363 Erie StChicago, IL 60654

Property Details for 363 Erie St

Year built

1911

Lot size

0.02 AC

Property size (Sq ft)

166,200 SF

Property type

Office buildings

APN

17-09-221-002

APU

1709221002

Description

This exceptional 12,951 square foot office space, located at 363 W Erie St, Chicago, IL 60654, presents a unique opportunity within a larger 115,650 square foot Class B building in Cook County. The suite is ideally suited for a variety of businesses, offering a flexible layout adaptable to traditional, executive, or creative office needs. The space boasts a private outdoor terrace, perfect for employee breaks or informal meetings. Fully furnished and wired for immediate occupancy, the suite includes a large kitchen equipped with keg hookups, catering to a social and collaborative work environment. A spacious open meeting area with comfortable soft seating provides a relaxed atmosphere for team gatherings. Amenities extend to a ping pong table for recreational breaks and a dedicated mother's room, demonstrating a commitment to employee well-being. The building itself is multi-tenant, offering a vibrant and dynamic work community. This turnkey solution eliminates the need for extensive setup and allows businesses to focus on their core operations from day one. The property's central location in Chicago offers easy access to transportation, amenities, and a thriving business district. This is an unparalleled opportunity to secure a high-quality, well-appointed office space in a desirable Chicago location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $53,411,944

  6.5%

  $49,303,332

  7%

  $45,781,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,647,550

  Geo Method

  $21,647,550

• Alternative Use

  Use

  Valuation

  Residential

  $61,136,132

  Hospitality

  $56,000,368

  Educational

  $46,591,648

  Medical

  $48,194,008

  Retail

  $72,475,896

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8937

Longitude

-87.638

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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