2240 W Ogden Ave
Chicago, IL 60612

Unique urban infill investment opportunity in Chicago's Illinois Medical District (IMD). 39,147 square foot brick and timber loft office building with substantial income currently in place and multiple avenues to create additional value. Quality tenancy with term remaining but room to increase rents at rollover. Property contains an abundance of parking that is rare anywhere in the City of Chicago with an ability to offer nearly 2.5 spaces per 1000 SF of rentable area. The Property is located in the Illinois Medical District (IMD), a special-use zoning district two miles west of Chicago' s Loop CBD. The IMD consists of 560 acres of medical research facilities, health care related facilities, labs, medical universities, and four major hospitals including the Jesse Brown VA Medical Center, Rush University Medical Center, John H. Stroger Hospital of Cook County and The University of Illinois Hospital & Health Sciences System. With its proximity to the South Loop, West Loop, Pilsen and Near West Side, the IMD is very well situated for speculation and development. The IMD is located 2 miles west of Chicago's Loop CBD adjacent to hot submarkets such as the Near West Side, West Loop and Pilsen neighborhoods. The IMD itself is a demand driver, with healthcare and research-related businesses having a need for space in proximity to the medical research facilities, labs, universities, and hospitals that anchor the area.