1348 W Concord Pl
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1348 W Concord Pl
17,250 SF 33% Leased Office Building Chicago, IL 60642 £2,708,219 (£157/SF)
Investment Highlights
- Complete buildout
- Open plan with exposed brick walls
- Backup generator
- Elevator
- FF&E included
Executive Summary
Attention Owner Users and Investors! 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.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£336,197
|
£19.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£336,197
|
£19.49
|
| Taxes |
£101,368
|
£5.88
|
| Operating Expenses |
£7,643
|
£0.44
|
| Total Expenses |
£109,011
|
£6.32
|
| Net Operating Income |
£227,186
|
£13.17
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £336,197 |
| Annual Per SF | £19.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £336,197 |
| Annual Per SF | £19.49 |
| Taxes | |
|---|---|
| Annual | £101,368 |
| Annual Per SF | £5.88 |
| Operating Expenses | |
|---|---|
| Annual | £7,643 |
| Annual Per SF | £0.44 |
| Total Expenses | |
|---|---|
| Annual | £109,011 |
| Annual Per SF | £6.32 |
| Net Operating Income | |
|---|---|
| Annual | £227,186 |
| Annual Per SF | £13.17 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
17,250 SF
Building Class
B
Year Built/Renovated
1888/2015
Price
£2,708,219
Price Per SF
£157
Percent Leased
33%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
5,750 SF
Building FAR
2.88
Land Acres
0.14 AC
Zoning
M3-3 - Heavy Industry District
1 of 1
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (77)
Bike Score ®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 14-32-316-047-0000 | Total Assessment | £479,005 (2023) |
| Land Assessment | £12,829 (2023) | Annual Taxes | £101,368 (£5.88/sf) |
| Improvements Assessment | £466,176 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
14-32-316-047-0000
Land Assessment
£12,829 (2023)
Improvements Assessment
£466,176 (2023)
Total Assessment
£479,005 (2023)
Annual Taxes
£101,368 (£5.88/sf)
Tax Year
2024 Payable 2024
-
Christopher Demos -
@properties
1 of 81
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1348 W Concord Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.