418 E 43rd Street
Chicago, IL 60653

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Description

One-story commercial building offering 12,000 square feet of rentable space plus an additional 704 square feet designated for parking. The building is zoned B3-3, allowing various business uses, including large grocery stores, medical centers, restaurants, professional offices, retail shops, banks, and many other types of businesses. It is located in the revitalizing Bronzeville neighborhood, which features several new residential developments, such as townhomes, condominiums, single-family homes, and apartment rentals. The property sits on a main thoroughfare of East 43rd Street, with Cottage Grove a few blocks to the east and King Drive a few blocks to the west. Accessible public transportation includes the bus line on East 43rd Street and the elevated Green Line, located a few blocks to the west. This is a NNN lease with a base rent of $17.58 and passthroughs of $3.78 for real estate taxes. The property is also being offered for sale at $1.9 million.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60653
• Year Built: 1942
• Sq.Ft.: 12,000 sq ft
• Stories: 1
• Units: 1 unit
• Zoning: COMMR
• # Of Tenants: 1
• Additional Parcels: Yes
• Building Area Total: 12000
• Cooling: Central Air
• Directions: East on 47th Street to the location, north side of the Street.
• Electric: Circuit Breakers
• Estimated Tax/Sf: 3.78
• Fire Protection: Sprinklers-Wet
• Heat/Ventilation: Forced Air
• Information: 48-Hr Notice Required
• Leasable Area: 12000
• Lot Size Source: Builder
• Lot Size Square Feet: 12284
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 12000
• Original Rental Price: 17.58
• Property Offered: For Sale or Rent
• Property Sub Type: Retail
• Rental Price: 17.58
• Tax Annual Amount: 46064
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes