Professional Office Condominium For Sale

435 W Erie Street Chicago, IL 60654

Claim this Listing
For Sale
$2,990,000

Corporate tenant in place with a guaranteed 10-year NNN lease.

Type:Commercial
Property size:
4,200 SF
Price / SF:
$711/SF
Added:
Nov 19, 2025
Days on Market:
235
Last Refresh:
Apr 5 at 8:22 pm

Property Features for 435 W Erie Street

General Information

Standard status
Active
Size
4,200 SF
Property subtype
Commercial

Building Details

Year Built
1982

Listing office @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE

Listing date Nov 19, 2025

Source Corcoran

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 @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE


Investment Insights

Based on property information with market context.

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.

Key Highlights

  • Guaranteed 10‑year NNN lease with a corporate tenant in place, providing immediate and consistent rental income.
  • Net Operating Income (NOI) of $167,091.
  • Prime location with excellent visibility and DX‑7 zoning, suitable for various business types.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Cohen Michael P Law Firm Mostardi Platt Environmental Consultant Erie Cleaners (Bike/Boat/Book/etc) Store Eckroth Planning Group Architect Arnecilla Pablo B ... Physician

Suggested Use

(Bike/Boat/Book/etc) Store Restaurant Buffet Pet Grooming Service Adult Day Care Clothing & Fashion Store Nursing Home Nursing Home Butcher (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Office units - Corporate tenant in place with a guaranteed 10-year NNN lease.
Where is this office units located?
The property is located at 435 W Erie Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Guaranteed 10‑year NNN lease with a corporate tenant in place, providing immediate and consistent rental income.; Net Operating Income (NOI) of $167,091.; Prime location with excellent visibility and DX‑7 zoning, suitable for various business types.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message