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75 W Harrison St 93,750 SF Specialty Building Offered For Sale in Chicago, IL 60605
Executive Summary
To view Offering Memorandum, please visit: https://www.cbredealflow.com/buyer/agreement?pv=--Gfy5EFsXjsR7oiVp8UVcTCWpJW1ahKQRYu7klab6dnIre8cm6ynuVWlOfzf8Ov
Opportunity to acquire a long-term leasehold interest in a 220-stall underground parking garage situated beneath a mixed-use development known as Printers Square in the South Loop neighborhood. It provides convenient parking access to nearby residential, commercial, and entertainment destinations. More specifically, the Printers Square block features 355 residential units above the parking garage in a prime location along the major thoroughfare of West Harrison Street with easy access throughout the neighborhood. The garage is well-lit and features building paid heating, electric, and exhaust.
The garage is under a 99-year lease plus three 50 year extension options that have been exercised, allowing for a lease term in total of 249 years. The building ownership provides the utilities, heating, lighting, security and also maintains the elevators and pedestrian access/exits to the garage. The garage maintains the ticketing & payment machines, along with the ingress & egress garage doors at the base of the ramp to/from Harrison Street.
Opportunity to acquire a long-term leasehold interest in a 220-stall underground parking garage situated beneath a mixed-use development known as Printers Square in the South Loop neighborhood. It provides convenient parking access to nearby residential, commercial, and entertainment destinations. More specifically, the Printers Square block features 355 residential units above the parking garage in a prime location along the major thoroughfare of West Harrison Street with easy access throughout the neighborhood. The garage is well-lit and features building paid heating, electric, and exhaust.
The garage is under a 99-year lease plus three 50 year extension options that have been exercised, allowing for a lease term in total of 249 years. The building ownership provides the utilities, heating, lighting, security and also maintains the elevators and pedestrian access/exits to the garage. The garage maintains the ticketing & payment machines, along with the ingress & egress garage doors at the base of the ramp to/from Harrison Street.
Property Facts
| Sale Type | Investment | Lot Size | 2.16 AC |
| Sale Condition | Ground Lease (Leasehold) | Building Size | 93,750 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Parking Garage | Year Built | 1913 |
| Building Class | C | ||
| Zoning | DX-12, Chicago - Downtown Mixed-Use District | ||
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leasehold) |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | C |
| Lot Size | 2.16 AC |
| Building Size | 93,750 SF |
| No. Stories | 1 |
| Year Built | 1913 |
| Zoning | DX-12, Chicago - Downtown Mixed-Use District |
Amenities
- Property Manager on Site
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 17-16-405-045-0000 | Improvements Assessment | $4,328,648 |
| Land Assessment | $105,736 | Total Assessment | $4,434,384 |
Property Taxes
Parcel Number
17-16-405-045-0000
Land Assessment
$105,736
Improvements Assessment
$4,328,648
Total Assessment
$4,434,384
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75 W Harrison St
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