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Listed by Steven Goldsteinof Jameson Commercial
$800,000
Est. payment /mo
6,645 SqFt
UPDATED:
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
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected
View Y/N true
Building
Water Municipal Water
Structure Type Brick
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