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3700 S Iron St 52,320 SF 96% Leased Office Building Chicago, IL 60609 For Sale 9% Cap Rate
Investment Highlights
- Recently Renovated
- New Roof, HVAC, Plumbing and Electrical
- Class A - Flex Office Space
Executive Summary
Welcome to The Iron Lab. A Prime Flex Space Office Building with Service Retail Spaces on all floors. Don't miss this exceptional opportunity to expand your business and or investment portfolio in this Fantastic recently renovated Building. This Elevator Building offers 4 Floors each approximately 10,464 SF plus basement storage spaces as well. The building is currently Leased at 98%. The Main Floor consists of a beautiful event space and gallery and a spacious marketing advertising firm. The second floor has 2 Artist Spaces, a Yoga Studio, a Beauty Spa, a Tattoo Parlor and a Fragrance company. The 3rd Floor has many Beauty Spas and Barber Shops, they can do it all, just ideal customized spaces. The 4th Floor consists of a few NGO's, the Management office and other artist space and professional offices. All around one of the nicest floors in the whole of Bridgeport. Whether you are envisioning a flagship Flex Space Office Building in the Bridgeport Crossing area tying McKinley Park and Bridgeport. This is your building to invest and make this beautiful building the next chapter on your investment portfolio.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
52,320 SF
Building Class
B
Year Built
1920
Cap Rate
9%
Percent Leased
96%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
10,464 SF
Slab To Slab
11’
Building FAR
2.50
Lot Size
0.48 AC
Zoning
PMD 8A - Planned Manufacturing District
Parking
40 Spaces (0.7 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Property Manager on Site
- Restaurant
- Storage Space
- High Ceilings
- Natural Light
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bridge to Freedom
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- De La Torre Body Art
- Retailer
- -
- -
- -
-
Jan 0000
- Fabex
- Construction
- -
- -
- -
-
Jan 0000
- Fashion Designer
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- Golf Simulator
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
LAMBERT, FOUNDED IN 2013 BY TYLER LAMBERT BEGAN AS A HOBBY OF SORTS WITH TIME NURTURED INTO THE ECLECTIC READY-TO-WEAR BRAND AS SEEN TODAY. DESIGNED WITH QUALITY & PURPOSE - INSPIRED BY ELEMENTS SUCH AS, YOUTH, VERSATILITY, 'STREETWEAR'.
- Neighbors for Environmental Justice
- Educational Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Vash Beauty Supply
- Retailer
- -
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bridge to Freedom | - | - | - | Lorem Ipsum | Jan 0000 | |
| De La Torre Body Art | Retailer | - | - | - | Jan 0000 | |
| Fabex | Construction | - | - | - | Jan 0000 | |
| Fashion Designer | - | - | - | Lorem Ipsum | Jan 0000 | |
| Golf Simulator | - | - | - | Lorem Ipsum | Jan 0000 | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Neighbors for Environmental Justice | Educational Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Vash Beauty Supply | Retailer | - | - | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
1100 SF of Prime Flex Space - Corner Suite with Windows.
Excellent retail or professional services space; cool, dramatic space with 11 ft ceiling.
Perfect Artist Space
Artist Space
Artist Space
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 1A | 560 SF | Flex | Full Build-Out | Now |
| 1st Fl-Ste 1B | 627 SF | Office/Retail | Full Build-Out | Now |
| 1st Fl - 1C | 590 SF | Flex | Full Build-Out | Now |
| 1st Fl - 1D | 252 SF | Flex | Full Build-Out | Now |
| 1st Fl - E | 237 SF | Flex | Full Build-Out | Now |
1st Fl - 1A
| Size |
| 560 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 1B
| Size |
| 627 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 1C
| Size |
| 590 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 1D
| Size |
| 252 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - E
| Size |
| 237 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 1A
| Size | 560 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | Now |
1100 SF of Prime Flex Space - Corner Suite with Windows.
1st Fl-Ste 1B
| Size | 627 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Excellent retail or professional services space; cool, dramatic space with 11 ft ceiling.
1st Fl - 1C
| Size | 590 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | Now |
Perfect Artist Space
1st Fl - 1D
| Size | 252 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | Now |
Artist Space
1st Fl - E
| Size | 237 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | Now |
Artist Space
Property Taxes
| Parcel Number | 17-32-300-196-0000 | Total Assessment | $1,269,750 CAD (2025) |
| Land Assessment | $106,349 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,163,400 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
17-32-300-196-0000
Land Assessment
$106,349 CAD (2025)
Improvements Assessment
$1,163,400 CAD (2025)
Total Assessment
$1,269,750 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Videos
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Photos
Street View
Street
Map
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3700 S Iron St
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