Commercial

MLS Number 11798694

• CommercialSale Commercial Sale
• Area Near North Side
• Year Built 1900

5 story plus roof deck Mixed use investment property in the heart of River North neighborhood. Retail/restaurant tenant has occupied for 14 years and still booming, all offices leased to solid tenants and apartment on top Floor is modern and updated with killer roof top with views the city is also leased. Elevator with direct access to each floor/unit. 5th floor 3 bed apartment with full roof deck would make a great owner's unit with spectacular views and finishes. Strong NOI numbers on this established turnkey property. Easy access to all expressways, restaurants, bars, loop business district as well as Metra and L stops.

Listed by Ian Feinerman and Michael Weber of @properties Commercial

MLS Number 11713391

• CommercialSale Commercial Sale
• Area Logan Square
• Year Built 1948
• Acreage 1.1
• Zoning INDUS

3850 West Cortland Street located in Chicago's Logan Square neighborhood. This unique value-add/redevelopment investment opportunity consists of an 147,000 SF multi-tenant industrial/flex building that sits on an 48,000 SF land site. Home to many different types of small to mid-size businesses, the property boasts a substantial in-place net operating income while the existing vacancy provides for tremendous upside for a new owner. All leases can be canceled by the Owner upon sale of the property, which provides incredible flexibility to future ownership for re-tenanting or re-positioning the asset. Some additional building features include a four interior dock loading area with two levelers, six drive-in doors - most of which open into tenant spaces, a 10,000 lbs capacity freight elevator, recently updated utilities, 488' of frontage on Springfield Ave, and high ceilings on all 3 floors - 17' high on the first floor, 14' high on the 2nd floor and 10' high on the useable lower level. The building is well located bordering Chicago's Logan Square, Humboldt Park and Hermosa neighborhoods, is convenient to CTA and Metra mass transit as well as all truck routes and highways. The property is also potentially eligible for TIF, Enterprise Zone, Underserved Area (EDGE) and HUBZone incentives. The property's prime Logan Square location is steps from the 606 Trail, Marine Leadership Academy, and Sharon Christa McAuliffe Elementary School. The nearest transit includes the Metra's Milwaukee District's North Line (Healy Station) and Armitage Avenue Bus Route (Bus Route 73). This opportunity is being offered at $7,500,000, which is a 7.8% CAP rate based on the 2023 in-place scheduled net operating income of $585,163.

Listed by Wayne Caplan of Sperry Van Ness

MLS Number 11806043

• CommercialSale Commercial Sale
• Area Edgewater
• Year Built 1924
• Zoning MULTI

Built in 1924, rare, turnkey 23 unit apartment building in Edgewater just north outside Andersonville. Fully leased and condo conversion quality with reconstruction including brand new water main, all new gas and water piping and systems, complete window replacement, new overlay rubber roof with skylights over stairwells. Four separate entrances. Located on the corner of Paulina and Glenlake. Each entry with call box intercom system to a tenant's cell phone. All Chicago red brick with two car, all brick garage, large decks up to code and beautiful, secured courtyard with four sets of tables/chairs, bike racks, plantings, mulched areas. Window and lentil replacement. All new interior lighting. 7' entry doors. 800 amp electrical service. Top of the line, and absolutely stunning mechanicals in basements with plenty of room for future tenant and common building storage capabilities. Three basements in total with high ceilings to stand up in. All copper plumbing lines. All separate gas meters. Each unit has central heat, central air, in unit washer and dryer. All new kitchens, bathrooms, flooring, appliances, lighting, dedicated gas/electric meters, radiant heating for basement/vestibules, structural joists replaced, etc. THIS IS A TRUE GUT REHAB. No expense spared. Each tier, or set of sis has its own central cable box. Each unit is already wired for cable and cable ready. 100% fire code rated. All Glenlake entrances have skylights at the top of the refurbished stairwells. Original, printed wainscoting. Lobbies with fresh carpeting and stamped tile floors, classic contemporary wood augmentations. All legitimate leases, 12 month minimum term. All tenants credentialed including full credit report, income, landlord, employment verification, background checks. This building runs itself. A must see. Very low maintenance and sit back and collect rent. A prized piece for a portfolio or star piece for a first timer. Legally zoned for 24 units. Assumable mortgage balance of $3.627M @ an interest rate of 3.09% with 4 years left on the loan as of RIGHT NOW

Listed by Nicholas Colagiovanni of Baird & Warner

MLS Number 11813704

• CommercialSale Commercial Sale
• Area Lincoln Park
• Year Built 2019

Impeccable all brick, 2019 build, 12 unit apartment building in Lincoln Park. Built by Jenny Builders, an experienced builder with over 30 years experience building in the Chicagoland area. Built as a condo building, this property was finished to the highest quality, including quartz counters, stainless appliances, fire places, in-unit washer/dryer, garage parking and rooftop decks. Fantastic rental units, never vacant. Turn key property. The seller has never allowed pets, so the units have stayed in fantastic condition. // $586,500 Gross Yearly Rental Income // 5.57% CAP Rate // Upside Potential Bringing Rents to Market Rates (Number of long term tenants)

