1530 State Street

    Chicago, IL 60605
    • $2,100,000
    • STATUS: Active
    • ON SITE: 99 days
    • MLS #: 10152525
    $2,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,000
      SQFT
    • $191
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2001
    County:

    School Ratings & Info

    Description

    Multi-tenant office,retail & communications investment at residential condo building Dearborn Tower in Chicago's South Loop.Property is comprised of approx. 9700 SF 2nd floor office space,an additional two service retail spaces totaling approx 1,000 SF,communications risers & roof rights w/ leases from antenna & satellite TV providers as well as an internet license w/the Dearborn Tower condo association.Additional space utilized for commercial tenant parking in the basement of the parking garage also included. The 2nd floor office space is on a long term lease w/ Perspectives Charter Schools, one of Chicago's most prominent charter school organizations.Remaining tenants are a dry cleaner, a non-for profit group, the condo association, which leases rooftop & basement space for internet services to its residences & two communications companies providing satellite tv,internet & cell service.2019 Proforma NOI of $159,170 / 7.58% CAP rate. 16 parking spaces avail for an additional $410,000.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or John Lyons Real Estate | Baird & Warner. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than John Lyons Real Estate | Baird & Warner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2019-03-19T23:52:46.227.

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    www.johnlyonsrealestate.com/homes/89970981

    1530 State Street Chicago, IL 60605

    • Price: $2,100,000
    • Status: Active
    • MLS #: 10152525
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,000
    SQFT
    $191
    $/SQFT
    2001
    Built
    Neighborhood:
    Chi - Near South Side
    County:
    Cook
    Area:
    Chi - Near South Side
    Property Description
    Multi-tenant office,retail & communications investment at residential condo building Dearborn Tower in Chicago's South Loop.Property is comprised of approx. 9700 SF 2nd floor office space,an additional two service retail spaces totaling approx 1,000 SF,communications risers & roof rights w/ leases from antenna & satellite TV providers as well as an internet license w/the Dearborn Tower condo association.Additional space utilized for commercial tenant parking in the basement of the parking garage also included. The 2nd floor office space is on a long term lease w/ Perspectives Charter Schools, one of Chicago's most prominent charter school organizations.Remaining tenants are a dry cleaner, a non-for profit group, the condo association, which leases rooftop & basement space for internet services to its residences & two communications companies providing satellite tv,internet & cell service.2019 Proforma NOI of $159,170 / 7.58% CAP rate. 16 parking spaces avail for an additional $410,000.
    Exterior Features

    Construction Brick Foundation Concrete Frontage Access City Street Location Central Business DistrictPublic Transport Avail Lot Dimensions 100 X 436 Lot Sq Ft 43560 Number Of Parking Spaces 30 Number Of TLDocks 0 Roof Structure Flat

    Interior Features

    Air Conditioning Central AirCentral Individual Ceiling Height Ft 12 Fire Protection Sprinklers-Wet Indoor Parking 19-30 Spaces Number Of Drive In Doors 0 Number Of Stories 18 Outdoor Parking 6-12 Spaces

    Property Features

    Age 16-25 Years Current Use CommercialOffice And ResearchOther Electrical Service Circuit Breakers Extra Storage Spaces Available YN Yes Geographic Locale Downtown ChicagoChicago South Gross Rental Income Amount 24355 Heat Ventilation Central Heat/Indiv ControlsForced AirGas Investment YN Yes Max Avail Sq Ft Rentable 11000 Min Avail Sq Ft Rentable 11000 Miscellaneous Outside Storms And Screens (As Exist) Net Oper Income Amount 15917 Number Of Tenants 6 Potential Use Other Property Offered For Sale Only Tax Year 2017 Taxes 40720 Tenant Pays Varies By Tenant Total Annual Exp 74645 Total Annual Income 243557 Total Monthly Income 20296 Township South Chicago Zoning Type Rtail

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Sperry Van Ness.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or John Lyons Real Estate | Baird & Warner. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than John Lyons Real Estate | Baird & Warner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2019-03-19T23:52:46.227.

    Digital Millennium Copyright Act
     
    John Lyons Real Estate | Baird & Warner
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    Chicago IL, 60614