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IllinoisCRE

CBRE closes sale of mixed-use property in Chicago’s River North neighborhood

August 19, 2025
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Photo courtesy of CBRE.

CBRE today announced the sale of 219 W. Chicago Avenue, a boutique mixed-use property located in Chicago’s River North neighborhood. The transaction marks the first investment in Chicago for the international buyer, underscoring the city’s continued global appeal and resilience.

CBRE’s Dominic Soltero, Tom Svoboda, and John Saletta represented the seller in the transaction. The property was acquired for $3,200,000 in a transaction that closed on 7/30/2025.

219 W. Chicago Avenue spans 19,615 square feet and features a creative loft office profile tailored to the city’s thriving tech and creative sectors. The asset is currently 78% leased.

The property benefits from DX-5 mixed-use zoning, allowing for future conversion to high-rise residential, office, or apartment use with ground-floor retail. On-site parking, proximity to public transit, and adjacency to a separately listed development parcel further enhance its appeal.

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