601 W Randolph St - Office FOR SALE


Chicago, IL 60661- West Loop
$6,780,356 USD
312-334-7242
601 W Randolph St, Chicago, IL for Sale
$6,780,356 USD
Office - FOR SALE
1/23
null | 7.3% Cap Rate

601 W Randolph St
Chicago, IL 60661
West Loop


HIGHLIGHTS

  • SUPERB TENANT TENURE WITH LONG TERM LEASES IN PLACE
  • MEDICAL OFFICE, SURGERY CENTER - PLASTIC SURGERY + HIGHLY DISCRETIONARY INCOME
  • SUPERIOR WEST LOOP/EAST FULTON MARKET LOCATION
  • HIGH BARRIERS TO ENTRY + SUPERIOR DEMOGRAPHICS
  • EASILY ACCESSIBLE AND CENTRAL LOCATION RIGHT OFF EXPRESSWAY
  • INCREDIBLE BUSINESS ENVIRONMENT BETWEEN LOOP, WEST LOOP AND FULTON MARKET

OVERVIEW

CBRE, Inc. is exclusively representing the sale of 601 W Randolph (“The Property”), a fully leased, mixed-use investment in Chicago’s West Loop. This ±14,800 square foot, five-story building features two tenants: The Aesthetic Institute of Chicago (medical) and Thomas Interiors (design). Strategically positioned at the corner of Randolph and Jefferson, the Property benefits from a prime location in a lively neighborhood renowned for its dining and entertainment options, as well as convenient access to all transportation. Offering a blend of historic character and modern design, The Property houses two established tenants within the vibrant core of the West Loop.

FOR SALE DETAILS

PRICE

$6,780,356 USD

PRICE/SF

$458 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

DX-7

APN/PARCEL ID

17-09-331-019-0000

ASK ABOUT THIS PROPERTY

312-334-7242

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312-334-7242

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