942-944 Huron St, Chicago, IL 60642

9,971 SF | 50% Leased | Office Building | Chicago, IL 60642 | $1,800,000 ($181/SF) | 4.49% Cap Rate

Asking Price $1,800,000

Property Type: Office
Square Feet: 9,971 SF
Price / Square Foot: $181

Listing Contacts

David Urbaniak

Verified Profile

Property Info

Property Overview

Beautifully appointed building - half is a move-in ready office space, appropriate for tech, legal, marketing, real estate, or any one of a number of application. An existing tenant occupying approximately half the space pays half the real estate taxes of the building, making this a highly attractive location for an owner who needs room to grow while having their cost of borrowing covered by the rent. All an investor needs to do is secure a lease for the other half of the building and it becomes the perfect 1031 exchange, triple net, armchair investment. See brochure for more details or see MLS #12109602.

Property Details

Class: C
Year Built/Renovated: 1896/2007
Stories: 2
Property Subtype: Loft/Creative Space
Lot Size (sq. ft): 5,227 SF

Highlights

Modern, office building in a timber loft with a commercial, triple net tenant occupying half of the building.
Terrific location near Lincoln Yards, Goose Island, downtown and transportation, with flexible M1-3 zoning.
See brochure for details.

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