913-909-9529
75 W Harrison St, Chicago, IL for Sale
Parking Lots & Garages - FOR SALE
1/13
null | Request Cap Rate

75 W Harrison St
Chicago, IL 60605
South Loop


HIGHLIGHTS

  • 220-Stall Underground Parking Garage within the established Printers Square mixed-use development
  • Long-Term Leasehold Opportunity with a total term of up to 249 years (99-year lease + three 50-year extensions exercised)
  • Built-In Demand Driver with 355 residential units directly above the garage
  • Prime South Loop Location along highly trafficked West Harrison Street with strong accessibility
  • Strategically Positioned to serve nearby residential, office, and entertainment uses
  • Modern, Well-Lit Facility with building-paid heating, electric, and ventilation systems

OVERVIEW

To view Offering Memorandum, please visit: https://www.cbredealflow.com/buyer/agreement?pv=--Gfy5EFsXjsR7oiVp8UVcTCWpJW1ahKQRYu7klab6dnIre8cm6ynuVWlOfzf8Ov Opportunity to acquire a long-term leasehold interest in a 220-stall underground parking garage situated beneath a mixed-use development known as Printers Square in the South Loop neighborhood. It provides convenient parking access to nearby residential, commercial, and entertainment destinations. More specifically, the Printers Square block features 355 residential units above the parking garage in a prime location along the major thoroughfare of West Harrison Street with easy access throughout the neighborhood. The garage is well-lit and features building paid heating, electric, and exhaust. The garage is under a 99-year lease plus three 50 year extension options that have been exercised, allowing for a lease term in total of 249 years. The building ownership provides the utilities, heating, lighting, security and also maintains the elevators and pedestrian access/exits to the garage. The garage maintains the ticketing & payment machines, along with the ingress & egress garage doors at the base of the ramp to/from Harrison Street.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,000 SF

ZONING

DX-12, Chicago

APN/PARCEL ID

17-16-405-045-0000

ASK ABOUT THIS PROPERTY

913-909-9529

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913-909-9529

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