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$ 800,000
Est. payment | /mo
6,645 SqFt
$ 800,000
Est. payment | /mo
6,645 SqFt
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 6,645 sqft
Price per Sqft $120
MLS Listing ID 12539263
Year Built 1904
Tax Year 2024
Lot Dimensions 110 x 100
Property Sub-Type Office/Tech
Property Description
RARE RETAIL INVESTMENT OPPORTUNITY IN CHICAGO'S HISTORIC PRINTERS ROW. 6,645 SF RETAIL SPACE AT THE BASE OF THE POPE BUILDING. FULLY LEASED WITH 3 LONG-TERM TENANTS (MODE, CITY HAUL, KNUCKLEHEADS). CURRENT GROSS INCOME $140,816 WITH NOI OF $68,407 (7.6 CAP RATE). VALUE-ADD POTENTIAL WITH BELOW-MARKET RENTS AND LEASES EXPIRING SOON. PERFECT FOR AN ARMCHAIR INVESTOR OR OWNER-USER LOOKING TO OCCUPY SPACE. LOCATED STEPS FROM THE LOOP, GRANT PARK, AND PUBLIC TRANSIT. AMPLE ADJACENT PARKING AVAILABLE. PROOF OF FUNDS REQUIRED
Location
State IL
County Cook
Area Chi - Loop
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected
Building
Dwelling Type Office/Tech
Water Municipal Water
Structure Type Brick
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Listed by Steven Goldstein of Jameson Commercial