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Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Building Area Gross

Asset Description

1016 West Jackson is situated on approximately 0.59 acres (25,784 sf.) and is currently improved as a 29,912 square foot 5-story shared suite office building with surface parking in the rear. The Property is currently zoned DS-3 (Downtown Service District) and lies proximate to Chicago's downtown expansion area overlay. JLL believes it would be feasible to rezone the site and envisions a large scale residential development as a future use for 1016 W. Jackson.

Investment Highlights

1016 W. Jackson represents a prime opportunity to control a highly visible site in the flourishing West Loop neighborhood.


1016 W. Jackson allows a developer or investor to lease space within the existing improvements in the interim before developing on the site.


Chicago's residential resurgence has been driven by the West Loop, where 4,885 units have delivered since 2015 with a 95% average occupancy.


The West Loop has rapidly transformed into a high-density neighborhood characterized by creative office, luxury high-rise housing, boutique hotels, trendy retail, and a renowned dining and nightlife scene. The neighborhood's character, history and amenities will continue to attract young professionals, retailers, restauranteurs and both early stage and global businesses alike.

Last Updated Date: 05 Jan 2022

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Last Updated Date: 05 Jan 2022

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