1025 W Sunnyside Ave - Loft/Creative Space FOR SALE


Chicago, IL 60640
$5,300,000 USD
312-634-6186
1025 W Sunnyside Ave, Chicago, IL for Sale
$5,300,000 USD
Loft/Creative Space - FOR SALE
1/23
null | Request Cap Rate

1025 W Sunnyside Ave
Chicago, IL 60640


HIGHLIGHTS

  • Located at the signalized corner of Broadway and Sunnyside Avenue across the street from the Wilson Yard Development.
  • Sunnyside Commons is also just one block away from the Wilson CTA stop which serves over two million passengers boarding from this station annually.
  • Features an attractive tenant mix that caters to the regional demographics.
  • Currently owned by a non-profit and is real estate tax exempt.
  • Significant upside to leasing ground floor (25% of RSF) to a retail user.
  • Over 2,300 new apartment units to be delivered in Uptown within 12-36 mos.

OVERVIEW

Sunnyside Commons is a fully renovated, historic office building that can be delivered vacant for an owner/user within the heart of the Uptown neighborhood of Chicago, IL. Ideally located along the heavily trafficked N. Broadway, the Property features an attractive tenant mix that caters to the regional demographics. The site is currently owned by a non-profit and is real estate tax exempt. The Building sits at the signalized corner of Broadway and Sunnyside Avenue across the street from the Wilson Yard Development, a recent development that features two residential towers, Target, Aldi, and a public parking structure. The Property greatly benefits from its location along Broadway which is a main thoroughfare bisecting the retail corridor of Uptown and connects to U.S. Route 41, which provides access to downtown Chicago, approximately eight miles south of the Property. Sunnyside Commons is also just one block away from the Wilson CTA stop which serves over two million passengers boarding from this station annually. Located roughly nine miles north of downtown, the Uptown community in Chicago stands as a dynamic and diverse urban haven, teeming with positive energy and vibrant character. Known for its inclusive atmosphere and proximity to Lake Michigan, this neighborhood appeals to a mix of residents, from young professionals to families and retirees totaling over 166,000.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

B3-3

APN/PARCEL ID

14-17-225-033-0000

ASK ABOUT THIS PROPERTY

Chad BerminghamAvison YoungMore Info
312-634-6186

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Chad BerminghamAvison YoungMore Info
312-634-6186

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.