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US Bank Building 9204 S Commercial Ave 49,580 SF 43% Leased Office Building Chicago, IL 60617 $2,816,980 CAD ($56.82 CAD/SF) 12.50% Cap Rate
Investment Highlights
- Motivated Seller
Executive Summary
Corner location on Commercial Avenue in South Chicago.
Seven retail storefronts plus four-story office component.
Existing cash flow from long-term tenants.
Elevator-served office building.
Four blocks from Lake Michigan.
Same ownership for the last 20 years.
Significant upside through lease-up and renovation of upper floors.
Seven retail storefronts plus four-story office component.
Existing cash flow from long-term tenants.
Elevator-served office building.
Four blocks from Lake Michigan.
Same ownership for the last 20 years.
Significant upside through lease-up and renovation of upper floors.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$647,905
|
$13.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$647,905
|
$13.07
|
| Taxes |
$211,273
|
$4.26
|
| Operating Expenses |
$84,509
|
$1.70
|
| Total Expenses |
$295,783
|
$5.97
|
| Net Operating Income |
$352,122
|
$7.10
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $647,905 |
| Annual Per SF | $13.07 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $647,905 |
| Annual Per SF | $13.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $211,273 |
| Annual Per SF | $4.26 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $84,509 |
| Annual Per SF | $1.70 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $295,783 |
| Annual Per SF | $5.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $352,122 |
| Annual Per SF | $7.10 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Building Size
49,580 SF
Building Class
C
Year Built
1955
Price
$2,816,980 CAD
Price Per SF
$56.82 CAD
Cap Rate
12.50%
NOI
$352,122 CAD
Percent Leased
43%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
12,395 SF
Building FAR
1.08
Lot Size
1.05 AC
Zoning
B3-2, Chicago - 9200 S Commercial Ave offers investors the opportunity to acquire a large mixed-use asset at a basis substantially below replacement cost.
Parking
50 Spaces (1.01 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Signage
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,387,890 CAD | |
| Land Assessment | $77,049 CAD | Annual Taxes | $211,273 CAD ($4.26 CAD/SF) |
| Improvements Assessment | $1,310,841 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$77,049 CAD
Improvements Assessment
$1,310,841 CAD
Total Assessment
$1,387,890 CAD
Annual Taxes
$211,273 CAD ($4.26 CAD/SF)
Tax Year
2025
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Presented by
Mavrakis Properties
US Bank Building | 9204 S Commercial Ave
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