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A Historic Landmark Reimagined for Modern Events - In the Heart of Chicago Step into a piece of history-brilliantly reborn. Located in the heart of Chicago, this fully renovated, landmarked building offers a rare fusion of architectural grandeur and contemporary design, meticulously reimagined to serve as a premier event destination. Every inch of the structure has been thoughtfully updated-from the structural and mechanical systems to the interior finishes-creating a seamless blend of historic charm and modern sophistication. Spanning multiple levels and configurations, the property features six distinct event spaces-both indoor and outdoor-each offering its own unique ambiance. From intimate gatherings of 20 to grand celebrations of up to 500 guests, the venue adapts effortlessly to weddings, corporate functions, art showcases, concerts, and more. At the heart of the property is a state-of-the-art concert hall, where acoustics and design come together to deliver unforgettable experiences. For more personal occasions, smaller rooms offer cozy, elegant backdrops filled with warmth and character. Two fully built-out bar areas-one located just off the main hall (formerly a historic church space) and another on the upper level-add convenience and sophistication to any event. Whether you're planning a black-tie affair, hosting a team-building retreat, or curating an immersive gallery experience, this venue is a canvas for creativity and connection. A rare opportunity to own or operate a turnkey event space in one of the city's most dynamic and accessible locations-where history, design, and versatility converge.

Highlights

  • Commercial Sale
  • Mixed Use
  • Built in 1885
  • 461 days on Market

  • Year Built
    1885
  • Stories
    2.0
  • Cooling
    Central Air


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Frequently Asked Questions

How do I schedule a tour of 201 S Ashland Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 201 S Ashland Ave.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 201 S Ashland Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $9,995,000. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Chicago, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 201 S Ashland Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 201 S Ashland Ave at around $68,551. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 201 S Ashland Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Cook County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 201 S Ashland Ave?

In most cases, yes. Whether 201 S Ashland Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Chicago's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 201 S Ashland Ave?

We can handle that for you. Our preferred local agent specializes in commercial sales in Chicago and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $9,995,000 with 41,128 sqft of space—that comes out to approximately $243 per square foot.

How long has this property been on the market?

201 S Ashland Ave was listed on August 11, 2025, which means it's been on the market for 461 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1885, making it approximately 141 years old.

What are the property taxes for 201 S Ashland Ave?

The most recent public record shows annual property taxes for 201 S Ashland Ave were approximately $140,067. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 201 S Ashland Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 15, 2026 at 12:27AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12440217