400 E Randolph Street #717
Chicago, IL 60601

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Description

SALE or RENT 2,700 -NEWLY RENOVATED OFFICE - professional offices /medical /spa/ beauty /hair/workshop/- pilates - yoga - warehouse - design center - Commercial condo in the Outer Drive East Condominium building. Lake View -The unit has been completely gutted, concrete to concrete - drywall/plaster to drywall/plaster: new lights, new ceilings, new floors, newly resurfaced walls, new LVP flooring. Owners have the right to use the building amenities. Building amenities include a 5-star "resort-like" health club and spa. Basketball, racquetball, ping-pong, free weights, machine weights, cardio, winter garden, child's playroom, famous geodesic year-round sunny pool, saunas, and steam rooms. Building amenity features new multi-function room with an open kitchen and media space. Property has a covenant of a "do not compete" regarding real estate services. Parking is 220/mo reserved and (4) people have full use of amenities. Discounted parking tickets are sold to owners to sell/give to clients and customers. Zoning advisory letter in documents. Zoned for almost anything. ask attorney to review zoning letter.

Features

• Property Type: Commercial
• Sub Type: Office/Tech
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60601
• Year Built: 1963
• Sq.Ft.: 940 sq ft
• Stories: 40
• Units: 952 units
• Zoning: PUD
• # Of Drive In Doors: 1
• # Of TL Docks: 1
• Approximate Age: New Rehab
• Building Area Total: 940
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick, Concrete, Steel Siding, Divisible
• Cooling: Central Air
• Directions: Michigan ave to Randolph - East on UPPER Randolph to end - at 400 E Randolph When turning on Randolph -Must go up the ramp on the right side to UPPER Randolph
• Electric: Circuit Breakers
• Estimated Cam/Sf: 0.84
• Estimated Tax/Sf: 14.03
• Fire Protection: Alarm On Site, Fire Extinguisher/s, Hydrants On Site
• Flooring: Vinyl
• Geographic Locale: Downtown Chicago
• Gross Income: 2612
• Gross Rentable Area: 950
• Gross Scheduled Income: 31350
• Heat/Ventilation: Central Heat/Indiv Controls, Radiators
• Indoor Parking: Assigned Spaces, Attached, Heated, Secured, Underground
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Investment (Y/N): Yes
• Leasable Area: 950
• Location: Lake Front, Water View, Public Transport Avail, In City Limits
• Lot Size Square Feet: 156000
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 950
• Net Rentable Area: 950
• Outdoor Parking: 1-5 Spaces, 6-12 Spaces, 13-18 Spaces, 19-30 Spaces, 31-50 Spaces, Common Parking, Covered, Fee Parking
• Ownership Type: Condo
• Property Offered: For Sale or Rent
• Rental Price: 34
• Tax Annual Amount: 9894
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Repairs
• Total Actual Rent: 2700
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 2612