1348 W Concord Pl 17,250 SF 100% Leased Office Building Chicago, IL 60642 £2,637,010 (£152.87/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 |
£327,357
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£18.98
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
£327,357
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£18.98
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Taxes |
£98,703
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£5.72
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Operating Expenses |
£7,442
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£0.43
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Total Expenses |
£106,145
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£6.15
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Net Operating Income |
£221,212
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£12.82
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PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
17,250 SF
Building Class
B
Year Built/Renovated
1888/2015
Price
£2,637,010
Price Per SF
£152.87
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
5,750 SF
Building FAR
2.88
Lot Size
0.14 AC
Zoning
M3-3 - Heavy Industry District
AMENITIES
- Bus Route
- Air Conditioning
1 of 4
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
Parcel Number | 14-32-316-047-0000 | Total Assessment | £322,938 |
Land Assessment | £35,691 | Annual Taxes | £98,703 (£5.72/sf) |
Improvements Assessment | £287,247 | Tax Year | 2024 Payable 2024 |