1033 W Van Buren St - Ideal Conversion or Owner/User
Retail | 82,712 SqFt
Marketing description
To view Offering Memorandum, please visit: https://www.cbredealflow.com/buyer/agreement?pv=Sx-qdxriHwG_HQcsQCBmWYPua3qAkWw3M2jfS2wnbWhcSLrD3S4MyiPwV40GTz_g
1033 West Van Buren is a seven-story, multitenant, mixed-use office building of 82,712 rentable square feet located on the south side of West Van Buren Street, between Morgan and Aberdeen Street. The Property footprint is 13,112 square feet (approximately 0.3 acres) of land, and bound by Van Buren Street to the north, South Tilden Street to the south, a seven story, student housing building (1001 Van Buren Street – 472 beds) to the east and a 300-unit, luxury multifamily building to the west. The property is located approximately one mile west of the downtown core in the historical Far West Loop submarket and blocks from, and in the line of growth of Fulton Market. Total new construction on the block includes over 1,000 units.
Investment highlights
- 82,712 sf timber loft
- 12-22 ft ceiling heights
- Building can be delivered vacant
- Efficient 75 feet floor plate depth
- Year built / renovated 1904/2009
- Stories 7
- Total square footage 82,712 sf
- Type of construction masonry structure with heavy timber frame
- Walls masonry brick
- Roof built-up membrane new roof in 2019 with 20-year material and labor warranty
- Interior finishes exposed brick wall surfaces, gypsum wall surfaces, and exposed wood structure systems at ceiling
- Lot size 13,112 sf (78’ x 166’)
- Building far 6.62
- Zoning pd-867: planned development-sub area b
- Ceiling heights floors 1-6: 12’, floor 7: 14.5’-22’
- Life safety fully sprinklered. New life safety system installed as of 2021.
- Recently completed capital expenditures new roof, repaired and painted façade, new full floor spec suite, remodeled lobby, new outdoor lighting, new doors to rear building lobby, remodeled passenger elevator cab, new life safety system.
- Rare west loop timber loft Redevelopment opportunity/ Ideal for residential Conversion Or owner/user
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