21 South Racine Avenue_Property for Sale
21 South Racine Avenue_Property for Sale
South Racine Avenue 21, Chicago, IL, 60607, US

21 South Racine Avenue

Asset description

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a spectacular investment opportunity located at 21 South Racine Avenue in Chicago, Illinois (“The Property”). Located on the northeast corner of South Racine Street and West Arcade Place, 21 South Racine is positioned in Chicago’s renowned West Loop. A former meatpacking district and home to Fulton Market, West Loop offers an ideal live-work-play lifestyle surrounded by state of- the-art offices, renowned restaurants, entertainment, and Fortune 500 headquarters. 21 South Racine is a 17,963 square foot land site which is currently improved with a +/- 18,626 square foot owner user office/flex building and zoned DX-3 (Downtown Mixed-Use District). The Property benefits from residing in the Downtown Expansion Area, allowing for higher density mixed-use development. Home to various headquarters, such as McDonald’s Global and Google’s Midwest, 21 South Racine’s strategic location within West Loop is positioned to capitalize on the neighborhoods continued rapid growth making it a premier high density development opportunity.

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Attributes

Building area net
18,626 sf
Land area gross
17,963.00 sf
Year built
1947

Media

Investment highlights

  • Chicago’s Renowned West Loop


  • Educated & Affluent Demographics


  • Multi-Housing Demand Exceeds Supply, Supporting Outsized Rent Growth


  • Surrounded by Major Employers & Fortune 500 Headquarters


  • Corporate Growth and Relocations Solidify West Loop as the Premier Office Market


  • Strong Spending Power in the Neighborhood
21 South Racine Avenue 4_Property for Sale
21 South Racine Avenue 4_Property for Sale

Contact brokers

21 South Racine Avenue (0 Properties)

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Last updated
Feb 27, 2024