2945 W Harrison Street
Chicago, IL 60612

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Description

Commercial Mixed-Use Investment Property with Multiple Income Stream Potential Don't miss this rare opportunity to acquire a fully renovated commercial mixed-use space, with active rental income, and additional leasable space currently available. The property has undergone extensive interior and exterior updates in the last 5 years, and stands alone its' class on the market. Key Features: Fully Rehabbed Warehouse: Updated and ready for business, ensuring minimal maintenance costs. Existing Tenant: One lessee currently occupying 1 of 3 rentable spaces, providing immediate rental income. Additional Leasable Space: With extra square footage still available for lease, you have ample opportunity to cash flow by securing additional tenants. This property is a unique investment for businesses and investors alike to capitalize on multiple income streams in a prime location. Whether you're an experienced investor or looking for your first commercial property, this is an excellent chance to secure a profitable asset.

Features

• Property Type: Commercial
• Sub Type: Office/Tech
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60612
• Year Built: 1927
• Sq.Ft.: 11,900 sq ft
• Stories: 2
• Units: 3 units
• Zoning: COMMR
• # Of Drive In Doors: 2
• # Of Tenants: 1
• Approximate Age: Older
• Building Area Total: 11900
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.1
• Construction Materials: Brick, Concrete
• Cooling: Central Air, Central Individual
• Directions: South of I-290, East Sacramento Blvd, North Flournoy St, West Francisco Ave
• Electric: Service - 201 to 600 Amps
• Estimated Cam/Sf: 3
• Estimated Tax/Sf: 4.55
• Expense Year: 2024
• Extra Storage Spaces Available (Y/N): Yes
• Fire Protection: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Smoke or Fire Protectors
• Flooring: Concrete, Tile
• Foundation Details: Concrete Perimeter
• Geographic Locale: Chicago West
• Gross Income: 249235
• Gross Scheduled Income: 55040
• Heat/Ventilation: Central Heat/Indiv Controls
• Indoor Parking: 6-12 Spaces
• Information: 48-Hr Notice Required
• Investment (Y/N): Yes
• Leasable Area: 9324
• Leasable Area Units: Square Feet
• Location: TIF Zone, In City Limits, High Traffic Area
• Lot Size Square Feet: 9875
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 6242
• Misc Inside: Computer Floor, Heavy Floor Load, Janitorial Service, Multi-Tenant, Overhead Door/s, Private Restroom/s
• Operating Expense: 15738
• Original Rental Price: 22
• Outdoor Parking: 1-5 Spaces
• Ownership Type: Limited Liability Corp
• Property Offered: For Sale or Rent
• Rental Price: 22
• Roof: Rubber
• Roof Structure: Flat
• Tax Annual Amount: 41132
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Actual Rent: 4950
• Total Annual Expense Source: Combination
• Total Monthly Income: 20769
• Water Drainage: Floor Drains, Storm Sewers
• Water Source: Municipal Water