600 S Dearborn St - Apartments CONDO FOR SALE


Chicago, IL 60605- South Loop
$4,325,000 USD
312-361-1645
600 S Dearborn St, Chicago, IL for Sale
$4,325,000 USD
Apartments CONDO - FOR SALE
1/16
null | 7.08% Cap Rate

600 S Dearborn St
Chicago, IL 60605
South Loop


HIGHLIGHTS

  • Attractive Assumable Debt
  • Established Tenants
  • Transited Oriented Property
  • Superior Location
  • Exceptional Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the condominium interest in the multi-tenant retail investment property located at 600-620 S Dearborn Street in Chicago, Illinois (the “Property”). The Property consists of a portion of the ground floor of the Transportation Building (12,132 square feet) and is 100% leased to five retail tenants. The Transportation Building is a twenty-two-story building that was constructed in 1911, it is the tallest high-rise in Chicago’s Printers Row neighborhood, and features retail units on the ground floor and 296 residential condominiums ranging from 1-Bedroom to 2-Bedroom units on the upper floors. Located in the heart of Chicago’s Central Business District in the Loop neighborhood, the Property is exceptionally well positioned at the intersection of S Dearborn Street and W Harrison Street. The Property offers outstanding access to public transportation, area highways, green space, Lake Michigan, and numerous retail amenities. The Property is also surrounded by large office and residential buildings that drive vehicular and pedestrian traffic to the area and provide a built-in customer base for the retailers.

FOR SALE DETAILS

PRICE

$4,325,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

7.08%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Transportation Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

351,456 SF

STORIES

21

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,368 SF

ZONING

PD 206; Chicago

APN/PARCEL ID

17-16-406-030-1001,17-16-406-030-1035,17-16-406-030-1053,17-16-406-030-1108,17-16-406-030-1126,17-16-406-030-1186,17-16-406-030-1187,17-16-406-030-1262,17-16-406-030-1275

ASK ABOUT THIS PROPERTY

Dan TilsnerHorvath & TremblayMore Info
312-361-1645

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Dan TilsnerHorvath & TremblayMore Info
312-361-1645

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