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435 W Erie St
Chicago, IL 60654 River North

$3,499,000 USD

Apartments Condo For Sale • 4,200 SF

Property Details

Property Type Apartments
Total Building Size 226,460 SF
Lot Size 0.1 AC
Building Class B
Year Built 1982
Cap Rate 4.78 %
Zoning DX-7

97 Transit Score

95 Walk Score

1 Unit Available

Name

Condo Use

Size

Price

Details

1st Floor - Unit 104

Office/Retail

4,200 SF

$3,499,000 USD

Unit Size: 4,200 SF
Condo Use: Office/Retail
Price: $3,499,000 USD
Sale Type: Investment or Owner User
Price/SF: $833.10 USD

Description

Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091,
Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.

Sale Notes

Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091,
Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.

Description

Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091,
Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.

                
                    Highlights
                
                                 Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN 
                            
                                Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio
                            
                                Extremely rare offering here, NOI Is $167,091, Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning
                            
                                 This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level,
                            
                                If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, ETC.
                            
                                Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites,

Financial Summary

Cap Rate:	4.78 %
Total Expenses:	$0 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Eckroth Planning Group
Erie Cleaners
Michael P. Cohen
Mostardi Platt

Amenities

24 Hour Access
Air Conditioning
Dishwasher
Disposal
Fitness Center
Microwave
Security System
Storage Space
Doorman
Tile Floors
Kitchen
Granite Countertops
Refrigerator
Sprinkler System
Stainless Steel Appliances
Wi-Fi
Conference Rooms
Elevator
Multi Use Room
Sundeck
Built-In Bookshelves
Coffee System
Office
Wheelchair Accessible (Rooms)
Private Bathroom
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Chicago Ogilvie Transportation Center (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	19 min	1.0 mi
Chicago Union Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra), Heritage Corridor Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra), SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra))	5 min	-	1.4 mi
Transit/Subway	Drive	Walk	Distance
Chicago Avenue Station (Brown, Purple Lines) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	7 min	0.4 mi
Grand Avenue Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	12 min	0.6 mi
Merchandise Mart Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	13 min	0.7 mi
Chicago Avenue Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L"))	3 min	16 min	0.8 mi
Clinton Station (Green, Pink Lines) (Green Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L"))	3 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Chicago Midway International	25 min	-	12.0 mi
Chicago O'Hare International	50 min	-	20.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	AttachedGarage
Included in Rent:	Yes

Mike Levin 847-977-5389 @ Properties Commercial

435 W Erie St Chicago, IL 60654 River North

$3,499,000 USD

Property Details

1 Unit Available

Description

Sale Notes

Description

Highlights

Financial Summary

Major Tenants

Amenities

Public Transportation

Parking Details

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435 W Erie St
Chicago, IL 60654 River North