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467-471 W Erie St
Chicago, IL 60654 River North

$4,600,000 USD

Apartments Condo For Sale  •  9,168 SF

Property Details

  • Property Type Apartments
  • Total Building Size 208,566 SF
  • Lot Size 0.32 AC
  • Building Class B
  • Year Built 2003
  • Zoning DX-7
90 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit 1 &2 Medical 9,168 SF $4,600,000 USD
  • Unit Size: 9,168 SF
  • Condo Use: Medical
  • Price: $4,600,000 USD
  • Sale Type: Investment
  • Price/SF: $501.75 USD
Description
This distinctive two-tenant condominium unit is located at the base of the 25-story Kingsbury on the Park building in Chicago's River North neighborhood. The property features a prominent plastic surgery center and nail spa operating under net leases. The building was designed by award-winning architect Lucien Lagrange and offers quality glass and steel construction.

The condo unit occupies the first two floors of the luxury residential building, which sits at the corner of West Erie Street and North Kingsbury Street directly across from Montgomery Ward Park and the Chicago River. The property is located in Chicago's most fashionable and trendsetting neighborhood, featuring Chicago's premier dining scene and nightclub area, blocks from Michigan Avenue premier shopping.

Sale Notes
Two tenant net lease condo with 3% annual rental increases.  
The majority of the space is leased to a highly successful and nationally known plastic surgery center.

Highlights

Located in Chicago's River North
Long-term net leases with surgery center & Nail Spa
Leases call for 3% annual rental increases
Blocks from Michigan Avenue premier shopping
$198,813 Average household in 1-mile radius
Chicago's most fashionable & trendsetting neighborhood

Amenities

  • Air Conditioning
  • Fitness Center
  • Property Manager on Site
  • Heating
  • Doorman
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Storage Space
  • Bicycle Storage
  • Elevator
  • Maintenance on site
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
Chicago Otc (Union Pacific North - Metra, Union Pacific Northwest - Metra, Union Pacific West - Metra) 4 min 19 min 1.0 mi
Chicago Union Station (Burlington Northern - Amtrak, Heritage Corridor - Amtrak, Hiawatha Service - Amtrak, Lincoln Service Missouri River Runner - Amtrak, Milwaukee North - Amtrak, Milwaukee West - Amtrak, Pere Marquette - Amtrak, Saluki - Amtrak, Southwest Service - Amtrak, Texas Eagle - Amtrak) 5 min - 1.4 mi
Transit/SubwayDriveWalkDistance
Chicago Avenue Station (Brown, Purple Lines) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 7 min 0.4 mi
Grand Avenue Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 11 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")) 1 min 12 min 0.6 mi
Clinton Station (Green, Pink Lines) (Green Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 14 min 0.8 mi
Grand Avenue Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Chicago Midway International 19 min - 11.4 mi
Chicago O'Hare International 26 min - 16.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: AttachedGarage
Included in Rent: Yes
Jeffrey Winokur 914-997-9200 J.H. Winokur, Inc.
Jeffrey Winokur 914-997-9200 J.H. Winokur, Inc.