Property profile

700 N Green St Chicago, IL 60642

FOR LEASE
Office buildings
Property ID
US28-2175405
20,000 SF 0.19 ac lot Built 1879
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,512 square foot office building in Cook County offers five move-in ready executive suites, perfect for businesses of all sizes. The authentic timber loft style creates a unique and inviting atmosphere. Suite sizes range from a comfortable 413 square feet to a spacious 1,670 contiguous square feet, providing flexibility for various needs. Currently, there is 5,616 square feet of vacant space available for lease. The building boasts updated amenities including a modern lobby, renovated bathrooms, and convenient common areas. Parking is available both on and off-site. Its prime location offers unparalleled access to public transportation, with close proximity to the Metra, Blue Line, and Brown Line 'L' stations. Furthermore, the property enjoys a convenient location near the vibrant Fulton Market and West Loop neighborhoods, and is just one mile from the Loop and a short distance from I-90/I-94, ensuring easy commutes and excellent accessibility. Specific suite sizes include: Lower Level (413 sq ft), Suite 202 (1,320 sq ft), Suite 403 (788 sq ft), Suite 501 (1,425 sq ft), and Suite 502/503 (660-1,670 sq ft). This is an ideal opportunity for businesses seeking a stylish and functional workspace in a highly desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1879
Total area 20,000 SF
Lot 0.19 ac (8,216 SF)
APN 17-08-213-004
UPID US28-2175405

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
  • Advertising Agency Marketing & Advertising
  • Engineering Consultant Equipment Supplier
  • Renovation Specialist General Contractor
  • Loan Service
  • Home Health Care Service

Location

700 N Green St Chicago, IL 60642
Chicago metro Census 243500 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.94M
Blend (final) Blend
$785k

Owner & transaction history

since 2018
7 recorded transactions
2018
$3.9M
2011
Price N/A
2008
Price N/A
2006
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $4.8M +77.5%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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