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1033 W Van Buren St
Chicago, IL 60607
Office Property For Sale
Investment Highlights
- 82,712 SF TIMBER LOFT
- BUILDING CAN BE DELIVERED VACANT
- 12-22 FT CEILING HEIGHTS
- EFFICIENT 75 FEET FLOOR PLATE DEPTH
Executive Summary
To view Offering Memorandum, please visit: https://www.cbredealflow.com/buyer/agreement?pv=Sx-qdxriHwG_HQcsQCBmWYPua3qAkWw3M2jfS2wnbWhcSLrD3S4MyiPwV40GTz_g
CBRE, Inc, has been exclusively retained as exclusive advisor and agent to offer the 100% fee simple interest in 1033 West Van Buren,(the “Property”), a fully renovated, brick and timber creative loft office building located near the Fulton Market submarket of downtown Chicago, Illinois. Fulton Market is one of the hottest submarkets in the entire country strong occupancy across most sectors. With no lease restrictions, this desirable seven floor timber loft office is a fantastic redevelopment candidate and/or a value-add opportunity. Its proximity to nearby Fulton Market, and a location within a block of the CTA and freeway off-ramps, also makes the asset an ideal opportunity for owner/users. It is also in the immediate vicinity of the University of Illinois at Chicago campus (33,000 students) and Illinois Medical District (30,000 employees).
CBRE, Inc, has been exclusively retained as exclusive advisor and agent to offer the 100% fee simple interest in 1033 West Van Buren,(the “Property”), a fully renovated, brick and timber creative loft office building located near the Fulton Market submarket of downtown Chicago, Illinois. Fulton Market is one of the hottest submarkets in the entire country strong occupancy across most sectors. With no lease restrictions, this desirable seven floor timber loft office is a fantastic redevelopment candidate and/or a value-add opportunity. Its proximity to nearby Fulton Market, and a location within a block of the CTA and freeway off-ramps, also makes the asset an ideal opportunity for owner/users. It is also in the immediate vicinity of the University of Illinois at Chicago campus (33,000 students) and Illinois Medical District (30,000 employees).
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
86,401 SF
Building Class
B
Year Built/Renovated
1904/2009
Percent Leased
28%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
12,000 SF
Building FAR
6.61
Lot Size
0.30 AC
Zoning
PD 867 - PD 867
Allows for an additional approx. 58 residential units above the ground floor retail level.
Amenities
- Metro/Subway
- Bicycle Storage
Property Taxes
| Parcel Number | 17-17-231-011-0000 | Improvements Assessment | $1,637,447 CAD |
| Land Assessment | $449,172 CAD | Total Assessment | $2,086,620 CAD |
Property Taxes
Parcel Number
17-17-231-011-0000
Land Assessment
$449,172 CAD
Improvements Assessment
$1,637,447 CAD
Total Assessment
$2,086,620 CAD
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