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$ 359,000
Est. payment | /mo
45,058 SqFt
$ 359,000
Est. payment | /mo
45,058 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 45,058 sqft
Price per Sqft $7
MLS Listing ID 12322367
Year Built 2007
Annual Tax Amount $12,169
Tax Year 2023
Lot Dimensions .10
Property Sub-Type Retail/Stores
Property Description
A rare retail and office condo in the heart of the West Loop presents a solid NNN investment opportunity with a long-term medical wellness tenant already in place. The lease is secured until August 2026 and includes two five-year renewal options. The unit includes one indoor garage parking space with convenient rear access. The seller is providing favorable financing terms. This represents an excellent investment opportunity with a positive cash flow asset and no maintenance required in one of Chicago's most desirable neighborhoods. It is located near highway access and is in proximity to the Washington/Wells Station and Ogden Avenue, just 5 minutes from the United Center. The city council has approved the 1901 Project, a seven billion dollar development that will transform 55 acres into a sprawling campus featuring music venues, retail, hotels, green spaces, and affordable housing. Construction starts this spring.
Location
State IL
County Cook
Area Chi - Near West Side
Zoning COMMR
Interior
Cooling Central Air, Central Individual
Flooring Vinyl
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 6
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Listed by Tuyen Nguyen • Chicago Real Estate Resources
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "