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3700 S Iron St 52,320 SF 99% Leased Office Building Chicago, IL 60609 For Sale 9% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Recently Renovated
  • New Roof, HVAC, Plumbing and Electrical
  • Class A - Flex Office Space

EXECUTIVE SUMMARY

Welcome to The Iron Lab. A Prime Flex Space Office Building with Service Retail Spaces on all floors. Don't miss this exceptional opportunity to expand your business and or investment portfolio in this Fantastic recently renovated Building. This Elevator Building offers 4 Floors each approximately 10,464 SF plus basement storage spaces as well. The building is currently Leased at 98%. The Main Floor consists of a beautiful event space and gallery and a spacious marketing advertising firm. The second floor has 2 Artist Spaces, a Yoga Studio, a Beauty Spa, a Tattoo Parlor and a Fragrance company. The 3rd Floor has many Beauty Spas and Barber Shops, they can do it all, just ideal customized spaces. The 4th Floor consists of a few NGO's, the Management office and other artist space and professional offices. All around one of the nicest floors in the whole of Bridgeport. Whether you are envisioning a flagship Flex Space Office Building in the Bridgeport Crossing area tying McKinley Park and Bridgeport. This is your building to invest and make this beautiful building the next chapter on your investment portfolio.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
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 (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
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
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
52,320 SF
Building Class
B
Year Built
1920
Cap Rate
9%
Percent Leased
99%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
10,464 SF
Slab To Slab
11’
Building FAR
2.50
Lot Size
0.48 AC
Zoning
PMD 8A - Planned Manufacturing District
Parking
40 Spaces (0.7 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Property Manager on Site
  • Restaurant
  • Storage Space
  • High Ceilings
  • Natural Light

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Bridge to Freedom
  • -
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
  • De La Torre Body Art
  • Retailer
  • -
  • -
  • -
  • Jan 0000
  • Fabex
  • Construction
  • -
  • -
  • -
  • Jan 0000
  • Fashion Designer
  • -
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
  • Golf Simulator
  • -
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

LAMBERT, FOUNDED IN 2013 BY TYLER LAMBERT BEGAN AS A HOBBY OF SORTS WITH TIME NURTURED INTO THE ECLECTIC READY-TO-WEAR BRAND AS SEEN TODAY. DESIGNED WITH QUALITY & PURPOSE - INSPIRED BY ELEMENTS SUCH AS, YOUTH, VERSATILITY, 'STREETWEAR'.

  • Neighbors for Environmental Justice
  • Educational Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Vash Beauty Supply
  • Retailer
  • -
  • -
  • -
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Bridge to Freedom - - - Lorem Ipsum Jan 0000
De La Torre Body Art Retailer - - - Jan 0000
Fabex Construction - - - Jan 0000
Fashion Designer - - - Lorem Ipsum Jan 0000
Golf Simulator - - - Lorem Ipsum Jan 0000
Retailer - $9.99 Lorem Ipsum Jan 0000
Neighbors for Environmental Justice Educational Services - $9.99 Lorem Ipsum Jan 0000
Vash Beauty Supply Retailer - - - Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 3rd Fl-Ste 3H
  • 416 SF
  • Office/Retail
  • Partial Build-Out
  • Now

Excellent retail or professional services space; cool, dramatic space with 22' ft, two-story open ceiling; full buildout available; corner unit with generous southwest window line; numerous established personal and health care and clothing tenants on floor providing active customer traffic.

Space Size Space Use Condition Available
3rd Fl-Ste 3H 416 SF Office/Retail Partial Build-Out Now

3rd Fl-Ste 3H

Size
416 SF
Space Use
Office/Retail
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste 3H

Size 416 SF
Space Use Office/Retail
Condition Partial Build-Out
Available Now

Excellent retail or professional services space; cool, dramatic space with 22' ft, two-story open ceiling; full buildout available; corner unit with generous southwest window line; numerous established personal and health care and clothing tenants on floor providing active customer traffic.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-32-300-196-0000
Land Assessment
$77,663
Improvements Assessment
$849,588
Total Assessment
$927,251
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 38905660

  • Date on Market: 12/26/2025

  • Last Updated:

  • Address: 3700 S Iron St, Chicago, IL 60609

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