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221 W Erie St 4,565 SF Office Building Chicago, IL 60654 For Sale
INVESTMENT HIGHLIGHTS
- Turnkey Office Space - Well-designed flexible layout ready for the next owner/user to move-in.
- The Epitome of Live, Work, and Play - The Property sits steps from high-end dining, luxury wellness spaces, and nightlife venues.
- Transit-Oriented, Prime River North Location - The Property is near 2 CTA "L" stations and five public bus stops.
- Redevelopment Potential via DX-5 Zoning - Allows for multiple options for redevelopment, including residential conversion.
- Excellent Demographics - River North attracts a highly sophisticated demographic of wealthy millennials.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,565 SF
Building Class
C
Year Built
1945
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,500 SF
Building FAR
1.75
Lot Size
0.06 AC
Zoning
DX-5
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 17-09-223-015-0000 | Improvements Assessment | $184,250 |
| Land Assessment | $93,750 | Total Assessment | $278,000 |
PROPERTY TAXES
Parcel Number
17-09-223-015-0000
Land Assessment
$93,750
Improvements Assessment
$184,250
Total Assessment
$278,000
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221 W Erie St
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