100 South Morgan Street
Chicago, IL 60607 ·
22,207 SF · Office For Sale
100 South Morgan Street
|Building Size||22,207 SF||Property Use Type||Vacant/Owner-User|
|Property Type||Office||Lot Size||26,037 SF|
|Listing ID: 16603268||Date Created: 03/09/2010||Last Updated: 01/03/2012|
PRICE REDUCTION!!CB Richard Ellis has been retained as the exclusive advisor for the sale of 100 South Morgan Street, Chicago, Illinois ("the Property"). This offering provides the opportunity to purchase a one story-plus mezzanine office/warehouse facility containing approximately 22,207 square feet of net rentable area of which approximately 12,487 square feet is attractive office space and approximately 9,720 square feet is warehouse space. The improvements, which include a 21-space outdoor parking lot, are situated on a 26,037-square foot parcel. The property is currently owner-occupied and can be delivered vacant. The owner would also consider leasing back a portion of the space from a buyer. The warehouse portion of the facility is currently used for indoor parking with space for 23 cars. The site's favorable DX-5, Downtown Mixed-Use District zoning allows for a 5.0 maximum floor area ratio (FAR) making the property an excellent redevelopment opportunity.
100 South Morgan Street enjoys a prime location in Chicago's West Loop neighborhood. Located adjacent to the Central Business District (The Loop) to the west, the neighborhood is one of Chicago's most attractive and fastest growing neighborhoods. The West Loop has a superb amenity offering including a thriving restaurant district, a variety of retailers, service businesses and specialty shops, a gallery district and a well established residential and student base. The property has excellent access to the area's major transportation links, including the expressway system and bus and rail service.
- PRICE REDUCTION!!!Superb owner-user opportunity with abundant on-site parking.
- Excellent redevelopment potential with in-place DX-5 zoning allowing for development of 130 residential units.
- Corner location
- Excellent access to train and bus service.
- Potential uses office, residential and retail.
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