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4810-4820 N Western Ave 18,202 SF 100% Leased Office Building Chicago, IL 60625 $4,950,000 ($271.95/SF)
Executive Summary
The JonBerg Group of Baird & Warner Real Estate, INC has been exclusively engaged to solicit offers to purchase the fee
simple interest of the subject property located at 4810-4820 North Western Ave., Chicago, IL 60625 (the "Property"). This urban office/retail building is located in Chicago’s dense and affluent Lincoln Square neighborhood. The subject property is zoned B3-2 and situated in a mixed commercial and residential city setting. Featuring a vacant two-story building ±18,000 SF GLA, and ±8,276 SF lot. *** Property boasts ±90.03’ of frontage on Western Avenue with the traffic counts exceeding 34,500 VPD! The latest neighborhood investments: such as new construction, condos, rentals, restaurants, nightlife, and supermarkets have steadily brought in new homeowners and tenants to this thrilling neighborhood of Chicago. The subject property presents the unique development/re-development opportunity to acquire a stand-alone building in the Lincoln Square district.
simple interest of the subject property located at 4810-4820 North Western Ave., Chicago, IL 60625 (the "Property"). This urban office/retail building is located in Chicago’s dense and affluent Lincoln Square neighborhood. The subject property is zoned B3-2 and situated in a mixed commercial and residential city setting. Featuring a vacant two-story building ±18,000 SF GLA, and ±8,276 SF lot. *** Property boasts ±90.03’ of frontage on Western Avenue with the traffic counts exceeding 34,500 VPD! The latest neighborhood investments: such as new construction, condos, rentals, restaurants, nightlife, and supermarkets have steadily brought in new homeowners and tenants to this thrilling neighborhood of Chicago. The subject property presents the unique development/re-development opportunity to acquire a stand-alone building in the Lincoln Square district.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
18,202 SF
Building Class
B
Year Built/Renovated
1910/1985
Price
$4,950,000
Price Per SF
$271.95
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,905 SF
Building FAR
2.20
Lot Size
0.19 AC
Zoning
B3-2; Chicago - B3-2 (Community Shopping District - shopping centers, large stores, and retail storefronts, often along major streets.
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Metro/Subway
- Security System
- Signage
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 13-12-425-051-0000 | Improvements Assessment | $325,296 |
| Land Assessment | $72,704 | Total Assessment | $398,000 |
Property Taxes
Parcel Number
13-12-425-051-0000
Land Assessment
$72,704
Improvements Assessment
$325,296
Total Assessment
$398,000
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4810-4820 N Western Ave