312-338-3001
427 S LaSalle St, Chicago, IL for Sale
Telecom Hotel/Data Hosting - FOR SALE
1/8
null | Request Cap Rate

427 S LaSalle St
Chicago, IL 60605
Chicago Loop


OVERVIEW

Subject property is located on North LaSalle Street in Chicago’s River North Neighborhood. This 7,200 SF, multi-story, single-tenant boutique office building has been completely renovated and has been improved with numerous high-end upgrades including a center staircase, atrium and skylight. The property benefits from an FAR of 3.25 and is zoned DX-7, which allows for a variety of uses including office, retail and residential. A long-term lease with Verizon Wireless provides the property with in-place income. The visibility and the in-place income coupled with the easy access to Lake Shore Drive, the I-90/I-94 Expressway and public transportation makes this offering the perfect opportunity for an investor or user to acquire a well-maintained boutique office building in the heart of the vibrant River North neighborhood. Also available for lease.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Telegraph Bldg - CH1

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

C

YEAR BUILT

1919

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,857 SF

ZONING

DC-16

APN/PARCEL ID

17-16-243-003-0000,17-16-243-033-0000

ASK ABOUT THIS PROPERTY

Susan SilverMillennium Properties R/E, Inc.More Info
312-338-3001

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Susan SilverMillennium Properties R/E, Inc.More Info
312-338-3001

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