ADDRESS
Suite C-1
55 East Erie St
Chicago, IL 60611
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
MULTI-TENANT INDUSTRIAL 100% LEASED 96,070 SF 100% leased 96,070 SF multi-tenant building on 5.6 acres. Masonry main building with 13,680 sf steel add on section. Three 2000 amp services, multiple drive in doors, 5 docks, ceilings vary, office areas vary. Built in 1957 with multiple additions. Upside potential by raising rents and adding separate gas and electric meters. Double capacity wet sprinklers. Partially air conditioned. Additional building site at signalized intersection that could be re-zoned and split off for commercial use. Note: Owner will lease back Unit 8 at $5 psf. Ask for rent roll and operating statement. 7.6% cap rate using 5% vacancy plus significant upside.
2 months ago | Status changed to Active | |
3 months ago | Price changed to $3,300,000 | |
6 months ago | Listing first seen online | |
7 months ago | Listing updated with changes from the MLS® |
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.