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427 S LaSalle St
Chicago, IL 60605
CH1 · Industrial Property For Sale


EXECUTIVE SUMMARY
Subject property is located on North LaSalle Street in Chicago’s River North Neighborhood. This 7,200 SF, multi-story, single-tenant boutique office building has been completely renovated and has been improved with numerous high-end upgrades including a center staircase, atrium and skylight. The property benefits from an FAR of 3.25 and is zoned DX-7, which allows for a variety of uses including office, retail and residential. A long-term lease with Verizon Wireless provides the property with in-place income. The visibility and the in-place income coupled with the easy access to Lake Shore Drive, the I-90/I-94 Expressway and public transportation makes this offering the perfect opportunity for an investor or user to acquire a well-maintained boutique office building in the heart of the vibrant River North neighborhood. Also available for lease.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 180,000 SF |
| Property Type | Industrial | No. Stories | 8 |
| Property Subtype | Year Built | 1919 | |
| Building Class | B | Tenancy | Single |
| Lot Size | 0.64 AC | No. Dock-High Doors/Loading | 1 |
| Zoning | DC-16 | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | |
| Building Class | B |
| Lot Size | 0.64 AC |
| Rentable Building Area | 180,000 SF |
| No. Stories | 8 |
| Year Built | 1919 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 1 |
| Zoning | DC-16 |
AMENITIES
- Security System
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $23,149,585 CAD | |
| Land Assessment | $4,110,305 CAD | Total Assessment | $27,259,890 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,110,305 CAD
Improvements Assessment
$23,149,585 CAD
Total Assessment
$27,259,890 CAD
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