First-Floor Live-Work Commercial
106 N Aberdeen St Chicago, IL 60607
106 N Aberdeen St, Chicago, IL, 60607
Contact for pricing
For Sale
Contact for pricing
First-floor live-work condo with open layout, expansive light, ~10-foot ceilings, and a reception, conference room, and full kitchen.
Property Size6,000 SF
Price / SF$275
Days on Market174
Property Features for 106 N Aberdeen St
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office, Hospitality, Special Purpose
Building Details
- Year Built
- 1915
Listing agency
Mark Weiss
Listed by
Mark B Weiss · License #IL 471007694
Source
Crexi
Added: Jan 28 Updated: Jul 20 at 4:45PM Checked: Jul 21 at 7:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mark Weiss
Investment Insights
Based on property information with market context.
Unit One at the Brixton Lofts is a first-floor live-work condominium offering approximately 6,000+/- square feet of adaptable commercial and residential space. The layout is designed for light and flexibility, with abundant natural light from south-, east-, and west-facing exposures and ceiling heights of approximately 10 feet. The unit features a deluxe kitchen with granite countertops, a large breakfast bar, Sub-Zero appliances, and generous cabinet storage, along with a reception area with granite counters. Glass office partitions are removable, and the space includes a private conference room accommodating 10+ staff members. Bedrooms or private offices are positioned along the perimeter. The unit has one full bathroom with a soaking whirlpool tub and multi-head shower, plus two additional powder rooms, with exposed brick and finished drywall throughout. Additional improvements include two-zone HVAC, 400-amp electrical service, and an integrated alarm system, along with hardwood flooring with accents of carpeting and ceramic tile, and one interior parking space suitable for a small to medium vehicle.
Located at 106 North Aberdeen Street in Chicago’s West Loop, the property is identified with DX-3 zoning, which supports a range of office, medical, and showroom or flex uses. The configuration includes both professional meeting space and reconfigurable office areas, making it suitable for owner-users and investors seeking long-term flexibility under the same roof.
This offering is presented as a commercial condo option within the West Loop, with an efficient single-floor plan that can support open work areas, private offices, or multi-suite conversions.
Located at 106 North Aberdeen Street in Chicago’s West Loop, the property is identified with DX-3 zoning, which supports a range of office, medical, and showroom or flex uses. The configuration includes both professional meeting space and reconfigurable office areas, making it suitable for owner-users and investors seeking long-term flexibility under the same roof.
This offering is presented as a commercial condo option within the West Loop, with an efficient single-floor plan that can support open work areas, private offices, or multi-suite conversions.
Key Highlights
- Approximately 6,000+/- SF first‑floor live/work condominium at 106 N Aberdeen St in Chicago’s West Loop.
- Open layout with expansive south-, east-, and west‑facing light and approximately 10‑foot ceiling heights.
- Deluxe kitchen with granite countertops, large breakfast bar, Sub‑Zero appliances, and generous cabinet storage.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $230.4k | $38.40 |
| − Vacancy | −$58.8k | −$9.79 |
| EGI | $171.6k | $28.61 |
| − OpEx | −$42.9k | −$7.15 |
| NOI | $128.7k | $21.46 |
6,000 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,736 @ 7.0% cap · market cap 7.80%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,250 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,029 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
GRES, Corp. - General ...
Real Estate Agency
Quriosity Productions LLC
Corporate Office
Accomplice Media
Film Production
Pathway to Adventure Council, ...
Charitable Organization
Errund Cleaning Chicago ...
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - First-floor live-work condo with open layout, expansive light, ~10-foot ceilings, and a reception, conference room, and full kitchen.
Where is this live-work space located?
The property is located at 106 N Aberdeen St Chicago, IL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 6,000+/- SF first‑floor live/work condominium at 106 N Aberdeen St in Chicago’s West Loop.; Open layout with expansive south-, east-, and west‑facing light and approximately 10‑foot ceiling heights.; Deluxe kitchen with granite countertops, large breakfast bar, Sub‑Zero appliances, and generous cabinet storage.
