CBRE Facilitates Sale of River North Mixed-Use Asset to International Buyer

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.

“This sale is a testament to the enduring strength of Chicago’s urban core and the global investor interest it continues to attract,” said Soltero. “River North remains one of Chicago’s most sought-after submarkets, with strong multifamily fundamentals, world-class retail, and unmatched connectivity. This closing reflects both the patience and strategic positioning of the seller, as well as the buyer’s confidence in the long-term fundamentals of River North.”

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.