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601 W Randolph St
Chicago, IL 60661
Office Property For Sale
Investment Highlights
- SUPERB TENANT TENURE WITH LONG TERM LEASES IN PLACE
- SUPERIOR WEST LOOP/EAST FULTON MARKET LOCATION
- EASILY ACCESSIBLE AND CENTRAL LOCATION RIGHT OFF EXPRESSWAY
- MEDICAL OFFICE, SURGERY CENTER - PLASTIC SURGERY + HIGHLY DISCRETIONARY INCOME
- HIGH BARRIERS TO ENTRY + SUPERIOR DEMOGRAPHICS
- INCREDIBLE BUSINESS ENVIRONMENT BETWEEN LOOP, WEST LOOP AND FULTON MARKET
Executive Summary
CBRE, Inc. is exclusively representing the sale of 601 W Randolph (“The Property”), a fully leased, mixed-use investment in Chicago’s West Loop. This ±14,800 square foot, five-story building features two tenants: The Aesthetic Institute of Chicago (medical) and Thomas Interiors (design). Strategically positioned at the corner of Randolph and Jefferson, the Property benefits from a prime location in a lively neighborhood renowned for its dining and entertainment options, as well as convenient access to all transportation. Offering a blend of historic character and modern design, The Property houses two established tenants within the vibrant core of the West Loop.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
14,800 SF
Building Class
B
Year Built/Renovated
1900/1986
Price
$6,780,356
Price Per SF
$458.13
Cap Rate
7.30%
NOI
$494,966
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
3,400 SF
Slab To Slab
12’
Building FAR
4.25
Lot Size
0.08 AC
Zoning
DX-7 - Downtown Mixed-Use District
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 17-09-331-019-0000 | Improvements Assessment | $376,405 |
| Land Assessment | $81,700 | Total Assessment | $458,105 |
Property Taxes
Parcel Number
17-09-331-019-0000
Land Assessment
$81,700
Improvements Assessment
$376,405
Total Assessment
$458,105
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