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601 W Randolph St 14,800 SF 100% Leased Office Building Chicago, IL 60661 $9,464,835 CAD ($639.52 CAD/SF) 7.30% Cap Rate
INVESTMENT HIGHLIGHTS
- SUPERB TENANT TENURE WITH LONG TERM LEASES IN PLACE
- SUPERIOR WEST LOOP/EAST FULTON MARKET LOCATION
- EASILY ACCESSIBLE AND CENTRAL LOCATION RIGHT OFF EXPRESSWAY
- MEDICAL OFFICE, SURGERY CENTER - PLASTIC SURGERY + HIGHLY DISCRETIONARY INCOME
- HIGH BARRIERS TO ENTRY + SUPERIOR DEMOGRAPHICS
- INCREDIBLE BUSINESS ENVIRONMENT BETWEEN LOOP, WEST LOOP AND FULTON MARKET
EXECUTIVE SUMMARY
CBRE, Inc. is exclusively representing the sale of 601 W Randolph (“The Property”), a fully leased, mixed-use investment in Chicago’s West Loop. This ±14,800 square foot, five-story building features two tenants: The Aesthetic Institute of Chicago (medical) and Thomas Interiors (design). Strategically positioned at the corner of Randolph and Jefferson, the Property benefits from a prime location in a lively neighborhood renowned for its dining and entertainment options, as well as convenient access to all transportation. Offering a blend of historic character and modern design, The Property houses two established tenants within the vibrant core of the West Loop.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
14,800 SF
Building Class
B
Year Built/Renovated
1900/1986
Price
$9,464,835 CAD
Price Per SF
$639.52 CAD
Cap Rate
7.30%
NOI
$690,933 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
3,400 SF
Slab To Slab
12’
Building FAR
4.25
Lot Size
0.08 AC
Zoning
DX-7 - Downtown Mixed-Use District
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 17-09-331-019-0000 | Improvements Assessment | $525,431 CAD |
| Land Assessment | $114,047 CAD | Total Assessment | $639,478 CAD |
PROPERTY TAXES
Parcel Number
17-09-331-019-0000
Land Assessment
$114,047 CAD
Improvements Assessment
$525,431 CAD
Total Assessment
$639,478 CAD
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601 W Randolph St
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