75 Harrison St Chicago, IL 60605
- Specialty properties
- 93,750 SF
- 2.15 lot acres
Current Use by Public Records
- Printers Square Garage / Parking Garage
- LAZ Parking / Parking Garage
Property Details for 75 Harrison St
- Lot size
- 2.15 lot acres
- Property size
- 93,750 SF
- Property type
- Specialty properties
- Property subtype
- Parking lots & garages
Description
This exceptional investment opportunity presents a 93,750-square-foot, 220-stall underground parking garage located at 75 W Harrison St in Chicago's vibrant South Loop neighborhood. The single-story facility sits beneath a mixed-use development known as Printers Square, offering convenient access to nearby residential, commercial, and entertainment venues. Its prime location on W Harrison Street ensures high traffic and accessibility. The garage benefits from minimal utility costs, as building-paid services include heating, electricity, and exhaust systems. The building also maintains elevators, access points, and handles trash removal. The garage itself maintains ticketing and payment machines, along with ingress and egress garage doors. This leasehold interest is situated on a 2.15-acre lot and operates under a 99-year lease. The surrounding area boasts significant redevelopment, transforming from industrial spaces into a thriving mixed-use neighborhood. The property's proximity to over 4,500 residential units, including 355 units directly above, and its location across the street from the US Passport Agency and Immigration Office, guarantees consistent demand. The zoning is DX-12. This is a rare opportunity to acquire a well-maintained, high-demand parking facility in a rapidly growing area of Chicago.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.63
- Latitude
- 41.8745
