17,250 sq ft;
lot: 6534 sq ft lot
Commercial: Office/Tech - MLS# 12550094
Tools & Resources:
Description
A versatile 3 story office building with 17,250 square feet that has been completely built out. The building consists of reception area's, private offices, open concept work area's, conference rooms, built-out webinar rooms, kitchenette and breakroom/eating area's. An owner user has income in place to off-set expenses or, with the large spectrum of permitted uses, this can be a value add opportunity for an investor. Multi-tenant potential with separate HVAC, gas and electric for each floor, fire sprinklers, generator, freight / passenger elevator, and so much more. Full list of FF&E, survey and floor plans available upon request. Rental income is proforma...second and third floor currently vacant.
Features
- Property Type: Commercial
- Sub Type: Office/Tech
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60622
- Year Built: 1888
- Sq.Ft.: 17,250 sq ft
- Stories: 3
- Units: 3 units
- Lot Size: 6534 sq ft lot
- Zoning: MANUF
- # Of Drive In Doors: 1
- # Of Tenants: 1
- Approximate Age: Older
- Building Area Total: 17250
- Built Before 1978 (Y/N): Yes
- Cap Rate: 8.3
- Construction Materials: Brick, Wood
- Cooling: Central Air
- Directions: North Ave. to Elston Ave. north to Concord Pl. East to 1348
- Electric: Circuit Breakers, Separate Meters, Heavy Power 1200+ Amps, Three Phase
- Estimated Tax/Sf: 4.94
- Fire Protection: Sprinklers
- Flooring: Carpet, Concrete, Tile
- Foundation Details: Concrete Perimeter
- Geographic Locale: Chicago West
- Gross Income: 428281
- Gross Rentable Area: 17250
- Gross Scheduled Income: 299148
- Heat/Ventilation: Forced Air, Gas
- Information: List Broker Must Accompany
- Investment (Y/N): Yes
- Leasable Area: 11500
- Leasable Area Units: Square Feet
- Lot Size Square Feet: 6550
- Main Type: Commercial Sale
- Min Avail Sq Ft (Rentable): 5750
- Misc Inside: Employee Kitchen, Elevator/s Freight, Elevator/s Passenger, Accessible Entrance, Accessible Washroom/s, Multi-Tenant, Pre-wired PC Network, Furnished Units Available
- Misc Outside: Security System
- Operating Expense: 138870
- Ownership Type: Limited Liability Corp
- Property Offered: For Sale Only
- Roof Structure: Flat
- Tax Annual Amount: 85135.8
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat, Taxes, Repairs, Scavenger, Sewer, Varies by Tenant
- Total Annual Expense Source: Actual
- Township: West Chicago
- Utilities: Electric to Site, Natural Gas Available
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