$4,500,000 USD
312-676-1860
110 E Delaware Pl
Chicago, IL 60611
Gold Coast
HIGHLIGHTS
- Fully stabilized, low maintenance and easy to manage STNL investment opportunity leased to multi-unit operator MARCUS - Curated Luxury Collection.
- 10-year, 5-month initial lease term with 2 years remaining and 3 fixed 5-year options with scheduled 2.00% annual rent increases.
- 3,712 SF commercial condo featuring high-end custom buildout with highly sought-after Gold Coast retail frontage and easily accessible parking.
- Surrounded by high-profile luxury retailers including Chanel, Moncler, Hermes, Cartier, Prada, Golden Goose, Van Cleef, Harry Winston, Rolex etc.
- In the immediate vicinity of Chicago’s best shopping, food, entertainment, Class-A office product, medical office & most expensive residential homes.
- Easy access to DuSable Lake Shore Drive.
FOR SALE DETAILS
PRICE
$4,500,000 USD
PRICE/SF
$1,212 USD /SF
CAP RATE
Request Cap Rate
# OF UNITS
1
CONDO SIZE
-
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Michigan Place
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
143,900 SF
STORIES
20
BUILDING CLASS
B
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.18 AC
LAND SF
7,845 SF
ZONING
DX-12
APN/PARCEL ID
17-03-211-022-1022,17-03-211-022-1033,17-03-211-022-1066
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312-676-1860
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312-676-1860
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