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600 S Clark St 59,884 SF Specialty Building Offered For Sale in Chicago, IL 60605
INVESTMENT HIGHLIGHTS
- Four (4) level parking garage at the edge of the vibrant Printers Row neighborhood in Chicago's South Loop
- Rare opportunity to acquire and operate a parking structure in Downtown Chicago given the MTM Management Agreement with Park One
- Potential to acquire the adjacent loft office building located at 601 S. LaSalle to compile a larger redevelopment
- Located steps from several public transit options including the LaSalle Metra Station, LaSalle Blue Line "L" Station, and others
EXECUTIVE SUMMARY
Multi-level parking garage located at the SWC of Clark Street and Harrison Street in Chicago's South Loop. The garage features 175 parking spaces over four (4) levels, with entrances and exits along both Clark Street and Harrison Street. Additionally, the site is conveniently located just a few blocks east of the Ida B. Wells feeder ramp, one of the main access points to Downtown Chicago, and just steps from the LaSalle Street Metra Station. Located at the southwest corner of Clark Street and Harrison Street, the building is part of the western edge of the vibrant Printers Row neighborhood, featuring dozens of residential loft buildings and a multitude of restaurants and service oriented tenants. Park One operates the garage under a management agreement on a MTM basis. The Property is under the same Ownership as the adjacent building at 601 S. LaSalle and can be purchased together as part of a redevelopment.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 0.64 AC |
| Sale Condition | Redevelopment Project | Building Size | 59,884 SF |
| Property Type | Specialty | No. Stories | 4 |
| Property Subtype | Parking Garage | Year Built | 1961 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Zoning | DX-12 - Downtown Mixed-Use District | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 59,884 SF |
| No. Stories | 4 |
| Year Built | 1961 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | DX-12 - Downtown Mixed-Use District |
AMENITIES
- Commuter Rail
- Metro/Subway
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 17-16-404-017-0000 | Improvements Assessment | $279,773 |
| Land Assessment | $833,250 | Total Assessment | $1,113,023 |
PROPERTY TAXES
Parcel Number
17-16-404-017-0000
Land Assessment
$833,250
Improvements Assessment
$279,773
Total Assessment
$1,113,023
CONTACTS
-
Matt Tarshis -
Zack Pearlstein -
Andrew Rubin -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
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600 S Clark St
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