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232 W Ohio St

Near North Side, Chicago, IL
Lot Size
0 acres

About 232 W Ohio St

This available lot at 232 West Ohio Street is a rare opportunity to develop a completely blank space, and is a fantastic choice for companies looking for a ground lease in Chicago.

Located in the highly coveted River North Neighborhood, this 13,700 square foot lot is near Lake Shore Drive, the Kennedy Expressway, and plenty of public transportation stops. “High-visibility” is the key term for this great lot, since it has 100 feet of Franklin Street frontage and 137 feet of Ohio Street frontage.

The zoning of the lot at 232 West Ohio Street allows for a multi-level building, so the sky is the limit for development in this trendy and classy area.

Signage will be plentiful as well, leaving no shortage of opportunities to advertise the presence of whatever tenant snatches up this lot.

The lot at 232 West Ohio Street sees over 20,000 vehicles per day pass on Ohio Street.

Internet Providers for 232 W Ohio St

Provider Technology Max Download Speed Max Upload Speed
RCN and RCN Business Solutions Fiber
10 Gb/s
10 Gb/s
Zayo Broadband Fiber
10 Gb/s
10 Gb/s
Comcast Cable
1 Gb/s
1 Gb/s
MegaPath Corporation DSL
50 Mb/s
50 Mb/s
AT&T Illinois DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: Near North Side

Most listings are in the $30's per square foot per year. The Near North Side submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 7% increase in rent.

Compared to the rest of the Chicagoland market, the Near North Side region has higher rates, and you'll need to pay a premium to be in this hot region.

Median Rate Median Size
Near North Side $40
/sqft/yr
3,620
sqft
Median Rate Median Size
Chicagoland $24
/sqft/yr
2,400
sqft

Median Rate over Time in Near North Side