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1348 W Concord Pl 17,250 SF 33% Leased Office Building Chicago, IL 60642 $2,995,000 ($173.62/SF)
INVESTMENT HIGHLIGHTS
- Complete buildout
- Open plan with exposed brick walls
- Backup generator
- Elevator
- FF&E included
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$428,281
|
$24.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$428,281
|
$24.83
|
| Taxes |
$89,000
|
$5.16
|
| Operating Expenses |
$9,736
|
$0.56
|
| Total Expenses |
$98,736
|
$5.72
|
| Net Operating Income |
$329,545
|
$19.10
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $428,281 |
| Annual Per SF | $24.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $428,281 |
| Annual Per SF | $24.83 |
| Taxes | |
|---|---|
| Annual | $89,000 |
| Annual Per SF | $5.16 |
| Operating Expenses | |
|---|---|
| Annual | $9,736 |
| Annual Per SF | $0.56 |
| Total Expenses | |
|---|---|
| Annual | $98,736 |
| Annual Per SF | $5.72 |
| Net Operating Income | |
|---|---|
| Annual | $329,545 |
| Annual Per SF | $19.10 |
PROPERTY FACTS
AMENITIES
- Bus Line
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
IMMEDIATELY AVAILABLE! INCREDIBLE LOFT STYLE OFFICE SPACE COMPLETELY BUILT-OUT! UP TO 11,500 SQ FT AVAILABLE...5750 SQ. FT. (if occupying one floor) OR 11,500 SQ. FT. (if occupying both floors)...BOTH FLOORS CURRENTLY AVAILABLE. PRIVATE OFFICES, CONFERENCE ROOMS, COPY ROOM, PREPPED SERVER ROOM, LOTS OF STORAGE, ETC...SEPARATE HVAC, FREIGHT ELEVATOR MODIFIED TO A PASSENGER ELEVATOR PLUS A FULL BUILDING GENERATOR. $23/FT. MODIFIED GROSS LEASE WITH REAL ESTATE TAX ESCALATION CLAUSE. TENANT IS ALSO RESPONSIBLE FOR UTILITIES AND MAINTENANCE.
IMMEDIATELY AVAILABLE! INCREDIBLE LOFT STYLE OFFICE SPACE COMPLETELY BUILT-OUT! UP TO 11,500 SQ FT AVAILABLE...5750 SQ. FT. (if occupying one floor) OR 11,500 SQ. FT. (if occupying both floors)...BOTH FLOORS CURRENTLY AVAILABLE. PRIVATE OFFICES, CONFERENCE ROOMS, COPY ROOM, PREPPED SERVER ROOM, LOTS OF STORAGE, ETC...SEPARATE HVAC, FREIGHT ELEVATOR MODIFIED TO A PASSENGER ELEVATOR PLUS A FULL BUILDING GENERATOR. $23/FT. MODIFIED GROSS LEASE WITH REAL ESTATE TAX ESCALATION CLAUSE. TENANT IS ALSO RESPONSIBLE FOR UTILITIES AND MAINTENANCE.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 5,750 SF | Office | Full Build-Out | Now |
| 3rd Floor | 5,750 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 5,750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 5,750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 5,750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
IMMEDIATELY AVAILABLE! INCREDIBLE LOFT STYLE OFFICE SPACE COMPLETELY BUILT-OUT! UP TO 11,500 SQ FT AVAILABLE...5750 SQ. FT. (if occupying one floor) OR 11,500 SQ. FT. (if occupying both floors)...BOTH FLOORS CURRENTLY AVAILABLE. PRIVATE OFFICES, CONFERENCE ROOMS, COPY ROOM, PREPPED SERVER ROOM, LOTS OF STORAGE, ETC...SEPARATE HVAC, FREIGHT ELEVATOR MODIFIED TO A PASSENGER ELEVATOR PLUS A FULL BUILDING GENERATOR. $23/FT. MODIFIED GROSS LEASE WITH REAL ESTATE TAX ESCALATION CLAUSE. TENANT IS ALSO RESPONSIBLE FOR UTILITIES AND MAINTENANCE.
3rd Floor
| Size | 5,750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
IMMEDIATELY AVAILABLE! INCREDIBLE LOFT STYLE OFFICE SPACE COMPLETELY BUILT-OUT! UP TO 11,500 SQ FT AVAILABLE...5750 SQ. FT. (if occupying one floor) OR 11,500 SQ. FT. (if occupying both floors)...BOTH FLOORS CURRENTLY AVAILABLE. PRIVATE OFFICES, CONFERENCE ROOMS, COPY ROOM, PREPPED SERVER ROOM, LOTS OF STORAGE, ETC...SEPARATE HVAC, FREIGHT ELEVATOR MODIFIED TO A PASSENGER ELEVATOR PLUS A FULL BUILDING GENERATOR. $23/FT. MODIFIED GROSS LEASE WITH REAL ESTATE TAX ESCALATION CLAUSE. TENANT IS ALSO RESPONSIBLE FOR UTILITIES AND MAINTENANCE.
PROPERTY TAXES
| Parcel Number | 14-32-316-047-0000 | Total Assessment | $422,500 |
| Land Assessment | $46,695 | Annual Taxes | $89,000 ($5.16/SF) |
| Improvements Assessment | $375,805 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
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1348 W Concord Pl
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