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33968897
33968896

Harbor Point, Chicago, IL 60601

MK
IL IL 475163662
Chicago-Coldwell Banker Commercial NRT
Listed by Chicago-Coldwell Banker Commercial NRT
$180,000
2 days on market
Updated 2 days ago

155 N HARBOR DR 1C8C CHICAGO IL 60601-7381

Details
APN 17104010051701
Property Type Retail, Office (+1)
Sub Type Grocery Store, Traditional Office (+1)
Square Footage 1,000
Units 1
Year Built 1980
Lot Size (SqFt) 78,597
Zoning PD 70
Ground Lease No

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.

Listing Contacts

MK
IL IL 475163662
Chicago-Coldwell Banker Commercial NRT
Listed by Chicago-Coldwell Banker Commercial NRT

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Zoning

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PD-70 PlannedPlanned Developments
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Michael Kang
License
IL 475163662
Brokerage
Coldwell Banker Realty
Brokerage Phone
(708) 852-3564
Title
Real Estate Broker
Brokerage Address
676 North Michigan Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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