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Office/Industrial/Lease 2945 W Harrison St 11,900 SF 45% Leased Office Building Chicago, IL 60612 $1,400,000 ($117.65/SF) 7.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Updated rehab building with all new mechanicals, new roof and fully tuck pointed
EXECUTIVE SUMMARY
Commercial Mixed-Use Investment Property with Multiple Income Stream Potential Don't miss this rare opportunity to acquire a fully renovated commercial mixed-use space, with active rental income, and additional leasable space currently available. The property has undergone extensive interior and exterior updates in the last 5 years, and stands alone its' class on the market. Key Features: Fully Rehabbed Warehouse: Updated and ready for business, ensuring minimal maintenance costs. Existing Tenant: One lessee currently occupying 1 of 3 rentable spaces, providing immediate rental income. Additional Leasable Space: With extra square footage still available for lease, you have ample opportunity to cash flow by securing additional tenants. This property is a unique investment for businesses and investors alike to capitalize on multiple income streams in a prime location. Whether you're an experienced investor or looking for your first commercial property, this is an excellent chance to secure a profitable asset.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
11,900 SF
Building Class
B
Year Built/Renovated
1927/2019
Price
$1,400,000
Price Per SF
$117.65
Cap Rate
7.10%
NOI
$99,400
Percent Leased
45%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,950 SF
Slab To Slab
13’
Building FAR
1.01
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
C1-2 - Lot area per unit: 1,000 sq ft/dwelling unit, 700 sq ft/efficiency unit, 700 sq ft/SRO unit.
AMENITIES
- Controlled Access
- Security System
- Storage Space
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Princeton Technical Services
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Princeton Technical Services | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Walk Score®
Very Walkable (72)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 16-13-302-003-0000 | Total Assessment | $209,231 (2024) |
| Land Assessment | $32,094 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $177,137 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
16-13-302-003-0000
Land Assessment
$32,094 (2024)
Improvements Assessment
$177,137 (2024)
Total Assessment
$209,231 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Office/Industrial/Lease | 2945 W Harrison St
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