Listed by Timothy Sheahan of Compass

MLS Number 11701816

• CommercialSale Commercial Sale
• Area Near West Side
• Year Built 1917

Five-story (solid brick and concrete) creative loft building available in desirable Fulton Market West, just 5 minutes from Chicago's downtown! Approx. 55,000 sf (above-grade) building on 16,619 sf land with 22 off-street parking spaces. Great investor/corporate headquarters opportunity. Recently rehabbed and converted to a fully operational studio and rehearsal facility with 123 soundproof rooms and a fully built-out basement. Includes 2 truck-level docks and 2 NEW passenger elevators. Also, fully air-conditioned with NEW 25-ton HVAC (July 2021). Ceiling Height 10' Clear. 2000+ Amps 3- Phase power. Excellent location at the edge of Fulton Market with convenient access to I-90/94 & I-290 Expressways, the CTA Ashland Green Line Station, & proposed Ashland-Ogden Metra Station. Located in a TIF & Enterprise Zone. Countless top-rated restaurants and entertainment options are nearby in Fulton Market and Randolph Street's Restaurant Row. Completely rebuilt approx. 13 years ago with all new Mechanicals, HVAC, Electric, Plumbing & Roof. Opportunity to convert the building and make your own!

Listed by Adam Schneiderman of Strauss Realty Ltd

MLS Number 11716812

• CommercialSale Commercial Sale
• Area Lincoln Square
• Year Built 1910
• Zoning COMMR

The subject property is located at 4810-4820 North Western Ave., Chicago, IL 60625 (the "Property"). The JonBerg Group of Baird & Warner Real Estate, INC, as the sole and exclusive Broker, has been retained to present the sale of this investment and potential future development/re-development opportunity. This is an urban office/retail building located in Chicago's dense and affluent Lincoln Square neighborhood. The subject property is zoned B3-2 and situated in a mixed commercial and residential city setting. Featuring a vacant two-story building, 18,000 SF GLA, and 8,276 SF lot. Elevator building with tons of exposure, great signage, lots of natural light, and high ceilings. The latest neighborhood investments: such as new construction, condos, rentals, restaurants, nightlife, and supermarkets have steadily brought in new homeowners and tenants to this thrilling neighborhood of Chicago. The subject property presents the unique opportunity to acquire a stand-alone building in the Lincon Square district.

Listed by Wesley Jonberg of Baird & Warner

MLS Number 11863046

• CommercialSale Commercial Sale
• Area Hyde Park
• Year Built 1906
• Zoning MULTI

This building is located in Hyde Park, one of the top rated Chicago communities. It also is one of the most culturally diverse neighborhoods in the City. It is adjacent to the major shopping area in Hyde Park and a short walking distance to the University of Chicago Campus. The mix of units include three 3-bedroom 2 full bathroom apartments, twelve 2-bedroom 2 full bathroom apartments and seven 2-bedroom 1 bathroom apartments. All units but two include individual heating and air conditioning with washer and dryer. All have hardwood floors and interior entry. All but two units have been fully rehabbed with new kitchens and appliances. Buildings like this seldom come on the market, don't miss this opportunity.

Listed by Donna Schwan of MetroPro Realty LLC

MLS Number 11707669

• CommercialSale Commercial Sale
• Area North Center
• Year Built 2022
• Zoning MULTI

Terrific arm-chair investment: Three New Construction 2-flats, each with two 4-bedroom/2.5 bath duplexes with high-end finishes, garage. Sit back and collect the rent. Total annual gross income potential $351,000 - 4/6 currently rented. Top-of-the-line gorgeous finishes throughout include: white oak floors, Klearvue flat panel cabinets, beautiful stone and quartz details, Samsung kitchen appliances, Hansgrohe sink faucets and fillers, Duravit toilets, LG W/D, high efficiency HVAC systems...the list goes on and on. Fabulous floor plans feature all bedrooms on a single level, kitchen opening to great room, additional separate family room, private outdoor space (yard and roof-top deck), 2-car garage.

