158 Erie StChicago, IL 60654

Property Details for 158 Erie St

Year built

1939

Lot size

0.06 AC

Property size (Sq ft)

6,900 SF

Property type

Retail space

Property subtype

Storefront properties

APN

17-09-217-008

APU

1709217008

Description

This exceptional three-story medical office building, totaling 7,100 square feet, is situated in the highly desirable River North neighborhood of Chicago, Illinois. Originally a three-bay horse-drawn fire engine station, this landmark building boasts excellent street visibility and signage opportunities, making it ideal for a variety of medical uses. The building is currently fully vacant and offers 7,100 square feet of leasable space, divisible into three approximately 2,367 square foot floors. Each floor can be delivered in either shell or vanilla box condition, providing flexibility for single-tenant occupancy. The property includes a full basement, convenient elevator access, and ample power. Located at 158 W Erie St, Chicago, IL 60654, in Cook County, this property benefits from its prime location, offering easy access to public transportation and major highways. The DX-7 zoning allows for a range of uses, making this a versatile and attractive opportunity for businesses seeking a prominent and well-located space in a thriving urban area. The building's rich history and unique character combine with modern amenities to create a truly exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,259,671

  6.5%

  $3,008,927

  7%

  $2,794,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,264,787

  Geo Method

  $2,264,787

• Alternative Use

  Use

  Valuation

  Residential

  $2,538,143

  Hospitality

  $2,324,925

  Educational

  $1,934,310

  Medical

  $2,000,834

  Retail

  $3,008,927

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8942

Longitude

-87.6335

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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