312-994-5796
622-632 W Roosevelt Rd, Chicago, IL for Sale
Storefront Retail/Office - FOR SALE
1/4
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622-632 W Roosevelt Rd
Chicago, IL 60607


HIGHLIGHTS

  • Located in South Loop, surrounded by diverse retailers, and with easy access to I-90 and public transportation
  • 622 W. Roosevelt 1st Floor and LL has been leased to a national dispensary
  • 622 W. Roosevelt has undergone a complete renovation
  • On-site parking behind building
  • Located in DS-3 Downtown Service District enterprise zone, no transfer tax upon sale
  • 100’ from Dan Ryan Expressway (I-90/94)

OVERVIEW

SUBJECT TO OFFER - 17,232 RSF of office and retail space located in South Loop, surrounded by diverse retailers, and with easy access to I-90 and public transportation. 622 and 632 W. Roosevelt can be purchased together or separately. Value add opportunity for investors or owner-occupiers. 622 W Roosevelt: 10,632 RSF - 52.75% leased (1st floor and lower floor leased to a national dispensary) The building has undergone a complete renovation, which includes: • New elevator • Upgraded HVAC systems • Widened stairwells • High ceilings • New in-suite bathrooms • New elevator lobby • New interior and exterior doors • Acreage: .13 acres • Built in 1904 • On-site parking behind building • Located in DS-3 Downtown Service District enterprise zone, no transfer tax upon sale • Real Estate Tax Parcels: 17-16-331-030-0000 632 W. Roosevelt: 6,600 RSF Perfect ground-floor space for retail or service-oriented businesses looking for a vibrant urban location. 100’ from Dan Ryan Expressway (I-90/94) • 70’ of frontage on Roosevelt Road and 94’ on Des Plaines Street • Acreage: .19 acres • 32,000+ vehicles per day on Roosevelt Road • Built in 1964 • Windows replaced in 2022 • On-site parking behind building • Located in DS-3 Downtown Service District enterprise zone • No transfer tax upon sale • Real Estate Tax Parcels: 17-16-331-029-0000

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Roosevelt Office Lofts and Retail Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,195 SF

ZONING

DS-3

APN/PARCEL ID

17-16-331-029-0000,17-16-331-030-0000

ASK ABOUT THIS PROPERTY

Craig NadborneBA Loft Leasing DivisionMore Info
312-994-5796

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Craig NadborneBA Loft Leasing DivisionMore Info
312-994-5796

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