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Residential conversion opportunity 1033 W Van Buren St 86,401 SF Office Building Chicago, IL 60607 $9,950,000 ($115.16/SF)
INVESTMENT HIGHLIGHTS
- Great office to residential conversion opportunity, potentially as student housing for nearby University of Illinois Chicago
- Near Fulton Market and Randolph St. restaurant row
- Seller can deliver vacant
- Easy access to 290 and 90/94 with great signage visibility on 290
- Walking distance to University of Illinois Chicago, Greektown, Fulton Market, CTA, Randolph St. Restaurant Row
- PD zoning with ability to add additional approx. 58 residential units above the ground floor retail level.
EXECUTIVE SUMMARY
Ideal for owner/user or investment.
Brick and timber loft property with great upside potential.
Seller can deliver vacant if so desired.
PROPERTY FACTS
AMENITIES
- Metro/Subway
- Bicycle Storage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
• Over 40’ of frontage on Van Buren Street • Signage opportunities on the front and rear of building • Entrance to lobby of the building • 14 offices, 2 conference rooms, kitchenette, 2 bathrooms • PD 867 Zoning • Virtual Tour: https://my.matterport.com/show/?m=ijRzsgE8hLN
• $29.00/SF MG • Fully furnished spec suite • 5 private offices/huddle rooms • Conference room • Light and airy with modern finishes • Kitchenette • Virtual Tour: https://my.matterport.com/show/?m=ht6xZPXEWVN
• $25.00/SF MG • Full floor identity with direct elevator access • 7 private offices • Ample space for open seating • 3 conference/training rooms • Private Bathrooms • Kitchenette • Virtual Tour: https://my.matterport.com/show/?m=81BWgCrxYKf
• $30.00/SF MG • Full-floor identity • Shell space awaiting tenant buildout • Natural light on three sides of the building • 2 bathrooms • Virtual Tour: https://my.matterport.com/show/?m=kQ1y4hG2qKV
• $30.00/SF MG • Second-generation space ready for tenant buildout
• $29.00/SF MG • Former corporate HQ space on the top floor • Large kitchen with auditorium seating • Natural light on three sides of the building • 12 private offices • 2 conference rooms • 4 bathrooms • Virtual Tour: https://my.matterport.com/show/?m=2CdaSLvwPtU
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 8,856 SF | Office/Retail | Partial Build-Out | Now |
| 2nd Fl-Ste 250 | 4,110 SF | Office | Spec Suite | Now |
| 3rd Fl-Ste 300 | 12,336 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 400 | 12,343 SF | Office | Shell Space | Now |
| 5th Fl-Ste 500 | 12,285 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 700 | 12,285 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 8,856 SF |
| Space Use |
| Office/Retail |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 4,110 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 12,336 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 12,343 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
5th Fl-Ste 500
| Size |
| 12,285 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 700
| Size |
| 12,285 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 8,856 SF |
| Space Use | Office/Retail |
| Condition | Partial Build-Out |
| Available | Now |
• Over 40’ of frontage on Van Buren Street • Signage opportunities on the front and rear of building • Entrance to lobby of the building • 14 offices, 2 conference rooms, kitchenette, 2 bathrooms • PD 867 Zoning • Virtual Tour: https://my.matterport.com/show/?m=ijRzsgE8hLN
2nd Fl-Ste 250
| Size | 4,110 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
• $29.00/SF MG • Fully furnished spec suite • 5 private offices/huddle rooms • Conference room • Light and airy with modern finishes • Kitchenette • Virtual Tour: https://my.matterport.com/show/?m=ht6xZPXEWVN
3rd Fl-Ste 300
| Size | 12,336 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
• $25.00/SF MG • Full floor identity with direct elevator access • 7 private offices • Ample space for open seating • 3 conference/training rooms • Private Bathrooms • Kitchenette • Virtual Tour: https://my.matterport.com/show/?m=81BWgCrxYKf
4th Fl-Ste 400
| Size | 12,343 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
• $30.00/SF MG • Full-floor identity • Shell space awaiting tenant buildout • Natural light on three sides of the building • 2 bathrooms • Virtual Tour: https://my.matterport.com/show/?m=kQ1y4hG2qKV
5th Fl-Ste 500
| Size | 12,285 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
• $30.00/SF MG • Second-generation space ready for tenant buildout
7th Fl-Ste 700
| Size | 12,285 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
• $29.00/SF MG • Former corporate HQ space on the top floor • Large kitchen with auditorium seating • Natural light on three sides of the building • 12 private offices • 2 conference rooms • 4 bathrooms • Virtual Tour: https://my.matterport.com/show/?m=2CdaSLvwPtU
PROPERTY TAXES
| Parcel Number | 17-17-231-011-0000 | Improvements Assessment | $1,203,554 |
| Land Assessment | $330,150 | Total Assessment | $1,533,704 |
PROPERTY TAXES
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Residential conversion opportunity | 1033 W Van Buren St
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