Log In/Sign Up
Your email has been sent.
US Bank Building 9204 S Commercial Ave 49,580 SF 43% Leased Office Building Chicago, IL 60617 $2,000,000 ($40.34/SF) 12.50% Cap Rate
Investment Highlights
- Motivated Seller
Executive Summary
Corner location on Commercial Avenue in South Chicago.
Seven retail storefronts plus four-story office component.
Existing cash flow from long-term tenants.
Elevator-served office building.
Four blocks from Lake Michigan.
Same ownership for the last 20 years.
Significant upside through lease-up and renovation of upper floors.
Seven retail storefronts plus four-story office component.
Existing cash flow from long-term tenants.
Elevator-served office building.
Four blocks from Lake Michigan.
Same ownership for the last 20 years.
Significant upside through lease-up and renovation of upper floors.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$460,000
|
$9.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$460,000
|
$9.28
|
| Taxes |
$150,000
|
$3.03
|
| Operating Expenses |
$60,000
|
$1.21
|
| Total Expenses |
$210,000
|
$4.24
|
| Net Operating Income |
$250,000
|
$5.04
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $460,000 |
| Annual Per SF | $9.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $460,000 |
| Annual Per SF | $9.28 |
| Taxes | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $3.03 |
| Operating Expenses | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $1.21 |
| Total Expenses | |
|---|---|
| Annual | $210,000 |
| Annual Per SF | $4.24 |
| Net Operating Income | |
|---|---|
| Annual | $250,000 |
| Annual Per SF | $5.04 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Building Size
49,580 SF
Building Class
C
Year Built
1955
Price
$2,000,000
Price Per SF
$40.34
Cap Rate
12.50%
NOI
$250,000
Percent Leased
43%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
12,395 SF
Building FAR
1.08
Lot Size
1.05 AC
Zoning
B3-2, Chicago - 9200 S Commercial Ave offers investors the opportunity to acquire a large mixed-use asset at a basis substantially below replacement cost.
Parking
50 Spaces (1.01 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Signage
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $978,076 | |
| Land Assessment | $54,298 | Annual Taxes | $150,000 ($3.03/SF) |
| Improvements Assessment | $923,778 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$54,298
Improvements Assessment
$923,778
Total Assessment
$978,076
Annual Taxes
$150,000 ($3.03/SF)
Tax Year
2025
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
US Bank Building | 9204 S Commercial Ave