225 Illinois StChicago, IL 60654

Property Details for 225 Illinois St

Year built

1925

Lot size

0.23 AC

Property size (Sq ft)

94,200 SF

Property type

Office buildings

APN

17-09-251-001

APU

1709251001

Description

This exceptional Class B office building at 225 W Illinois St, Chicago, IL 60654, offers a diverse range of flexible office spaces to suit various business needs. The 46,150 square foot building features multiple tenancy options, catering to businesses of all sizes. Currently, four suites are available for lease, providing a variety of configurations. Suite 200 boasts a generous 9,702 square feet, while Suite 300 offers 8,350 square feet of well-designed space. For smaller businesses, Suite 450 provides 2,291 square feet, and Suite 430 offers 4,435 square feet. Alternatively, Suites 430 and 450 can be leased together, totaling 6,276 square feet. The building's versatile design accommodates traditional office layouts, executive suites, coworking setups, creative office spaces, and even medical offices. This prime location in Chicago offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a prestigious address and functional workspace. The building's classification as Class B indicates a balance of quality and affordability, making it a compelling option for businesses looking for a cost-effective yet professional environment. Inquire today to explore the possibilities and secure your ideal office space.

• CAP approach

  CAP return

  Valuation

  6%

  $30,273,196

  6.5%

  $27,944,488

  7%

  $25,948,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,269,550

  Geo Method

  $12,269,550

• Alternative Use

  Use

  Valuation

  Residential

  $34,651,164

  Hospitality

  $31,740,280

  Educational

  $26,407,542

  Medical

  $27,315,736

  Retail

  $41,078,396

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8905

Longitude

-87.6352

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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