Exceptional Investment Opportunity in Ravenswood! This expansive 44,900 SF office building complex is ideally situated directly across from the Ravenswood Metra Station. Currently, there is a 6.5% vacancy rate with 3,070 SF of office space available for lease. The property features four contiguous buildings on a 29,284 SF lot, with a ground level of 26,050 SF and a second level of 15,874 SF. The third floor boasts a 2,976 SF conference room, complete with bathrooms and a rooftop deck. An elevator services the first and second floors. Onsite parking includes a 40'x35' lot, accommodating 3 to 6 vehicles. Current tenants include Nemera (lease expiring July 2030 with a 5-year renewal option) and Cosmodent (lease expiring March 2027 without renewal option). Enjoy convenient access to public transportation, including Ravenswood Metra and two Brown Line CTA stops at Damen & Montrose. Nearby amenities include Mariano's, LA Fitness, and Starbucks. Rent roll and expenses available upon request.
MLS# | 12187689 |
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Listing Type | For Sale |
Style | Office Building |
Sub-Type | Resale |
Status | Active |
Year | 1927 |
Days On Site | 98 |
Listing Provided By | Strauss Realty Ltd | Craig Wolf |
SQ Feet | 44,900 |
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Story(s) | 2 |
Zoning | COMMR |
Acreage | 0.67 |
State | IL |
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County | Cook |
City | Chicago |
Zip Code | 60640 |
Area | CHI Lincoln Square |
Listing VS Median (in 60640) | |
Price: $5,500,000 low | high Med: $3,331 SqFt: 44,900 low | high Med: 1,475 $ / SqFt: $122 low | high Med: $2 On Site: 98 low | high Med: 63.500000 |