CBRE Brokers $3.2M Sale Of 19,615 SF Office Property At 219 West Chicago Avenue

An office property located at 219 West Chicago Avenue in Chicago has been sold for $3,200,000. The asset covers a total of 19,615 square feet and is currently 78% leased. The property falls under DX-5 zoning, which allows for potential high-rise residential, office, or apartment conversions with ground-floor retail.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $3,200,000
• Square Footage: 19,615 SF
• Price Per Square Foot: $163
• Address: 219 West Chicago Avenue
• Market: Chicago

The deal was brokered by Dominic Soltero, Tom Svoboda, and John Saletta from CBRE. This transaction marks the international buyer's first investment in Chicago.