Office

303 W Erie

303 W Erie St, Chicago, IL, 60654-3967, US

303 W Erie_Property for Sale

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303 W Erie 2_Property for Sale

Asset description


Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), as the exclusive advisor, presents the opportunity to acquire the 100% fee simple interest in 303 West Erie (the “Property” or “Opportunity”), a creative brick and timber office building located in the Central Social District of River North. Originally built in the early 1900s, the Property has been renovated into a Class A building that provides investors durable cash flow and material embedded upside opportunities. Such opportunities include leasing the single corner retail vacancy, marking leases to market rates, and the adjacent parking lot that provides rare development potential in transit-oriented River North. Further, 303 West Erie is a unique opportunity to acquire a modernized office asset at a substantial discount to replacement cost. All inquiries regarding this asset should be directed to JLL. 

Attributes

Building area Net
62,000 sf
Occupancy
100.00%
Year built
1907

Investment highlights

  • Ideal Combination of Cash Flow Security with Material Embedded Upside
  • Adjacent Parking Lot Provides Development Potential
  • Located in the Central Social District of River North
  • Unrivaled Transit-Oriented Location
  • Incredible Basis at a Substantial Discount to Replacement Cost


303 W Erie 4_Property for Sale
303 W Erie 4_Property for Sale

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Last updated
Oct 3, 2022