222 Morgan StChicago, IL 60607

Property Details for 222 Morgan St

Year built

1897

Lot size

0.22 AC

Property size (Sq ft)

20,000 SF

Property type

Office properties

APN

17-17-218-020-1004

APU

17172180201004

Description

222 S. Morgan Street offers 19,000 square feet of immediately available creative office space in Chicago's vibrant Fulton Market/West Loop submarket. This five-story, Class D building, originally constructed in 1920 and renovated in 2000, boasts a unique character with heavy timber loft construction. The building features 12-foot ceilings and expansive windows on all four sides, providing abundant natural light. Units range from a minimum of 1,175 square feet to a maximum contiguous space of 5,223 square feet, with a total building area of 36,282 square feet. The property includes two elevators for convenient access to all floors. Located at the intersection of Jackson and Morgan Streets in Cook County, Illinois (zip code 60607), this property offers a prime location within a thriving commercial district. Property taxes are $3.25 per square foot. Multiple tenancy options are available. This is an exceptional opportunity to secure a unique and well-located office space in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,427,430

  6.5%

  $5,933,012

  7%

  $5,509,226

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,605,000

  Geo Method

  $2,605,000

• Alternative Use

  Use

  Valuation

  Residential

  $7,356,936

  Hospitality

  $6,738,913

  Educational

  $5,606,696

  Medical

  $5,799,520

  Retail

  $8,721,528

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8784

Longitude

-87.6523

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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