209 W Jackson_Property for Sale
209 W Jackson_Property for Sale
209 W Jackson Blvd, Chicago, IL, 60606-6907, US

209 W Jackson

Asset Description

Benefiting from a transit-oriented location within the West Loop, the lender owned Property is provides a basis reset opportunity at the epicenter of nearly $2.4 billion of amenity rich developments, parks, and public spaces completed between 2019-2022. The 12-story 142,997 rentable square foot (“RSF”) Property currently operates as a 33.9%* leased mixed-use office and retail building with 4.4 years of remaining weighted average lease term (“WALT”). Originally constructed in 1896, 209 W Jackson is recognized by the National Register of Historic Places, providing investors with the potential for lucrative subsidies available via Historic Tax Credits (“HTC”) and Class L Property Tax Incentives (“Class L”). Paired with flexible underlying DC-16 Downtown Mixed-Use zoning and a highly adaptable boutique floor plan, the Property presents investors with exceptionally rare optionality to pursue a broad range of as-of-right adaptive reuses.

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Attributes

Building area gross
142,777 sf

Media

Investment Highlights

  • Lender Owned Basis Reset Opportunity with Available Financing
  • Irreplaceable Transit-Oriented & Amenity Rich Location 
  • Developer Friendly As-Of-Right Zoning
  • Existing National Landmark Status Provides Path For Valuable Government Subsidies
  • Versatile Boutique 12,000 RSF Floor Plates 
  • Valuable In-Place Commercial Income Anchored by Reputable Retailers 


209 W Jackson 4_Property for Sale
209 W Jackson 4_Property for Sale

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209 W Jackson (0 Properties)

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Last updated
16 May 2024