520 W Erie St
Chicago, IL 60654
Office Property For Sale

This fully leased loft office building offers an exceptional investment opportunity in Chicago’s River North neighborhood, one of the city’s most dynamic and sought-after commercial districts. The property spans approximately 45,300 square feet and features classic brick-and-timber construction, blending historic character with modern functionality. Each suite benefits from private entrances and self-controlled heating and air conditioning, providing tenants with autonomy and comfort.
The building is 100% occupied, with a projected 2026 NOI of $495,000, delivering stable income and a 7.45% capitalization rate at the current asking price of $6,550,000. Positioned directly across the river from Bally’s Hotel and Casino, the property enjoys strong visibility and proximity to major entertainment and hospitality developments, enhancing long-term value.
Located in the heart of River North, the asset is surrounded by a vibrant mix of dining, retail, and residential options, with convenient access to major highways, public transit, and downtown Chicago. This offering presents a rare chance to acquire a stabilized asset with value-add potential through below-market leases in one of Chicago’s premier office submarkets.