

155 N HARBOR DR 1C8C CHICAGO IL 60601-7381
Own Both the Business & Commercial Condo | Established Dry Cleaning Drop Store | Prime New East Side
Marketing description
Rare opportunity to acquire both an established dry cleaning drop store and the underlying commercial real estate in one of downtown Chicago's most desirable residential communities. Located inside Harbor Point at 155 N Harbor Drive, this approximately 1,000-square-foot commercial condominium serves a loyal customer base from Harbor Point and neighboring luxury residential towers, with no competing drop-off location in the immediate area.
The business has demonstrated consistent performance, generating approximately $93,000–$97,000 in annual gross revenue over the past three years. Operating expenses remain low, with HOA dues covering HVAC, valet service, and building assessments, while electricity averages only about $70 per month.
This turnkey opportunity is ideal for an owner-operator, an existing dry cleaning company seeking to expand its pickup and drop-off network, or an investor looking for an income-producing commercial condo in Chicago's highly sought-after New East Side. Commercial condominium ownership provides long-term security and investment potential while eliminating the uncertainty of future lease renewals.
With a built-in residential customer base, limited local competition, and ownership of both the business and the real estate, this offering presents a unique combination of stable cash flow and long-term asset value.
Investment highlights
- Business & Real Estate Included – Acquire both the established business and the commercial condominium, eliminating future lease renewal uncertainty.
- Prime Downtown Chicago Location – Situated inside Harbor Point, a luxury residential high-rise in the highly desirable New East Side neighborhood.
- Built-In Customer Base – Serves residents of Harbor Point and neighboring residential towers with no nearby competing dry cleaning drop-off location.
- Consistent Operating History – Stable annual gross sales averaging approximately $95,000 over the past three years.
- Low Operating Expenses – HOA dues include HVAC, valet service, and building assessments, with electricity averaging only about $70/month.
- Approximately 1,000 SF Commercial Condo – Efficient layout requiring minimal overhead.
- Passive Expansion Opportunity – Ideal as a satellite drop location for an existing dry cleaning operator or an owner-operator seeking a turnkey business.
- Long-Term Real Estate Investment – Benefit from ownership in one of Chicago's most desirable residential communities with strong long-term appreciation potential.
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