248-255-6052
17 E Monroe St, Chicago, IL for Sale
Hospitality - FOR SALE
1/9
null | Request Cap Rate

17 E Monroe St
Chicago, IL 60603
Chicago Loop


HIGHLIGHTS

  • Located in the heart of Chicago’s State Street Corridor with direct access to retail, office, and entertainment destinations.
  • Proximate to Millennium Park, Grant Park, and the Lake Michigan waterfront, attracting heavy foot traffic year-round.
  • Situated in the Central Business District where new development opportunities are highly limited.
  • Surrounded by a dense mix of residents, tourists, and office workers creating strong retail demand.
  • Offers exceptional connectivity through CTA rail, buses, and major thoroughfares within walking distance.
  • Walkable live-work-play environment with immediate access to world-class dining, entertainment, and cultural attractions.

OVERVIEW

This is a rare opportunity to acquire retail space in Chicago’s highly coveted State Street Corridor, situated at 17 East Monroe Drive within the city’s Central Business District. This premier location offers unmatched visibility and immediate access to Chicago’s vibrant mix of retail, entertainment, cultural, and hospitality amenities. Positioned near world-renowned destinations such as Millennium Park and Grant Park, and only steps away from the Lake Michigan lakefront, the property benefits from the draw of millions of visitors annually, along with a robust local resident and office population. The surrounding area is a dense, walkable environment anchored by iconic attractions, top-tier dining, shopping, and cultural venues. With exceptional connectivity to CTA lines, commuter rail, buses, and major regional road networks, the property ensures consistent accessibility for both locals and tourists. Given the scarcity of redevelopment opportunities in this core downtown market, the asset is poised to deliver significant long-term value for investors seeking a presence in one of Chicago’s highest-demand retail destinations.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

1641

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palmer House a Hilton Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

24

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

15

APN/PARCEL ID

17-15-102-012-0000,17-15-102-013-0000,17-15-102-018-0000,17-15-102-019-0000,17-15-102-020-0000,17-15-102-021-0000,17-15-102-022-0000

ASK ABOUT THIS PROPERTY

Richard DeptulaFriedman Real EstateMore Info
248-255-6052

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Richard DeptulaFriedman Real EstateMore Info
248-255-6052

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.