2545 Diversey AveChicago, IL 60647

Property Details for 2545 Diversey Ave

Year built

1924

Lot size

1.78 AC

Property size (Sq ft)

175,300 SF

Property type

Office buildings

APN

13-25-404-001

APU

1325404001

Description

This exceptional 3,942 square foot ground floor retail space is located at 2545 W Diversey in Cook County, within the Green Exchange, the nation's largest commercial real estate development dedicated to green businesses. This LEED-certified building offers a vibrant and collaborative environment, fostering synergy among like-minded organizations. The space is part of a larger 272,000 square foot multi-tenant building, boasting over 1,100 employees on-site, creating strong internal demand. The property benefits from incredible signage opportunities along Diversey Avenue, a high-traffic location with 16,000 vehicles passing daily. Easy access to the I-90/94 expressway provides excellent connectivity for employees and clients. The space is ideal for businesses seeking a high-visibility location within a thriving community of environmentally conscious companies. This traditional, executive, and creative office space presents a unique opportunity to establish a presence in a dynamic and sustainable environment. The available space is part of a larger building with multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $52,768,196

  6.5%

  $48,709,104

  7%

  $45,229,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,832,824

  Geo Method

  $22,832,824

• Alternative Use

  Use

  Valuation

  Residential

  $60,399,288

  Hospitality

  $55,325,424

  Educational

  $46,030,104

  Medical

  $47,613,148

  Retail

  $71,602,384

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9316

Longitude

-87.6921

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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