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320 River Street - Front Street Lofts - Residential Condos, Lemont, IL

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320 River Street - Front Street Lofts - Residential Condos

Lemont, IL 60439-7286 - Southwest Cook County MF Submarket


Property Type:Multi-Family Number of Units:87 Status:Existing Year Built:2008
Stories:5 Building Size:72,000 SF Land Area:1.44 AC (62,927 SF)
For Sale Price:Condo (see detail) Price/Unit:For Sale Cap Rate:- GRM:-

Condos:This property has 1 condo for sale. The size of the for sale condo is 18,957 SF.
Parking:3.46 Parking Spaces / 1,000 SF


Condos For Sale:
Floor
Suite
Unit SF
Price
Space Use
  1st
All Commercial Units
18,957 SF
$1,755,110
Office
 
2806283
Marketing Flyer Marketing Flyer  


Floor
Suite
Unit SF
Price
Space Use
1st
All Commercial Units
18,957 SF
$1,755,110
Office
The Front St. Lofts of Lemont is a mixed use development located in downtown Lemont. The development is the First Phase of the Downtown Redevelopment Project. The development will include four, five story buildings with 24,000 sq ft of first floor retail space located along the I&M Canal. The retail spaces are offered as both for sale condominium spaces or they can be leased. The retail spaces will include 14 to 15 businesses with an average space of 1,500 sq ft and a minimum of 800 sq ft. Two anchor restaurants are planned with outdoor plaza eating. There will be improved access from densely-populated adjacent northern communities, with the completion of I-355.

Sale Notes:
Approx. 19,000 Sq Ft of retail / office space available in unique mixed-use development along downtown Lemont Riverwalk. Located on ground level of beautifully constructed luxury residential 82-unit fully-occupied condo complex, with tenants providing a built-in customer base. Assessments of approx $2.47/Sq Ft (2015) include all common area utilities, water, common area insurance, building exterior maintenance, common area cleaning, fire alarm/sprinkler system maintenance & snow removal (assessed to Building 2 only / Buildings 1, 3 & 4 will begin to split these costs as units are sold). Municipal garage in rear with 262 parking spaces provides parking for all tenants and customers (free 4-hour / overnight parking & all day employee / commuter parking available with purchase of monthly pass from Village) Commercial unit tenants responsible for own utilities and trash removal.



Miller Chicago
Andrea Miller
(312) 513-8333


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