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215, 221, & 223 West Ohio Street, 3 Office Properties in Chicago, IL
Investment Highlights
- Three (3) building office portfolio featuring 60,345 SF of contiguous space in Chicago’s River North neighborhood
- Located in one of Chicago’s most amenitized urban neighborhoods, surrounded by strong residential, retail, dining, and hospitality demand drivers
- DX-7 zoning on a 0.29-acre lot, ideal for adaptive reuse or long-term redevelopment strategies.
- Rare opportunity to acquire a value-add downtown asset with meaningful upside through lease-up, repositioning, or conversion
- Surrounding retailers and attractions include Whole Foods, Target, Eataly, Merchandise Mart, and Starbucks.
- Immediate access to Ohio/Ontario feeder ramps and proximity to public transportation options.
Executive Summary
The offering presents a rare opportunity to acquire a three (3) building contiguous office portfolio with meaningful leaseup, repositioning, and redevelopment potential in the heart of Chicago’s River North neighborhood. The portfolio consists of a six-story, 47,880-square-foot office building at 215 W Ohio Street, a two-story, 3,654-square-foot building at 221 W Ohio Street, and a three-story, 8,811-square-foot building at 223 W Ohio Street, combining for 60,345 coniguous square feet. With immediate vacancy across the entire portfolio, the Property offers investors the flexibility to pursue a traditional office leasing strategy, execute a broader repositioning plan, or capitalize on longer-term multifamily, hospitality, or mixed-use conversion potential. Positioned in one of Chicago’s most desirable urban neighborhoods, the Property benefits from immediate access to the Ohio/Ontario feeder ramps, nearby public transit, and River North’s dense concentration of dining, retail, hospitality, and residential demand drivers.
Property Facts
| Sale Conditions | Individually For Sale | 0 | |
| Sale Type | Investment or Owner User | Total Building Size | 60,345 SF |
| Status | Active | Total Land Area | 0.29 AC |
| Number of Properties | 3 |
| Sale Conditions | |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 60,345 SF |
| Total Land Area | 0.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bold Gallery Lofts
215 W Ohio St, Chicago, IL 60654 |
Office | 47,880 SF | 1909 | - |
| 223 W Ohio St, Chicago, IL 60654 | Office | 8,811 SF | 1880 | - |
| 221 W Ohio St, Chicago, IL 60654 | Office | 3,654 SF | 1920 | - |
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Contacts
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Matt Tarshis -
Andrew Rubin -
Andrew Slovis -
Zack Pearlstein -
Frontline Real Estate Partners
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