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Fulton Labs at 400 North Aberdeen

Off-Market

400 North Aberdeen Street, Chicago, IL 60642

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  • Property Type Office
  • Property Size 423,460 Sqft
  • Lot Size 0.42 Acre
  • Parking Spaces Avail. 173
  • Parking Ratio 0.41/ 1,000 SF
  • LEED Proposed Certified Silver
  • Building Class A
  • Year Built 2021

Location

  • City Chicago, IL
  • Neighborhood West Town
  • Zip Code 60642
  • 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 Price
  • Arm's Length True
  • 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 $47,009
  • Market Value $932,792
  • Assessed Value $932,792

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

Frequently Asked Questions

What is the total square footage of Fulton Labs at 400 North Aberdeen?

Fulton Labs at 400 North Aberdeen totals 423,460 square feet.

When was this property built?

Fulton Labs at 400 North Aberdeen was built in 2021.

What is the property tax for Fulton Labs at 400 North Aberdeen?

The property tax for Fulton Labs at 400 North Aberdeen in 2020 was $47,009.

What is the market value for Fulton Labs at 400 North Aberdeen?

The market value for Fulton Labs at 400 North Aberdeen in 2020 was $932,792.

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