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435 W Erie St - 435 W Erie St, Chicago, IL 60654 4,200 SF Office/Retail Condo Unit Offered at $4,139,745 CAD in Chicago, IL 60654
Investment Highlights
- Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN
- Extremely rare offering here, NOI Is $167,091, Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning
- If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, ETC.
- Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio
- This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level,
- Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites,
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | Sale Leaseback |
| Cap Rate | 5.59% | APN/Parcel ID | 17-09-127-039-1167 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.59% |
| Sale Conditions | Sale Leaseback |
| APN/Parcel ID | 17-09-127-039-1167 |
Description
Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091,
Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.
Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.
Sale Notes
Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091,
Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.
Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 104 | 4,200 SF | Office/Retail | $4,139,745 CAD ($985.65 CAD/SF) | $231,342.49 CAD |
Unit 104
| Unit Size |
| 4,200 SF |
| Condo Use |
| Office/Retail |
| Price |
| $4,139,745 CAD ($985.65 CAD/SF) |
| NOI |
| $231,342.49 CAD |
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Unit 104
| Unit Size | 4,200 SF |
| Condo Use | Office/Retail |
| Price | $4,139,745 CAD ($985.65 CAD/SF) |
| NOI | $231,342.49 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.59% |
| Sale Conditions | Sale Leaseback |
| APN/Parcel ID | 17-09-127-039-1167 |
| Description | |
| Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091,<br> Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.</li></ul> | |
| Sale Notes | |
| Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091,<br> Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 226,460 SF | Typical Floor Size | 14,850 SF |
| Property Type | Multifamily (Condo) | Year Built | 1998 |
| Property Subtype | Apartment | Lot Size | 0.10 AC |
| Building Class | B | Parking Ratio | 0.15/1,000 SF |
| Floors | 23 | ||
| Zoning | DX-7 - DX-7 Zoning. | ||
| Total Building Size | 226,460 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 23 |
| Typical Floor Size | 14,850 SF |
| Year Built | 1998 |
| Lot Size | 0.10 AC |
| Parking Ratio | 0.15/1,000 SF |
| Zoning | DX-7 - DX-7 Zoning. |
Amenities
- Smoke Detector
Site Amenities
- 24 Hour Access
- Fitness Center
- Security System
- Doorman
- Conference Rooms
- Elevator
- Multi Use Room
- Sundeck
- Private Bathroom
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
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Matterport 3D Exterior
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Street
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435 W Erie St - 435 W Erie St, Chicago, IL 60654
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