615-516-4827
21 W Illinois St, Chicago, IL for Sale
Office - FOR SALE
1/31
null | Request Cap Rate

21 W Illinois St
Chicago, IL 60654
River North


HIGHLIGHTS

  • Delivered fully vacant with existing high-quality office buildout and minimal capital requirements for occupancy.
  • Brick-and-timber construction with striking architectural elements, skylights, and exposed beams throughout the building.
  • Located within Chicago’s River North district, just steps from the CTA Red Line and surrounded by premier dining, retail, and cultural destinations.
  • DX-7 zoning allowing for flexible future reconfiguration, partial leasing options, or mixed-use redevelopment potential.

OVERVIEW

21 W. Illinois presents a unique ownership opportunity in the heart of Chicago’s River North, one of the city’s premier mixed-use districts. This four-story, ±8,000-square-foot office building combines the authenticity of brick-and-timber architecture with contemporary finishes and modern amenities. Its design-forward aesthetic includes exposed brick, timber beams, skylights, and private outdoor space, creating a distinctive work environment that supports creativity and collaboration. Currently delivered fully vacant, the property offers full-building control, allowing an owner-user to develop a custom headquarters presence with branding consistency and operational flexibility. Existing improvements include 77 workstations (expandable to 90), nine conference rooms, five kitchens, and multiple private offices across four efficient floors, supporting immediate usability and minimizing upfront capital investment. Located steps from CTA Red Line and with easy access to Brown, Blue, and multiple bus routes, the asset ensures exceptional regional connectivity. The surrounding River North district offers one of Chicago’s densest collections of dining, entertainment, and retail amenities, enhancing recruitment and retention potential for any organization. Zoned DX-7 (Downtown Mixed-Use), the property provides long-term adaptability for future repositioning or alternative use considerations. This sale represents a rare chance to control a boutique building in a vibrant submarket, ideal for creative, tech, or nonprofit organizations seeking an iconic address and long-term stability in a dynamic urban location.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1881

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,059 SF

ZONING

DX-7

APN/PARCEL ID

17-09-255-006-0000

ASK ABOUT THIS PROPERTY

David KimballTranswestern Real Estate ServicesMore Info
615-516-4827

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David KimballTranswestern Real Estate ServicesMore Info
615-516-4827

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