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222 Morgan St Chicago, IL 60607

Prime Chicago location, 36,729 SF, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional five-story, Class C executive office building, located at 222 S. Morgan St in Chicago's vibrant West Loop submarket (zip code 60607), offers 36,729 square feet of total space, with 36,282 square feet of net rentable area. Built in 2005, the building boasts a beautifully rehabbed brick and timber loft aesthetic, featuring high ceilings and an excellent window line. The property sits on a 9,375 square foot lot and is currently 66.47% occupied, with a multi-tenant configuration. On-site management ensures smooth operations. The building is zoned DX5 and provides a fantastic opportunity for investors. The 2023 Net Operating Income (NOI) was $794,389, demonstrating strong financial performance. This property presents a compelling investment opportunity in a rapidly growing area of Chicago. The building's attractive features and strong financial performance make it an ideal choice for discerning investors seeking a well-maintained, high-performing asset in a prime location.

Highlights

  • 2023 Net Operating Income (NOI): $794,389
  • Submarket: West Loop
  • Small Loft Suite Available

Property Details for 222 Morgan St

Property type
Office properties
Square Feet
36,729 SF
Class
C
Year Built
2005
Stories
5

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8784046
Longitude
-87.6522193

FAQs

What type of property is this?
Office property - Prime Chicago location, 36,729 SF, high NOI.
Where is the office property located?
The property is located at 222 Morgan St Chicago, IL.
What are key features of this property?
This property features: 2023 Net Operating Income (NOI): $794,389; Submarket: West Loop; Small Loft Suite Available
How can I contact the broker?
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222 Morgan St
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