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    OFF-MARKET
    Restaurants

    1700 Cortland Ave, Chicago, IL 60622

    44,000 SF Built 1940
    Property ID
    Property summary
    AI-generated overview

    This Cook County, Class B office building at 1700 W Cortland Street offers 44,000 square feet of space, with multiple tenancies available. Currently, 7,881 square feet are vacant, divisible into units ranging from 863 to 2,286 contiguous square feet. The building, constructed in 1940, features 10-foot ceilings and is zoned C2-2. A major renovation is planned for 2024, encompassing a new entryway and elevator lobby with updated flooring, lighting, and paint. Corridor and restroom upgrades will also be completed, including new fixtures and flooring. Exterior improvements include a redesigned entry canopy, landscaping, and facade enhancements. The property's prime location offers easy access to public transportation (Metra/CTA), numerous restaurants, and the vibrant amenities of the Wicker Park and Bucktown neighborhoods. This versatile space is ideal for businesses seeking a modern, well-located office environment in a thriving Chicago neighborhood. The building also includes 1,900 square feet of ground floor retail/showroom space.

    Property profile
    Verified
    Property type Restaurants
    Year built 1940
    Total area 44,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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