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3948 W 26th St
Chicago, IL 60623
Atlantic Professional Building · Office Property For Sale
Investment Highlights
- Atlantic Professional Building Available for Sale for the 1st time in 50 years
- Major value add play in raising rents, and leasing out vacant office spaces
- Potential for redevelopment and acquisition of adjacent building
- 57,066 SF Office Building located in Hot Little Village
- Potential for user to use majority of the building
- Central States SER Cook County Workforce is long term anchor tenant in the building
Executive Summary
Asset has the ability to achieve $570,000 NOI through lease up (Current NOI is $148,964 at 56% leased)
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
57,966 SF
Building Class
C
Year Built/Renovated
1918/2004
Price
$4,088,820 CAD
Price Per SF
$70.54 CAD
Cap Rate
4.97%
NOI
$203,029 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
19,800 SF
Building FAR
0.96
Lot Size
1.38 AC
Zoning
B-3
Amenities
- Bus Line
- Property Manager on Site
- Security System
- Air Conditioning
Property Taxes
| Parcel Number | 16-26-118-033-0000 | Improvements Assessment | $880,780 CAD |
| Land Assessment | $86,567 CAD | Total Assessment | $967,347 CAD |
Property Taxes
Parcel Number
16-26-118-033-0000
Land Assessment
$86,567 CAD
Improvements Assessment
$880,780 CAD
Total Assessment
$967,347 CAD
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