Listed by @properties
$2,750,000
1348 W Concord Pl , Chicago, IL 60622
Details
APN 14323160470000
Property Type Office
Sub Type Creative Office
Square Footage 17,250
Units 3
Occupancy 33%
Tenancy Single
Lease Type Modified
Pro-Forma Cap Rate 10.52%
Pro-Forma NOI $289,412
Price per SqFt $159
Class B
Year Built 1888
Buildings 1
Stories 3
Lot Size (SqFt) 6,550
Zoning M3-3
Investment Type Owner/User
Occupancy Date 12/14/2024
INCREDIBLE OWNER USER OPPORTUNITY....INCOME IN PLACE!!!
Marketing 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.
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