434 Ontario StChicago, IL 60654

Property Details for 434 Ontario St

Year built

1911

Lot size

0.11 AC

Property size (Sq ft)

133,400 SF

Property type

Office buildings

APN

17-09-127-019

APU

1709127019

Description

This exceptional 4,977 square foot office space, located in Chicago's vibrant River North submarket at 434 W Ontario St, offers a unique blend of character and functionality. Situated within a four-story, Class C building, this space boasts impressive features including high wood-beamed ceilings, hardwood floors throughout, and an abundance of built-in cabinetry and storage, a legacy from its previous use as an architect's office. The layout includes three private offices, an oversized conference room, a kitchenette/break room, and separate men's and women's restrooms. The space benefits from ample natural light thanks to a full window line on the south side. The building features an elevator, which opens directly into a dramatic round reception area, and building signage is available. The property is zoned DX-7 and has a Cook County APN of 17-09-127-019-0000. Electricity is metered separately at a rate of $1.20 per square foot annually. While currently offered as a single 4,977 square foot unit, there is potential for subdivision to approximately 2,500 square feet. This property presents a rare opportunity to secure a distinctive and well-appointed office space in a highly desirable location. The total building size is 24,810 square feet, encompassing three suites. The minimum divisible space is 4,977 square feet, and the maximum contiguous space is also 4,977 square feet. Currently, 4,977 square feet are vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $42,870,960

  6.5%

  $39,573,192

  7%

  $36,746,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,375,350

  Geo Method

  $17,375,350

• Alternative Use

  Use

  Valuation

  Residential

  $49,070,760

  Hospitality

  $44,948,552

  Educational

  $37,396,668

  Medical

  $38,682,796

  Retail

  $58,172,592

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8934

Longitude

-87.64

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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