435 W Erie Street
Chicago, IL 60654

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Description

Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091, Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.

Features

• Property Type: Commercial
• Sub Type: Office/Tech
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60654
• Year Built: 1982
• Sq.Ft.: 4,200 sq ft
• Stories: 1
• Units: 1 unit
• Zoning: OFFIC
• # Of Tenants: 1
• Approximate Age: 36-50 Years
• Building Area Total: 4200
• Cap Rate: 4.77
• Construction Materials: Concrete, Steel Siding
• Cooling: Central Air
• Directions: ORLEANS AND ERIE, WEST TO ADDRESS
• Electric: Service - 201 to 600 Amps
• Fire Protection: Alarm On Site, Fire Extinguisher/s, Hydrants On Site, Partially Sprinklered, Smoke or Fire Protectors, Sprinklers-Wet, Sprinklers, Carbon Monoxide Detector(s)
• Flooring: Carpet, Tile, Varies
• Foundation Details: Concrete Perimeter
• Geographic Locale: Downtown Chicago
• Gross Income: 201964
• Gross Rentable Area: 4200
• Gross Scheduled Income: 201964
• Heat/Ventilation: Electric, Forced Air
• Information: List Broker Must Accompany
• Investment (Y/N): Yes
• Leasable Area: 4200
• Location: Central Business District, Mixed Use Area, Public Transport Avail, Free Standing/Urban, High Traffic Area
• Lot Size Square Feet: 4200
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 4200
• Misc Inside: Common Meeting Room/s, Accessible Entrance, Accessible Washroom/s, Private Restroom/s, High Speed Comm Circuits
• Misc Outside: Security Lighting, Security System
• Net Rentable Area: 4200
• Operating Expense: 32909
• Outdoor Parking: 19-30 Spaces
• Ownership Type: Corporation
• Property Offered: For Sale Only
• Property Sub Type: Office
• Tax Annual Amount: 14821
• Tax Year: 2023
• Tenant Pays: Common Area Maintenance, Insurance, Repairs
• Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available, Fiber
• Virtual Tour Date: 2025-11-18T21:49:44
• Water Source: Municipal Water