Burnham Park Professional Center
Opportunity to acquire a mixed-use office building with ground floor retail in Chicago's South Loop
Marketing description
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Burnham Park Professional Center is a 76,266 square-foot, mixed-use office building with ground floor retail located 828 & 850 S. Wabash Avenue in Chicago's South Loop. Built in 1986 and renovated in 2007, the Property features two (2) interconnected buildings with ground-floor retail and upper-level office space. The Property is 46.2% leased to a diversified mix of medical, dental, and wellness tenants including Stride Autism Centers, South Loop Dental Specialists, S.R.B. Dental, and Advanced Dermatology, among others. The Property benefits from its position in one of Chicago's most connected South Loop corridors, with walkable access to the Harrison Red Line, Roosevelt (Red, Green, Orange), and LaSalle Blue Line "L" stations, along with Metra service at LaSalle Street and Museum Campus/11th Street. Nearby amenities and retailers include Grant Park, The Museum Campus, Soldier Field, Target, Trader Joe's, Walgreens, X-Sport Fitness, Jewel-Osco, FFC South Loop, Old Navy, CVS/Pharmacy, Stan's Donuts, Dunkin', Starbucks, and Lou Malnati's.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit Required
- Subject To Seller Approval
828 & 850 S Wabash Ave, Chicago, IL 60605
Investment highlights
- Opportunity to acquire a mixed-use office building with ground floor retail in Chicago's South Loop well located near public transit and area amenities including Grant Park, The Museum Campus, and Soldier Field, among others
- At the existing 46.2% occupancy rate, the offering presents a value-add opportunity via lease-up and stabilization to an already positive cash flowing asset
- Diversified in-place tenancy featuring medical, dental, and wellness users
- Located near numerous national retailers including Target, Trader Joe's, Walgreens, Starbucks, Jewel-Osco, Stan's Donuts, and Lou Malnati's, among many others
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