Receivership Sale: Value-Add Office Property / Potential Conversion Opportunity in Downtown Chicago

Investment Overview

The offering presents a rare opportunity to acquire a three-building contiguous office portfolio with meaningful lease-up, repositioning, and redevelopment potential in the heart of Chicago’s River North neighborhood. The portfolio consists of a six-story, 47,880-square-foot office building at 215 W Ohio Street, a two-story, 3,654-square-foot building at 221 W Ohio Street, and a three-story, 8,811-square-foot building at 223 W Ohio Street, combining for 60,345 coniguous square feet. With immediate vacancy across the entire portfolio, the Property offers investors the flexibility to pursue a traditional office leasing strategy, execute a broader repositioning plan, or capitalize on longer-term multifamily, hospitality, or mixed-use conversion potential. Positioned in one of Chicago’s most desirable urban neighborhoods, the Property benefits from immediate access to the Ohio/Ontario feeder ramps, nearby public transit, and River North’s dense concentration of dining, retail, hospitality, and residential demand drivers.

Investment Highlights

• 60,345 SF three-building office portfolio in Chicago’s River North neighborhood
• Rare opportunity to acquire a value-add downtown asset with meaningful upside through lease-up, repositioning, or future multifamily, hospitality, or mixed-use redevelopment
• Located in one of Chicago’s most amenitized urban neighborhoods, surrounded by strong residential, retail, dining, and hospitality demand drivers