Overview
Professional Office Condominium For Sale
This 4,200 square foot professional office condominium is available for sale, presenting a sale-leaseback opportunity with a corporate tenant already in place under a guaranteed 10-year NNN lease. The property is located in a highly desirable, prime location with excellent visibility and DX-7 zoning. The current net operating income (NOI) is $167,091. The ground-level unit is well-maintained and currently used as a corporate office. The space is fully built out and turn-key, featuring nine executive, private office suites, cubicles for support staff, a conference room, a supply storage room, and two large, modern restrooms. It also includes a full, private kitchen/break area. The unit is fully wired with fiber optic, internet, phone, Cat 5, and music, and is handicap accessible from the interior entrance. The unit features a full sprinkler system and all-new, commercial-grade, copper plumbing throughout. The property is near public transportation, including bus, train, Metra, and CTA, and is located right off The Ohio spur downtown, providing quick access from all highways. The assessment includes water, rubbish, scavenger, maintenance, and elevator fees. Surrounding area retail businesses include East Bank Club and Erie Cafe. The property is suitable for various businesses, including office, tech, government, real estate, insurance, mortgage, financial trading, medical, dental, and retail uses.
