622-632 W Roosevelt Rd - Storefront Retail/Office FOR SALE


Chicago, IL 60607- South Loop
$3,830,000 USD
312-994-5796
622-632 W Roosevelt Rd, Chicago, IL for Sale
$3,830,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

622-632 W Roosevelt Rd
Chicago, IL 60607
South Loop


HIGHLIGHTS

  • 622 W. Roosevelt 1st Floor and LL has been leased to a national dispensary
  • 622 W. Roosevelt has undergone a complete renovation
  • On-site parking behind building
  • Located in DS-3 Downtown Service District enterprise zone, no transfer tax upon sale
  • 100’ from Dan Ryan Expressway (I-90/94)

OVERVIEW

10,632 RSF of office and retail space located in South Loop, surrounded by diverse retailers with easy access to I-90 and public transportation. 52.75% occupied with long-term lease in place with an excellent credit tenant. The building has undergone a complete renovation, which includes: • New elevator and roof • Upgraded HVAC systems • Widened stairwells • High ceilings • New in-suite bathrooms • New elevator lobby • New interior and exterior doors • Acreage: .13 acres • On-site parking behind building • Located in DS-3 Downtown Service District enterprise zone, no transfer tax upon sale • Real Estate Tax Parcels: 17-16-331-030-0000

FOR SALE DETAILS

PRICE

$3,830,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Roosevelt Office Lofts and Retail Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,195 SF

ZONING

DS-3

APN/PARCEL ID

17-16-331-029-0000,17-16-331-030-0000

ASK ABOUT THIS PROPERTY

Craig NadborneBA Loft Leasing DivisionMore Info
312-994-5796

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Craig NadborneBA Loft Leasing DivisionMore Info
312-994-5796

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