312-334-7242
221 W Erie St, Chicago, IL for Sale
Loft/Creative Space - FOR SALE
1/3
null | Request Cap Rate

221 W Erie St
Chicago, IL 60654
River North


HIGHLIGHTS

  • Turnkey Office Space - Well-designed flexible layout ready for the next owner/user to move-in.
  • Redevelopment Potential via DX-5 Zoning - Allows for multiple options for redevelopment, including residential conversion.
  • The Epitome of Live, Work, and Play - The Property sits steps from high-end dining, luxury wellness spaces, and nightlife venues.
  • Excellent Demographics - River North attracts a highly sophisticated demographic of wealthy millennials.
  • Transit-Oriented, Prime River North Location - The Property is near 2 CTA "L" stations and five public bus stops.

OVERVIEW

CBRE, as an exclusive agent, is pleased to present the opportunity to acquire 100% fee simple interest in 221 West Erie (the “Property”), a two-story office building with 5,000 SF of space, located in the heart of River North, most notably known as the live, work, play neighborhood in Chicago, Illinois. This ideally located loft office building is the perfect blend of modern elegance and artistic charm, featuring a dramatic custom staircase at its center, leading to an inviting second floor with an atrium bay window overlooking Erie Street. The layout includes a full bath on the second floor and two convenient half baths, one on each level. Enjoy the warmth of hardwood maple floors throughout, complemented by essential amenities like HVAC, burglar and fire alarm systems, and built-in audio with intercom for added security and comfort. With 3-Phase, 240V, 520 Amp electrical services, this space is ready for any creative endeavor.

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

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,465 SF

ZONING

DX-5

APN/PARCEL ID

17-09-223-015-0000

ASK ABOUT THIS PROPERTY

312-334-7242

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312-334-7242

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