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112 S Sangamon StChicago, IL 60607
112 S Sangamon St
Asset ClassOffice
creative loft office investment | owner/user optionality
overview of deal

Overview

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 112 S. Sangamon Street (the “Property”), a creative loft office asset located in Chicago’s booming West Loop neighborhood, one of the city’s most dynamic and supply-constrained submarkets.

 

The 27,337 square foot, four-story property is situated upon 6,888 square feet of land with 50 feet of frontage along Sangamon Street. Currently 54% occupied, the Property generates in-place cash flow while offering a clear value-add opportunity through the lease-up of approximately 12,500 square feet of vacant space across the second and third floors. The fully furnished third floor is move-in ready, providing an owner/user with the flexibility to occupy one or both floors for its own operations while improving and leasing the remaining space to increase cash flow. The combination of existing cash flow and future upside through lease-up helps offset the cost of ownership, allowing an owner/user to build equity in the Property rather than paying rent. Furthermore, the current zoning (DX-5) allows for an additional floor to be built for residential use.

 

The basement is occupied by All In Motion, a boutique fitness operator. The first-floor suites are leased to Fortman, Peterson & Associates and The Sterling Law Office, who are local architectural and law firms. Redfin Corporation, the largest residential real estate brokerage in the country, occupies the entire fourth floor. Redfin is a subsidiary of Rocket Companies, Inc., a publicly traded (NYSE: RKT) homeownership and financial-technology platform.

 

Located in Chicago’s West Loop, the Property sits within one of the city’s most sought-after submarkets, defined by exceptional residential density, strong corporate office demand, and a nationally recognized restaurant and hospitality scene. Surrounded by premier office users, luxury residential developments, and high-end retail and dining, the West Loop continues to attract technology, professional services, and creative tenants seeking an urban, amenity-rich environment. Limited land availability and high barriers to entry make the location fundamentally irreplaceable, positioning the Property for sustained tenant demand and long-term value appreciation.

 

The Property benefits from West Loop’s premier demographics. Within 1-mile, demographics include an average household income of $160,075, a median home value of $491,132, and a total population of 62,795.

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Investment Highlights

⦿ IN-PLACE CASH FLOW + VALUE-ADD OPPORTUNITY

 

⦿ OWNER/USER OPTIONALITY

 

⦿ RARE RENOVATED CREATIVE LOFT OFFICE ASSET

 

⦿ IRREPLACEABLE WEST LOOP LOCATION

 

⦿ IMMEDIATE PROXIMITY TO TRANSIT

 

⦿ SUPERIOR DEMOGRAPHICS

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112 S Sangamon StChicago, IL 60607
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