3948 W 26th St - Loft/Creative Space FOR SALE


Chicago, IL 60623- Little Village
$3,000,000 USD
847-682-5024
3948 W 26th St, Chicago, IL for Sale
$3,000,000 USD
Loft/Creative Space - FOR SALE
1/7
null | 4.97% Cap Rate

3948 W 26th St
Chicago, IL 60623
Little Village


HIGHLIGHTS

  • Atlantic Professional Building Available for Sale for the 1st time in 50 years
  • 57,066 SF Office Building located in Hot Little Village
  • Major value add play in raising rents, and leasing out vacant office spaces
  • Potential for user to use majority of the building
  • Potential for redevelopment and acquisition of adjacent building
  • Central States SER Cook County Workforce is long term anchor tenant in the building

OVERVIEW

Asset has the ability to achieve $570,000 NOI through lease up (Current NOI is $148,964 at 56% leased)

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$52 USD /SF

CAP RATE

4.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Atlantic Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

B-3

APN/PARCEL ID

16-26-118-033-0000

ASK ABOUT THIS PROPERTY

Kellen DugganFriedman Real EstateMore Info
847-682-5024

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Kellen DugganFriedman Real EstateMore Info
847-682-5024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.