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Roosevelt Office Lofts and Retail Shops 622 W Roosevelt Rd 10,632 SF Vacant Office Building Chicago, IL 60607 $3,000,000 ($282.17/SF)

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INVESTMENT HIGHLIGHTS

  • 622 W. Roosevelt 1st Floor and LL has been leased to a national dispensary
  • On-site parking behind building
  • 100’ from Dan Ryan Expressway (I-90/94)
  • 622 W. Roosevelt has undergone a complete renovation
  • Located in DS-3 Downtown Service District enterprise zone, no transfer tax upon sale

EXECUTIVE SUMMARY

10,632 RSF of office and retail space located in South Loop, surrounded by diverse retailers with easy access to I-90 and public transportation. 52.75% occupied with long-term lease in place with an excellent credit tenant.
The building has undergone a complete renovation, which includes:
• New elevator and roof
• Upgraded HVAC systems
• Widened stairwells
• High ceilings
• New in-suite bathrooms
• New elevator lobby
• New interior and exterior doors
• Acreage: .13 acres
• On-site parking behind building
• Located in DS-3 Downtown Service District enterprise zone, no transfer tax upon sale
• Real Estate Tax Parcels: 17-16-331-030-0000

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,632 SF
Building Class
B
Year Built
1904
Price
$3,000,000
Price Per SF
$282.17
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,544 SF
Building FAR
1.85
Lot Size
0.13 AC
Zoning
DS-3 - DS-3 Downtown Service District, Rail yards, warehouses, and small businesses on downtown's periphery.
Parking
5 Spaces (0.47 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 2nd Fl-Ste 200
  • 2,332 SF
  • Office/Retail
  • Partial Build-Out
  • Now

• 2,332 RSF • High ceilings and new in-suite bathrooms • Great natural light, from south and north windows. • Space ready for tenant buildout • Virtual Tour: https://my.matterport.com/show/?m=rVZQZ1Kyekk

  • 3rd Fl-Ste 300
  • 2,692 SF
  • Office/Retail
  • Partial Build-Out
  • Now

• 2,692 RSF • Top floor unit with high ceilings and new in-suite bathrooms • Great natural light, from south and north windows. • Space ready for tenant buildout • New elevator, upgraded HVAC systems, widened stairwells • Virtual Tour: https://my.matterport.com/show/?m=STdmZWCrJKK

Space Size Space Use Condition Available
2nd Fl-Ste 200 2,332 SF Office/Retail Partial Build-Out Now
3rd Fl-Ste 300 2,692 SF Office/Retail Partial Build-Out Now

2nd Fl-Ste 200

Size
2,332 SF
Space Use
Office/Retail
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste 300

Size
2,692 SF
Space Use
Office/Retail
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 200

Size 2,332 SF
Space Use Office/Retail
Condition Partial Build-Out
Available Now

• 2,332 RSF • High ceilings and new in-suite bathrooms • Great natural light, from south and north windows. • Space ready for tenant buildout • Virtual Tour: https://my.matterport.com/show/?m=rVZQZ1Kyekk

3rd Fl-Ste 300

Size 2,692 SF
Space Use Office/Retail
Condition Partial Build-Out
Available Now

• 2,692 RSF • Top floor unit with high ceilings and new in-suite bathrooms • Great natural light, from south and north windows. • Space ready for tenant buildout • New elevator, upgraded HVAC systems, widened stairwells • Virtual Tour: https://my.matterport.com/show/?m=STdmZWCrJKK

Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (85)
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-16-331-030-0000
Land Assessment
$55,650
Improvements Assessment
$210,672
Total Assessment
$266,322
  • Listing ID: 33435555

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 622 W Roosevelt Rd, Chicago, IL 60607

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