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Property Detail

West Superior Street
River North, known for art and entertainment, is one of the City’s premier locations to live .
$7,900,000

Description

  • River North, known for art and entertainment, is one of the City’s premier locations to live, work and play.
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  • Poised for an owner/occupant to access to a highly educated workforce, open floor plans and proximity to transportation.
  • Adaptive re-use opportunity with DX-5 zoning (Downtown Mixed-Use) allows for 70,000 square feet and potential for up to 113,000 square feet.
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  • Opportunity to combine energy efficient improvements with C-PACE financing for enhanced returns.

Executive Summary

The Colliers | Chicago Office and Multifamily Capital Markets Teams are the exclusive agents for the sale of 225 W. Superior, Chicago, Illinois (the “Property”). Nestled in the heart of Chicago’s River North, the Property is steps from the CTA Brown Line at Franklin Street with connections to train lines traversing the city. This section of River North is known for its art and gallery district and highly desirable apartment/condo living. The location near multiple transportation routes and its proximity to nearby restaurants and hotels makes this a perfect site for commercial or residential tenants alike.

This three-story structure totaling approximately 56,000 rentable square feet sitting on .3214+/- acres is prime for re-development. The square footage includes approximately 14,000 square feet used for underground storage and parking accessed directly from Superior.
The Property had been occupied by Norvax, operating as GoHealth, since 2018. They vacated the Property as of June 30, 2024. This presents a unique opportunity for an owner-occupier to acquire 56,000 square feet for their operations or for a developer seeking a rare free and clear site for a TOD residential development.

Re-development Opportunity

Listing ID : 00821

SKU: 821

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Price History

DateEventPrice
December 11 2024Listed$7,900,000.00