesses. The building's modern amenities and prime location make it an ideal choice for companies seeking a high-quality, well-maintained office space in the heart of Chicago. This is a rare opportunity to secure a prominent presence in a sought-after area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Lot 0.02 ac (1,083 SF)
APN 17-10-208-016
UPID US28-3500565
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
  • Indie Cinema Academy University
  • Blakely F.I.T. Inc. Gym & Fitness Center
  • Sonu Joseph, DPM Physician
  • The Chicago FIX Alternative Medicine Practice
  • Sargon B. Odisho, DC Alternative Medicine Practice
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
Standard Insurance Company · 4 yrs held
Standard Insurance Company
since 2022
5 recorded transactions
2022
Price N/A
2019
Price N/A
2011
Price N/A
2001
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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