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 £18.98
Other Income - -
Vacancy Loss - -
Effective Gross Income £327,357 £18.98
Taxes £98,703 £5.72
Operating Expenses £7,442 £0.43
Total Expenses £106,145 £6.15
Net Operating Income £221,212 £12.82

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
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
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (90)

PROPERTY TAXES

  • Listing ID: 33950165

  • Date on Market: 21/11/2024

  • Last Updated:

  • Address: 1348 W Concord Pl, Chicago, IL 60642