942-944 W Huron St - Loft/Creative Space FOR SALE


Chicago, IL 60642
$1,800,000 USD
773-862-0200
942-944 W Huron St, Chicago, IL for Sale
$1,800,000 USD
Loft/Creative Space - FOR SALE
1/12
null | 4.49% Cap Rate

942-944 W Huron St
Chicago, IL 60642


HIGHLIGHTS

  • Modern, office building in a timber loft with a commercial, triple net tenant occupying half of the building.
  • Terrific location near Lincoln Yards, Goose Island, downtown and transportation, with flexible M1-3 zoning.
  • See brochure for details.

OVERVIEW

Beautifully appointed building - half is a move-in ready office space, appropriate for tech, legal, marketing, real estate, or any one of a number of application. An existing tenant occupying approximately half the space pays half the real estate taxes of the building, making this a highly attractive location for an owner who needs room to grow while having their cost of borrowing covered by the rent. All an investor needs to do is secure a lease for the other half of the building and it becomes the perfect 1031 exchange, triple net, armchair investment. See brochure for more details or see MLS #12109602.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

4.49%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1896

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

M1-3, Chicago

APN/PARCEL ID

17-08-212-003-0000

ASK ABOUT THIS PROPERTY

David Urbaniak@properties CommercialMore Info
773-862-0200

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David Urbaniak@properties CommercialMore Info
773-862-0200

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