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$980,000
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Property Description
Discover the exceptional investment potential of 223 W. Lake Street, a premier first-floor commercial space situated in the bustling downtown Loop. Offering 4,900 square feet of flexible space within a mixed-use property, this location is a blank canvas ready to transform into an inspiring creative office or a dynamic retail space. Boasting a highly sought-after Lake Street address, this property is surrounded by the vibrant energy of Chicago's central business district, with unparalleled foot traffic, abundant public parking, and proximity to transportation hubs. The expansive floor plan provides the versatility to cater to various business needs, from modern collaborative workspaces to captivating retail environments that draw customers in. Whether you're a business owner seeking a strategic location or a real estate investor aiming to maximize returns looking to diversify into Chicago's thriving market, 223 W. Lake Street presents an unmatched opportunity to establish a presence in one of the city's most dynamic corridors. This space is in walking proximity to Google's new Chicago Headquarters. Seize this chance to secure a property that blends prime location, adaptability, and growth potential-all in the heart of Chicago. The ventilation ductwork is being removed by owner.
Full Property Details
Full Property Details for 223 W Lake St
General
- Price: $980,000
- Taxes: (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12596648
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s)
Location
- Area: CHI - Loop
- County: Cook
- Driving Directions: West on Lake Street to address.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Forced Air
Structural Information
- Drive-In Doors: 1
- Stories/Levels: 1
- Square Feet: 4,900
- Year Built: 1985
Lot Features
- Lot Size (Sq. Ft.): 4,900
- Lot Dimensions: PER SURVEY
- Zoning: COMMR
Financial Considerations
- Lease Price: $35
- For Sale/Rent/Lease: For Sale or Rent
- Security Deposit: Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1985
- Tax Year: 2024
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 17094300050000
Listed by Jameson Commercial
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Schools
Schools serving 223 W Lake St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
South Loop Elementary School 1212 South Plymouth Court, Chicago, IL 60605 | PK-8 | 1.3 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 223 W Lake St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$110,715
—
$361,250
-31%
2023
$110,715
3%
$524,738
—
2022
$107,929
2%
$524,738
—
2021
$105,520
71%
$524,738
90%
2020
$61,622
76%
$276,617
59%
2019
$35,012
—
$174,263
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 223 W Lake St
223 W Lake Street, Chicago, IL 60606 (MLS# 12596648) is a Commercial property. 223 W Lake Street is currently listed for $980,000 and was received on August 04, 2026. Want to learn more about 223 W Lake Street? Do you have questions about finding other Commercial real estate for sale in The Loop? You can browse all The Loop real estate or contact a Coldwell Banker agent to request more information.

