Transwestern Commercial Services Illinois is pleased to exclusively present the real estate offering located at 440 W. Ontario St., Chicago,
Illinois located in downtown Chicago’s up-and-rising River North neighborhood. Chicago’s vibrant River North neighborhood sits within
close proximity to dining, entertainment and retail, with direct access to I-90/94 and a quick walk to the nearby public transportation spots.
The offering includes an existing 26,000 square foot office creative loft building located on 0.31 acre and includes a rare 12 car dedicated
parking lot. The building is 3.5 stories, with 3 floors above grade with a fully useable sub-grade lower level. The asset has been substantially
renovated, significantly retrofitted, and attentively maintained over the last 25 years by the same ownership group.
This real estate investment is unique and versatile to satisfy several future uses. The office building is currently vacant and ideal for purchase
by an owner occupant, investor, or developer.
Given the scarcity of land for new development in Chicago’s downtown area, the land value alone is of significant value. From a redevelopment perspective, the current zoning permits high rise development with potential up to 12 stories.