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1110 S Oakley Blvd 30,000 SF Office Building Chicago, IL 60612 For Sale
Executive Summary
This headquarters property is centrally located for all of Chicago’s Sergeants, Lieutenants and Captains for the Illinois Department of Corrections.
The State of Illinois (Department of Corrections) has an A- S&P Global Credit Rating.
Investment Highlights:
• Government Headquarters Building for Parolees and Parole Officers, only 1 of 3 in the State of Illinois
• Tenant requires a STANDALONE Building making 1110 South Oakley an IDEAL Headquarters Site
• Current Rent for tenant is well below Market Rent of $30.50 PSF in South Chicago Sub-Market
• Tenant is on their 5TH LEASE RENEWAL, proving their commitment to the Site and Area
- SELLER GUARANTEE FOR AN EXTENDED PERIOD OF TIME IS ALSO AVAIBLE, PLEASE CALL BROKER TO DISCUSS.
View Confidentiality Agreement: https://www.cbredealflow.com/buyer/findprofile?pv=Cclpt4ptFwElKfLcrDG_Y5kkbRXqXcrjsA8VO2u7EILBt3L3aa2idM8i6HXENZbh
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- -
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$9.99
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Lorem Ipsum
-
Jan 0000
The Illinois Department of Corrections (IDOC) was established in 1970. During its creation, the agency combined administration of all state prisons, juvenile centers and adult and juvenile parole services under one direction for the first time. The creation of the training academy followed in 1974, which helped set the foundation of training the best staff possible for the agency's correctional facilities. On July 1, 2006, the Illinois Department of Juvenile Justice was formed, which separated the adult and juvenile corrections systems. When IDOC originated, Illinois only operated seven adult facilities. Since that time, stricter laws have resulted in increased sentencing and longer terms. To address this steady increase in the inmate population, the agency today operates 25 adult correctional centers as well as boot camps, work camps and adult transition centers.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $477,610 | |
| Land Assessment | $155,390 | Total Assessment | $633,000 |
Property Taxes
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1110 S Oakley Blvd
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