300 W Adams St | Chicago, IL 60606
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- LoopNet Team
300 W Adams St
Chicago, IL 60606
Value-Add | Historical Downtown Office · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Expansive, creative office building prominently located amongst Chicago’s dense urban skyline and surrounded by world-class amenities.
- Exceptional opportunity for an investor to acquire an attractive office asset that is 54% leased to a diversified tenant base comprised of 23 tenants.
- Located less than two blocks from Chicago’s primary commuter rail terminal, Union Station, and Quincy Station, offering ideal commuter access.
- Positioned in the West Loop Submarket which has undergone a dramatic transformation driving notable tenant demand into this revitalized micro-market.
- Substantially increase residual value through leasing and the implementation of a rich amenity program, unlocking a lucrative mark-to-market strategy.
- Chicago is one of the most diverse economies serving to insulate the regional market from disruptions in any one business cycle.
PROPERTY FACTS
Property Type
Office
Building Size
254,154 SF
Building Class
B
Year Built/Renovated
1928/2010
Percent Leased
61%
Tenancy
Multiple
Building Height
12 Stories
Typical Floor Size
21,180 SF
Slab To Slab
12’
Building FAR
8.46
Lot Size
0.69 AC
Zoning
DC-16
Parking
12 Spaces (0.05 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Conferencing Facility
- Convenience Store
- Food Service
- Property Manager on Site
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 17-16-208-015-0000 | Improvements Assessment | $6,460,750 |
| Land Assessment | $3,118,500 | Total Assessment | $9,579,250 |
PROPERTY TAXES
Parcel Number
17-16-208-015-0000
Land Assessment
$3,118,500
Improvements Assessment
$6,460,750
Total Assessment
$9,579,250
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