April 12, 2022

Adjacent West Loop lofts listed for combined $22M, highlighting area’s growth

Adjacent loft buildings in Chicago’s hot West Loop hit the market at a combined $21.7 million this week, far exceeding the value of recent mortgages backed by either of the properties.

The buildings, which hold recording and fitness studio businesses, including the Chicago Music Garage, where artists like Sting and Chance the Rapper have recorded, are at 345 North Loomis Street and 350 North Ogden Street, according to Greenstone Partners, the brokerage marketing the properties. They’re billed as potential redevelopment opportunities.