401 W. Ontario Street

401 W. Ontario Street is located along Ontario Street just north of the Ontario Street feeder ramp in Chicago’s River North neighborhood. River North is a thriving, affluent community with a population of approximately 115,000 within one (1) mile of the subject property, and an average household income of over $148,000 within one (1) mile. The building is conveniently located just north of the Ohio/Ontario exit/entrance ramp providing direct access to the Kennedy Expressway. The location also boasts excellent public transit options with multiple public transit routes nearby including the Merchandise Mart and Chicago Brown and Purple Line CTA “L” Stations, and the Grand Blue and Red Line “L” CTA stations. Additionally, the building is surrounded by an abundance of national and local retailers and is within walking distance of North Michigan Avenue, Chicago’s top shopping destination. Neighboring retailers include East Bank Club, CVS/Pharmacy, Target, Binny’s Beverage Depot, UPS Store, Ascend Cannabis, 7-Eleven, Mixed Greens, Mr. Beef, Erie Café, Portillo’s, McDonald’s, Subway, and Fairground Coffee, among many others.Presenting 401 West Ontario Street, Chicago, a 48,000 SF multi-tenant office building boasting 19 units, tailor-made for savvy commercial real estate investors. Zoned DX-7 and 65% occupied, this property offers the flexibility of opportunities through a value-add opportunity via lease-up / stabilization, or residential / mixed-use development. Strategically situated in a prominent location, this asset promises a strong return on investment and long-term value appreciation. With its impeccable features and promising potential, this offering is a not-to-be-missed opportunity in the heart of the Windy City.401 W. Ontario is a four (4) story multi-tenant office building located along Ontario Street in Chicago's River North neighborhood. The 48,000 square foot office building was renovated in 2016 and is currently 72% occupied. The building is conveniently located just north of the Ohio/Ontario exit/entrance ramps featuring direct access to the Kennedy Expressway. The location boasts excellent public transit options nearby including the Merchandise Mart and Chicago Brown and Purple Line “L” Stations and the Grand Blue and Red Line “L” stations.