CBRE, as an exclusive agent, is pleased to present the opportunity to acquire 1525 West Homer Street (“the Property”), a 25,000 SF flex/loft office building in the coveted Lincoln Park / Bucktown area.
While cash flowing with two full floors of value add, the Property is 76.9% occupied with affordable rents, making it easy to keep and attract tenants. Positioned close to the highly anticipated Lincoln Yards Development, there are 11 parking spaces adjacent to the Property, plus ample street parking.
Situated in a growing area with increasing demand for flexible office solutions, this Property also presents a unique opportunity for an owner/user investor to secure an asset in a thriving market. In a great location for commuters of all types, the Property sits near key intersections of Elston Avenue, Armitage Avenue, Ashland Avenue, the Clybourn Metra Station, and the I-90 Expressway.
One tenant just renewed for 3 more years showing their commitment to the building and area and ownership is in talks with new tenants about taking space on the 3rd floor. A ground floor tenant is in discussion now about expanding onto the 3rd floor as well. Very positive momentum for the building!