1229 N North Branch St - Light Manufacturing FOR SALE
Chicago, IL 60642 |
1229 N North Branch St
Chicago, IL 60642
HIGHLIGHTS
- The property consists of 33,963 SF of land improved with a 50,573 square foot mixed-use office and light industrial building.
- The building is located in the Goose Island PMD3 FAR3 which is Chicago's newest innovation district and the Salt District.
- Property is currently 69% occupied and owner will master lease any vacancy.
- Current Avg. Building Rents are $20.30mg with Area Goose Island Rents Averaging $35mg
- Location is in close proximity to multiple public transit stops and a commuter rail station.
- Exciting adaptive reuse and various redevelopment in the area. Join R2, IAG, Farpoint, Sterling Bay, Hines and others in the area!
OVERVIEW
The Property consists of 33,963 SF of land improved with a 50,573 square foot mixed-use office and light industrial building. PMD 3 zoning with a Far of 3. Short term leases allow for a repositioning/redevelopment of the building in scarcely available Goose Island area. Ideal for owner use as 16,000 SF can be made available. Upside Potential as current Rents avg. $19.45 MG with area rents at $35 MG. Perfect Owner/User opportunity or Value Add
Investment. Endless possibilities.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Goose Island Commercial Office
PROPERTY TYPE
Flex
PROPERTY SUBTYPE
Light Manufacturing
ADD'L SUBTYPES
Showroom
TOTAL BUILDING SIZE
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STORIES
3
YEAR BUILT
1894
UTILITIES
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CLEAR CEILING HT
12 Ft
DOCKS
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DRIVE INS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
17-05-203-001-0000,17-05-203-002-0000,17-05-203-007-0000
