542-566 W Roosevelt Rd | Chicago, IL 60607
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- LoopNet Team
542-566 W Roosevelt Rd
Chicago, IL 60607
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Attractive assumable debt
- Value-add through lease up, potential to spin off billboard, potential to acquire the 2 suites on western portion of the asset that are NAP
- Close proximity to Interstate 90
- More than $1.5M spent in recent years to revitalize the asset
- Well positioned in an active stretch of Chicago's South Loop
- Customer specific parking on-site
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
24,558 SF
Building Class
C
Year Built/Renovated
1964/2019
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.77
Lot Size
0.73 AC
Zoning
DS-3 - Downtown Service District
Parking
28 Spaces (1.14 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $382,568 | |
| Land Assessment | $361,420 | Total Assessment | $743,988 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$361,420
Improvements Assessment
$382,568
Total Assessment
$743,988
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