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622 West Roosevelt Rd Chicago, IL 60607

For Sale
$3,000,000

Renovated South Loop building with office and retail space.

Property size:
10,632 SF

Property Features for 622 West Roosevelt Rd

General Information

Size
10,632 SF

Source: Craig A. Nadborne Agent Craig A. Nadborne

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

South Loop Renovated Retail/Office

Located in the South Loop, this three-story building at 622 W. Roosevelt offers 10,632 square feet of office and retail space. The property is situated near the University of Illinois Chicago and is surrounded by a variety of national, regional, and local retailers. It provides convenient access to the I-90 expressway and is well-connected to public transportation. The building has undergone a complete renovation, including a new elevator and roof, upgraded HVAC systems, widened stairwells, high ceilings, new in-suite bathrooms, a new elevator lobby, and new interior and exterior doors. The property is 52.75% occupied with a long-term lease in place with an excellent credit tenant. On-site parking is available behind the building. The property is located in a DS-3 Downtown Service District enterprise zone, and there is no transfer tax upon sale. The property is located 100 feet from the Dan Ryan Expressway (I-90/94). The first floor and lower level have been leased to a national dispensary. The property is situated on 0.13 acres.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6431291
Latitude
41.8674959

FAQs

What type of property is this?
Retail space - Renovated South Loop building with office and retail space.
Where is this retail space located?
The property is located at 622 West Roosevelt Rd Chicago, IL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: - Long-term lease in place with an excellent credit tenant, providing immediate and stable income (52.75% occupied).; - Complete renovation with new elevator, roof, upgraded HVAC, and other significant improvements.; - Prime South Loop location with high visibility and easy access to I-90 and public transportation.
More about this property
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