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Investment Highlights

  • Beautifully rehabbed unit was updated in 2021 and boasts 2 floors, a well thought out floor plan, and beautiful finishes
  • Located in a highly dense residential and commercial area with strong vehicular traffic counts and easy access to highway & public transportation
  • Open concept first floor with hardwood floors, dramatic ceiling height, and tons of natural light

Executive Summary

Huge duplex down commercial condo in the heart of River West bordering the exploding West Loop, West Town, and Fulton Market neighborhoods! This beautifully rehabbed unit was updated in 2021 and boasts 2 floors, a well thought out floor plan, and beautiful finishes. The open concept first floor has hardwood floors, dramatic ceiling height, tons of natural light, a snack station, extra storage areas, and a bathroom. The lower level layout was expertly designed with a gathering area, a gorgeous glass enclosed conference room and office, kitchen, bathroom, and hidden server room. Floor to ceiling windows on the first floor allow tons of light to both levels through the large atrium. There's space for 3 parking spots in the rear of the building. The property is located in a highly dense residential and commercial area with strong vehicular traffic counts. Area tenants include My Chicago Golf, Orange Theory, CVS, Dunkin' Donuts, Urban Market, Matchbox, Starbucks, Erie Street Auto Body, and many more. You're only 2 blocks to the Blue Line L stop and access to Kennedy Expressway. This is the perfect space to showcase your business!

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1st Fl/Bsm
  • 3,600 SF
  • Office/Retail
  • $750,000 ($208.33/SF)
  • -
Sale Type Investment or Owner User
Sale Status Under Contract
No. Parking Spaces 3
APN/Parcel ID 17-08-220-063-1001
Description
Huge duplex down commercial condo in the heart of River West bordering the exploding West Loop, West Town, and Fulton Market neighborhoods! This beautifully rehabbed unit was updated in 2021 and boasts 2 floors, a well thought out floor plan, and beautiful finishes.
Sale Notes
The property is located in a highly dense residential and commercial area with strong vehicular traffic counts. Area tenants include My Chicago Golf, Orange Theory, CVS, Dunkin' Donuts, Urban Market, Matchbox, Starbucks, Erie Street Auto Body, and many more. It's only 2 blocks to the Blue Line L stop and has quick access to the Kennedy Expressway.
Unit Unit Size Condo Use Price NOI
Unit 1st Fl/Bsm 3,600 SF Office/Retail $750,000 ($208.33/SF) -

Unit 1st Fl/Bsm

Unit Size
3,600 SF
Condo Use
Office/Retail
Price
$750,000 ($208.33/SF)
NOI
-

Unit 1st Fl/Bsm

Unit Size 3,600 SF
Condo Use Office/Retail
Price $750,000 ($208.33/SF)
NOI -
Sale Type Investment or Owner User
Sale Status Under Contract
No. Parking Spaces 3
APN/Parcel ID 17-08-220-063-1001
Description
Huge duplex down commercial condo in the heart of River West bordering the exploding West Loop, West Town, and Fulton Market neighborhoods! This beautifully rehabbed unit was updated in 2021 and boasts 2 floors, a well thought out floor plan, and beautiful finishes.</li></ul>
Sale Notes
The property is located in a highly dense residential and commercial area with strong vehicular traffic counts. Area tenants include My Chicago Golf, Orange Theory, CVS, Dunkin&#39; Donuts, Urban Market, Matchbox, Starbucks, Erie Street Auto Body, and many more. It&#39;s only 2 blocks to the Blue Line L stop and has quick access to the Kennedy Expressway.</li></ul>

Property Facts Under Contract

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 8,300 SF
Property Type Retail (Condo)
Property Subtype
Storefront Retail/Office
  • General Retail Storefront
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Building Class C
Floors 4
Typical Floor Size 1,800 SF
Year Built 1879
Lot Size 0.07 AC
Parking Ratio 0.36/1,000 SF
Zoning C1-3 - Neighborhood Commercial District - Retail storefronts. Allows more business types than B1 districts, including liquor stores, warehouses, & auto shops

Amenities

  • Bus Line
  • Signage
Exceptionally walkable
100/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
60/100

Nearby Major Retailers

Orangetheory Fitness
U.S. Bank
Chase
Matchbox
Mendocino Farms
Heartland Bank & Trust Company
First Financial bank
Equinox
CrossFit
Fit Body Boot Camp
  • Listing ID: 28123344

  • Date on Market: 4/2/2023

  • Last Updated:

  • Address: 705 N Milwaukee Ave, Chicago, IL 60642

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