Listed by Brad Lippitz and Anne Killarney of Compass

MLS Number 11709077

• CommercialSale Commercial Sale
• Area Loop
• Year Built 1929

Beautifully finished, turn-key office spaces available on multiple floors in this stunning, modern office building in The Loop. The prime location on Wacker Dr. and top-notch finishes are sure to make every workday more enjoyable. The units, split amongst four floors, are available together or separately. Offered for sale are: 1st floor (partial) 4,325sf of Office/Retail; 2nd floor (full floor) 8,337sf of Office; 6th floor (full floor) 8,857sf of Office; 18th floor (partial) 4,663sf of Office. Stunning views of the Merchandise Mart, Chicago River and River Walk. The units feature modern Italian kitchens with stainless steel appliances. Tech features include surround sound systems run by Alexa and Echo Mini, with access to Spotify. Each floor is fiber lit with new data closets with Cisco/Meraki gear. 24 hour access, doorman during business hours, and access to building bike room. Recent building renovations include a full modernization of the elevators (+$2MM) and a multi-year facade tuckpointing and cleaning project. Directly across Wacker Dr. from the Merchandise Mart and their amenities and CTA stops, Clark/Lake CTA stop is 2 blocks east, and multiple bus stops and I-90 in very close proximity. The subject property is surrounded by everything The Loop has to offer, including the River Walk, Gibson's Italia, Chicago Cut, Prime and Provisions, the Chicago Theatre, and many many more.

Listed by Brandon Bollig of @properties Commercial

MLS Number 11662010

• CommercialSale Commercial Sale
• Area Barrington Area
• Year Built 1975
• Acreage 4.26
• Zoning OFFIC

The Welsh Office Center is a well-established, multi-building office property. This two-building office portfolio consists of 92,573 SF and sits on 4.26 AC of land in a beautifully landscaped, parklike setting. Each building, 1250 and 1300 S. Grove Avenue, is multi-storied, with three and two stories, respectively. There is a mix of conventional office suites along with small executive office suites. * 71% occupancy on total building SF - 80% occupancy on total leaseable SF * NOI: $369,166 * Well established, value-add office building portfolio * Assumable, non-recourse loan - 3.25% * Strong tenant mix with many long-term, stable tenants * A mix of regular office tenants and executive office suite rentals * Located in a very affluent market, approximately 1 mile from Downtown Barrington and the Metra Train Station * Easy access just 4 miles to I-90, 20 miles to O'Hare International Airport, and 35 miles from Downtown Chicago * No deferred maintenance/professionally managed property

Listed by Olivia Czyzynski of Sperry Van Ness

MLS Number 11836062

• CommercialSale Commercial Sale
• Area New City
• Year Built 1910
• Acreage 2.7
• Zoning OTHER

*******DO NOT MISS THIS OPPORTUNITY!!!!!****** ********Building #1*********** Building SF * 48,500 * Office SF * 5,000 * Cranes * 2-ton, 5-ton, 7.5 ton, 15-ton Docks * Bays *(1) 50' main and (2) 31'9" crane bays * Power * 1,200 amp, 220/480 volt * Lighting * LED * Clear height * 19'6" - 29' * *********Building #2 ** BUILT in 1995****** Building SF * 25,000 * Cranes * 5-ton, 30-ton * Docks * 3 drive-in doors, 2 docks * Bays * 78' * Power * 1,200 amp, 220/480 volt * Lighting * LED * Clear Height * 31'-34' * ****** Land site 117,612 acres ***** Real estate taxes (2021) $32,987.64 ($0.45 psf) * Zoning * PMD8 * 2 PINs 20-06-300-032/20-06-300-033 *****Conveniently Located ****** * 5 miles from Midway International Airport * 4 miles from the I-55 and I-90 expressways ****close to bus stop and the 35th & Archer Metra Station****

Listed by Larry Lazar of Charles Rutenberg Realty of IL

MLS Number 11878977

• CommercialSale Commercial Sale
• Area Near South Side
• Year Built 1962

Pleased to present the land parcel at 1316 S. Michigan Ave. in the South Loop market of Downtown Chicago, IL. The property located at 1316 S. Michigan in Downtown Chicago, IL, is a prime retail and land property that offers an exceptional opportunity for investors and business owners alike. The property consists of a 2,000-square-foot retail space, as well as a total of 10,800 square feet for the land, making it an ideal location for a variety of businesses. Located in the heart of Downtown Chicago, the property benefits from a prime location that offers excellent visibility and foot traffic. The surrounding area is a bustling commercial and residential district, with numerous shopping and dining options, as well as a variety of entertainment venues and cultural attractions. Currently, the property serves as a paved parking lot and a hospitality facility known as Hotel BnB. The single-story building occupies only 2,000 square feet of the 10,800-square-foot lot; therefore, demolition and site work costs would be minimal in the event of vertical construction redevelopment. Overall, the property at 1316 S. Michigan represents an exceptional opportunity for investors and business owners looking to establish a presence in one of the most dynamic and thriving neighborhoods in Downtown Chicago. With its prime location, modern amenities, and ample potential for growth and development, this property is a must-see for anyone interested in investing in the future of Chicago's retail and commercial landscape.

Listed by Anthony Hardy and Travis Montgomery of Keller Williams ONEChicago