Log In/Sign Up
Your email has been sent.
3948 W 26th St
Chicago, IL 60623
Atlantic Professional Building · Office Property For Sale
Executive Summary
Atlantic Professional Building Available for Sale for the 1st time in 50 years
57,966 SF Office Building located in Hot Little Village
Major value add play in raising rents, and leasing out vacant office spaces
Potential for user to use majority of the building
Potential for redevelopment and acquisition of adjacent building
Central States SER Cook County Workforce is long term anchor tenant in the building
26th Street is the 2nd highest performing commercial corridor in the city behind Michigan Ave
Asset has the ability to achieve $570,000 NOI through lease up (Current NOI is $173,964 at 56% leased)
57,966 SF Office Building located in Hot Little Village
Major value add play in raising rents, and leasing out vacant office spaces
Potential for user to use majority of the building
Potential for redevelopment and acquisition of adjacent building
Central States SER Cook County Workforce is long term anchor tenant in the building
26th Street is the 2nd highest performing commercial corridor in the city behind Michigan Ave
Asset has the ability to achieve $570,000 NOI through lease up (Current NOI is $173,964 at 56% leased)
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
57,966 SF
Building Class
C
Year Built/Renovated
1918/2004
Price
$3,723,138 CAD
Price Per SF
$64.23 CAD
Cap Rate
6.44%
NOI
$239,886 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
19,800 SF
Building FAR
0.96
Lot Size
1.38 AC
Zoning
B-3 - Community Shopping District
Amenities
- Bus Line
- Property Manager on Site
- Security System
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,108,504 CAD | |
| Land Assessment | $124,899 CAD | Total Assessment | $1,233,403 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$124,899 CAD
Improvements Assessment
$1,108,504 CAD
Total Assessment
$1,233,403 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
