209 La Salle StChicago, IL 60604

Property Details for 209 La Salle St

Year built

1888

Lot size

0.73 AC

Property size (Sq ft)

283,200 SF

Property type

Office buildings

APN

17-16-222-009

APU

1716222009

Description

The Rookery, a Class A, 288,924 square foot executive office building in Cook County's Central Loop, offers 15 available suites ranging from 1,383 to 24,755 contiguous square feet. Currently, 165,243 square feet are vacant, providing significant opportunities for businesses seeking prime office space in a highly desirable location. Built in 1888, this historic building boasts a multitude of modern conveniences, including proximity to the court systems, hotels, restaurants, gyms, convenience stores, and public transportation (Metra & CTA). The building features multiple tenancies, allowing for flexibility in space requirements. The building's total of 14 suites provides a diverse range of options for businesses of all sizes. Annual operating expenses are estimated at $11.08 per square foot for 2023, and property taxes are estimated at $9.23 per square foot, resulting in a total estimated cost of $20.31 per square foot. This iconic location offers unparalleled access to the city's financial heart and a wealth of amenities, making it an ideal choice for discerning businesses. Inquire today to explore the available spaces and secure your place in this prestigious landmark.

• CAP approach

  CAP return

  Valuation

  6%

  $91,012,408

  6.5%

  $84,011,456

  7%

  $78,010,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,886,800

  Geo Method

  $36,886,800

• Alternative Use

  Use

  Valuation

  Residential

  $104,174,200

  Hospitality

  $95,423,008

  Educational

  $79,390,824

  Medical

  $82,121,200

  Retail

  $123,496,840

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8791

Longitude

-87.6318

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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