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


Chicago, IL 60623- Little Village
$2,700,000 USD
847-682-5024
3948 W 26th St, Chicago, IL for Sale
$2,700,000 USD
Loft/Creative Space - FOR SALE
1/7
null | 6.44% Cap Rate

3948 W 26th St
Chicago, IL 60623
Little Village


OVERVIEW

Atlantic Professional Building Available for Sale for the 1st time in 50 years 57,966 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 26th Street is the 2nd highest performing commercial corridor in the city behind Michigan Ave Asset has the ability to achieve $570,000 NOI through lease up (Current NOI is $173,964 at 56% leased)

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

6.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atlantic Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

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

16-26-118-033-0000,16-26-118-034-0000

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.