1030 W Van Buren - YMCA — Sale in Chicago, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: Chicago, IL 60607
- Size: 17,382 SF
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Description
Jones Lang Lasalle Americas (Illinois), L.P. (“JLL”), has been exclusively retained in presenting the opportunity to acquire fee simple interest in 1030 W. Van Buren Street (the “Property”), a 64,520 square foot building on a 26,030 square foot site + a 47 car parking lot measuring 17,382 SF in Chicago’s West Loop neighborhood. 1030 W. Van Buren is a transit-oriented site which benefits from the tremendous activity occurring in this rapidly expanding neighborhood. Known for its proximity to Chicago’s world-renowned restaurant row, trendy boutique hotels and trophy office buildings, the West Loop is the most desirable live-work-play destination for Chicago’s affluent and highly educated professionals. This discerning population is demanding the highest quality amenities, and retailers, restaurateurs and developers are seeking to capitalize on this sophisticated clientele. The Property is currently zoned DX-5 (Downtown Mixed-Use District) and DS-3 (Downtown Service District) and lies proximate to Chicago’s downtown expansion area overlay. JLL believes it is possible to rezone the site, allowing for a higher density development project via vertical expansion of the existing asset or new ground up development on the parking lot. A multitude of future uses are feasible given the adjacent built environment includes: multi-family apartments, luxury condo, student housing, medical, creative office and hospitality.
Market Context
This office in Chicago, IL is listed for sale across 17,382 SF. Compare it against other office listings for sale in Chicago, IL — view the full market.
As of Q1 2026, the Chicago office market showed a 27.2% vacancy rate, and average asking rents near $45.41/SF/yr. Source: multiple brokerage reports, Q1 2026.
Above-average vacancy gives buyers leverage and a wide set of comparables.
Office market FAQ
- Is the Chicago office market tightening or softening?
- Vacancy is around 27.2% (Q1 2026).
Estimated Price per SF
$53.68/SF – $390.43/SF
Mid: $162.68/SF
Estimated price for 17,382 SF: $2,827,704 (range $933,066 – $6,786,454)
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Dan Reynolds · 3122282437 · dans.reynolds@jll.com
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