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1110 S Oakley Blvd
Chicago, IL 60612
Office Property For Sale
Executive Summary
CBRE, Inc. is exclusively representing the sale of 1110 South Oakley Boulevard (“The Property”), a fully leased government property investment in Chicago’s Tri-Taylor neighborhood. This ±30,000 square foot, three-story building is currently fully leased to the Illinois Department of Corrections for use as its headquarters office. Tenant has occupied the property for over 25 years due to its close proximity to nearby correctional facilities and courts and is anticipated to continue as a reliable tenant well into the future due to limited nearby available office space which can accommodate the Department of Corrections’ use.
This headquarters property is centrally located for all of Chicago’s Sergeants, Lieutenants and Captains for the Illinois Department of Corrections. Due to the high level of activity and traffic to the building, the tenant leases additional parking spots across the street.
The State of Illinois (Department of Corrections) has an A- S&P Global Credit Rating.
Investment Highlights:
• Government Headquarters Building for Parolees and Parole Officers, only 1 of 3 in the State of Illinois
• Tenant requires a STANDALONE Building making 1110 South Oakley an IDEAL Headquarters Site
• Current Rent for tenant is well below Market Rent of $30.50 PSF in South Chicago Sub-Market
• Tenant is on their 5TH LEASE RENEWAL, proving their commitment to the Site and Area
This headquarters property is centrally located for all of Chicago’s Sergeants, Lieutenants and Captains for the Illinois Department of Corrections. Due to the high level of activity and traffic to the building, the tenant leases additional parking spots across the street.
The State of Illinois (Department of Corrections) has an A- S&P Global Credit Rating.
Investment Highlights:
• Government Headquarters Building for Parolees and Parole Officers, only 1 of 3 in the State of Illinois
• Tenant requires a STANDALONE Building making 1110 South Oakley an IDEAL Headquarters Site
• Current Rent for tenant is well below Market Rent of $30.50 PSF in South Chicago Sub-Market
• Tenant is on their 5TH LEASE RENEWAL, proving their commitment to the Site and Area
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
30,000 SF
Building Class
B
Year Built/Renovated
1903/1995
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
10,000 SF
Building FAR
1.86
Lot Size
0.37 AC
Zoning
C1-2
Parking
23 Spaces (0.77 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 17-18-335-019-0000 | Improvements Assessment | $58,837 CAD |
| Land Assessment | $85,399 CAD | Total Assessment | $144,236 CAD |
Property Taxes
Parcel Number
17-18-335-019-0000
Land Assessment
$85,399 CAD
Improvements Assessment
$58,837 CAD
Total Assessment
$144,236 CAD
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