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215 West Superior Street

Off-Market

215 West Superior Street, Chicago, IL 60654

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 34,400 Sqft
  • Lot Size 0.11 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1925

Location

  • City Chicago, IL
  • Neighborhood River North
  • Zip Code 60654
  • Market Chicago

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 12 Jan, 2018
  • Purchase Price $7,950,000
  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Chicago

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Chicago Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $37.56
  • 2020 Office Vacancy Rate 10.77 %
  • 2020 Office Completions (Sqft) 3,921,538

Chicago Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $340.24
  • Y-o-Y Avg. PpSF Change 25.08 %
  • 2020 Office Sales Volume $1.5B
  • 2020 Number of Transactions 13
View more Chicago market trends

Tax

  • Property Tax in 2020 $221,027
  • Market Value $4,400,464
  • Assessed Value $4,400,464

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 215 West Superior Street?

215 West Superior Street totals 34,400 square feet.

When was this property built?

215 West Superior Street was built in 1925.

When was 215 West Superior Street last sold?

215 West Superior Street was last sold on 12 Jan, 2018.

What was the last purchase price for 215 West Superior Street?

215 West Superior Street was last sold for $7,950,000.

What is the property tax for 215 West Superior Street?

The property tax for 215 West Superior Street in 2020 was $221,027.

What is the market value for 215 West Superior Street?

The market value for 215 West Superior Street in 2020 was $4,400,464.

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