222 W. Ontario Street presents an opportunity to acquire a downtown Chicago asset with both in-place income and future redevelopment potential. Located in the heart of River North, the property is currently generating approximately $491,000 in net operating income while offering investors the ability to enhance value through lease-up, repositioning, or a longer-term conversion strategy. The building's DX-7 zoning supports a broad range of permitted uses and provides flexibility for future redevelopment initiatives, including residential conversion opportunities that align with evolving demand trends in the surrounding neighborhood. The property's lease structure includes redevelopment kickout provisions, allowing ownership to maintain current operations while preserving flexibility for future strategic plans. This combination of current cash flow and redevelopment optionality creates multiple pathways for value creation depending on market conditions and investor objectives. Positioned within one of Chicago's most established mixed-use neighborhoods, the property benefits from direct access to the Ohio and Ontario feeder ramps connecting to I-90/94, proximity to CTA transit service, and convenient access to the Merchandise Mart and Ogilvie Transportation Center. River North continues to attract residents, businesses, hospitality users, and retailers due to its concentration of dining, entertainment, residential development, and employment centers. Nearby amenities include Whole Foods, Target, East Bank Club, Eataly, Starbucks Reserve Roastery, and numerous restaurants and hotels, supporting the area's long-term appeal for office, residential, hospitality, and mixed-use redevelopment opportunities.