1033 West Van Buren — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Chicago, IL 60607

Photos

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Description

Rare West Loop Timber Loft Redevelopment Opportunity, Ideal for Residential Conversion or Owner/User To view Offering Memorandum, please visit: https://www.cbredealflow.com/buyer/agreement?pv=Sx-qdxriHwG_HQcsQCBmWYPua3qAkWw3M2jfS2wnbWhcSLrD3S4MyiPwV40GTz_g CBRE, Inc, has been exclusively retained as exclusive advisor and agent to offer the 100% fee simple interest in 1033 West Van Buren, (the “Property”), a fully renovated, brick and timber creative loft office building located near the Fulton Market submarket of downtown Chicago, Illinois. Fulton Market is one of the hottest submarkets in the entire country with strong occupancy across most sectors. With no lease restrictions, this desirable seven floor timber loft office building is a fantastic redevelopment candidate and/or a value-add opportunity. Its proximity to nearby Fulton Market, and a location within a block of the CTA and freeway off-ramps, also makes the asset an ideal opportunity for owner/users. It is also in the immediate vicinity of the University of Illinois at Chicago campus (33,000 students) and Illinois Medical District (30,000 employees). Friendly floor plates and proper setbacks makes this a great residential conversion candidate.

Market Context

This office in Chicago, IL is listed for sale. 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

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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