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806 N Rush St
Chicago, IL 60611
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 3-Story Mixed-Use (Retail/Residential)
- Among the strongest demographics in the nation including income, daytime population, total population, and average household income
- Excellent Access to Public Transportation and I-90/I-94/I-290/I-55 Expressways
- Possible For 1030/Land Banking Money - Possible Seller Equity in New Development
- Zoning: DX-12
- Excellent Signage Income - South Wall
EXECUTIVE SUMMARY
The JonBerg Group of Baird & Warner Real Estate, INC has been exclusively engaged to solicit offers to purchase the fee simple interest of the subject property located at 806 North Rush Street, Chicago Illinois 60611 (the "Property"). Situated on a 1,742-square-foot lot, this 3,912-square-foot building is zoned DX-12, allowing numerous uses. This opportunity exists in one of the strongest-performing commercial, retail, and residential real estate markets in the world. The subject property is described as a freestanding mixed-use building currently entirely vacant with excellent development potential. Just steps from Chicago’s famed Historic Water Tower, this building sits in one of the busiest locations in all of Chicagoland. Located in the heart of the most popular shopping destinations in the Midwest, this premier asset takes complete advantage of the Gold Coast, Rush Street, and Michigan Avenue. It is an excellent opportunity for an owner-user, investor, or developer.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,912 SF
Building Class
C
Year Built
1905
Price
$9,500,000
Price Per SF
$2,428.43
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.24
Lot Size
0.04 AC
Zoning
Zoned DX-12 - None (no restrictions), but buildings taller than the city's "building height thresholds" require a Planned Development Review.
Frontage
41’ on Rush St
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 17-03-230-005-0000 | Improvements Assessment | $135,849 |
| Land Assessment | $54,151 | Total Assessment | $190,000 |
PROPERTY TAXES
Parcel Number
17-03-230-005-0000
Land Assessment
$54,151
Improvements Assessment
$135,849
Total Assessment
$190,000
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