West Loop / Fulton Market Office Building Overlooking Mary Bartelme Park

112 S Sangamon St Chicago, IL 60607

112 S Sangamon St, Chicago, IL, 60607
112 S Sangamon St, Chicago, IL, 60607
FOR SALE FOR LEASE
Property Type:
Other Office
Amount:
$6,750,000
Last Verified:
Mar 14, 2025

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Highlights


Description

The SVN Chicago Commercial Urban Team is exclusively presenting the sale of 112 S Sangamon Street, an ideal West Loop/ Fulton Market location providing a rare opportunity to accommodate a company needing up to 6,250 SF of contiguous space at a price point well below other options in the area. The site benefits from its immediate vicinity to West Loop and Fulton Market.

The four-story property sits on a ~6,888 SF lot and is directly across from Mary Bartleme Park. Walking distance to restaurants, shops, hotels, CTA Blue, Pink and Green lines and a stone’s throw from UIC, the Illinois Medical District and Central Business District. Ideal property for an owner/user or investor looking to join the most in-demand neighborhood in Chicago at an affordable price point.

This property is owned by an Illinois Real estate broker.

Premier loft office spaces located across from Mary Bartelme Park.

In addition, the property has easy access to 90/94 and 290 expressways with parking available nearby. Space is steps to Greektown, Mariano's, and Whole Foods. This property is owned by an Illinois Real estate broker.

The West Loop/Fulton Market is Chicago’s former warehouse district and is among the most rapidly developing neighborhoods in the country and recently ranked by TimeOut as one of the top 20 coolest neighborhoods in the world. Originally a mix of factories, meat markets, and wholesale produce outlets, the neighborhood has seen a major demographic shift over the last decade. The historic brick and timber loft buildings that define the neighborhood have largely been converted to other uses, including a mix of luxury condos, creative offices, art galleries, critically acclaimed restaurants, hotels, and retail boutiques.

The area has evolved into a must-see destination for locals and visitors who want to eat well. With new restaurant concepts opening on almost a weekly basis, the area boasts everything from Michelin Star-rated Blackbird, Elske, Roister, Oriole, Smyth & The Loyalist and Sepia restaurants to more casual options like Green Street Smoked Meats, Shake Shack, Sweetgreen, Parlor Pizza, Federales, Nando’s and Roti. Other well-known dining options include Girl and the Goat, Little Goat, Monteverde, Beatrix, Swift and Sons, Au Cheval, Lena Brava, Aviary, Momotaro, City Winery, Publican and Avec.

The neighborhood’s international reputation continues to grow with the expansion of Google’s Midwest headquarters, and the opening of McDonald’s Global headquarters, Soho House hotel, Nobu Restaurant and hotel, Hoxton hotel, the We Work co-working building, Punch Bowl Social and The Emily Hotel. Other companies calling the West Loop home include Uber, Ernst & Young, WPP, LinkedIn and Twitter. High-end retailers are also recognizing the area’s potential with the recent additions of Anthropologie, Free People, Billy Reid, Aesop and Blue Mercury.

Excellent public transportation options including Metra train access at Ogilvie and Union Station combined with one of the city’s newest CTA stations with an annual ridership of almost 1 million passengers yearly. The Morgan and Lake station will continue to attract businesses and residents alike, making the West Loop one of Chicago’s most exciting and desirable neighborhoods.

Building Size: 31250sq ft
Building Class: B
Lot Size: 0.16 acres


Documents

112 S Sangamon - Sale OM 2025.pdf
112 S Sangamon - Leasing Brochure 2025.min.pdf

Units for Lease

Second Floor
Space Available: 6250 SF
Lease Type: Modified Gross

Price Per Sqft/Year: $22.00
3rd Floor - Suite 3B
Space Available: 1900 SF
Lease Type: Modified Gross

Price Per Sqft/Year: $22.00
Suite 3A
Space Available: 4250 SF
Lease Type: Gross

Price Per Sqft/Year: $22.00


Map of 112 S Sangamon St, Chicago, IL, 60607

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
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