833-845 W Chicago Ave - Office FOR SALE


Chicago, IL 60642
$11,900,000 USD
773-983-1553
833-845 W Chicago Ave, Chicago, IL for Sale
$11,900,000 USD
Office - FOR SALE
1/31
null | 4.39% Cap Rate

833-845 W Chicago Ave
Chicago, IL 60642


OVERVIEW

Prime Chicago's West Loop, a neighborhood combining commercial and residential at the corner of Chicago Ave., and Green St., just steps west of Halsted St., historical charm six-story brick loft timber building with today’s functionality, featuring passenger elevator, 13’ and 12’ ceilings height, original exposed brick walls, each floor has 2-sets of large female and male bathrooms, 2-wide staircase on the east side and the northwest side, exposed heat and AC ceiling ducts, lots of wide & large windows providing natural lights in, 2009, sprinkler system, 833- 843, Chicago Ave., buildings are 3-story height. Minutes to Chicago’s loop, Magnificent Mile/Michigan Ave., major roads, interstate, bus stops, and within a short distance to the train station. 3-toproof furnaces, 2020 and 2010. Downtown service district, of DS 5 zoning/downtown's periphery with continued growth. This beautiful building and great location provide immediate stable income with value-add opportunity/potential. The property is currently about 80% occupied. The street level 10,000 Sq. ft. retail space is strongly established and presents solid income. Possible conversion of multifamily apartments.

FOR SALE DETAILS

PRICE

$11,900,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

4.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,095 SF

ZONING

B

APN/PARCEL ID

17-08-209-005-0000

ASK ABOUT THIS PROPERTY

Mark AhmadCentury 21 AffiliatedMore Info
773-983-1553

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Mark AhmadCentury 21 AffiliatedMore Info
773-983-1553

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