435 W Erie St - Apartments CONDO FOR SALE


Chicago, IL 60654- River North
$3,499,000 USD
847-977-5389
435 W Erie St, Chicago, IL for Sale
$3,499,000 USD
Apartments CONDO - FOR SALE
1/45
null | 4.78% Cap Rate

NEW


435 W Erie St
Chicago, IL 60654
River North


HIGHLIGHTS

  • Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN
  • Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio
  • Extremely rare offering here, NOI Is $167,091, Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning
  • This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level,
  • If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, ETC.
  • Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites,

OVERVIEW

Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091, Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.

FOR SALE DETAILS

PRICE

$3,499,000 USD

PRICE/SF

$833 USD /SF

CAP RATE

4.78%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

435 W Erie St, Chicago, IL 60654

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

226,460 SF

STORIES

23

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,200 SF

ZONING

DX-7

APN/PARCEL ID

17-09-127-039-1167

ASK ABOUT THIS PROPERTY

Mike Levin@ Properties CommercialMore Info
847-977-5389

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

Mike Levin@ Properties CommercialMore Info
847-977-5389

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