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Browse More Listings in Office For Sale, Evanston, IL or Illinois

Office Property For Sale

Ridge Creative Office Lofts

1822 Ridge Ave., Evanston, IL 60201

Price:
$1,975,000
Building Size:
16,283 SF
Price/SF:
$121.29
Property Type:
Office
Property Sub-type:
Office-Warehouse
Property Use Type:
Investment
Cap Rate:
7.20%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1940
Lot Size:
19,980 SF
Find Out More...

Last Verified 11/19/2009 Listing ID 16037941

Highlights

Multi-tenant Office Building
Adjacent to Downtown Evanston
Loft Style Offices

$2 Indoor Parking Spaces
Close to Northwestern University
Ideal of User or Investor

Description

Ridge Creative Office Lofts is a double bow truss roof building that was developed into office use in the 1990's. There are 15 office suites on the ground floor with a 16,000sf lower level indoor parking lot. Office suites feature individual HVAC, high ceilings and skylights.

Located on Ridge Ave. adjacent to new condo rehabs, on the edge of Downtown Evanston and Northwestern University. Walk to public transportation. C2 Zoning.

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Year
2008
Effective Gross Income
$222,448
Operating Expenses
$80,212
Net Operating Income
$142,230

Tenant		Lease Expired
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Map of 1822 Ridge Ave., Evanston, IL 60201 (Cook County)

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Alan Goldberg (847) 933-9000 Ext: 211

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Created 12/24/2008

Additional Information for 1822 Ridge Avenue, Evanston, IL 60201

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - Ridge Creative Office Lofts

1822 Ridge Ave., Evanston, IL, 60201