105 Chicago Ave Chicago, IL 60654
- Mixed-use properties
- 7,500 SF
Current Use by Public Records
- Chicago Maritime Arts Center / School
- J & B Signs Inc / Sign Shop
Property Details for 105 Chicago Ave
- Property size
- 7,500 SF
- Property type
- Mixed-use properties
Description
This exceptional 7,500 square foot, three-story mixed-use building is located at 105 W Chicago Ave in Chicago's desirable River North neighborhood. The property features 1,000 square feet of ground floor retail space currently leased to a restaurant (lease expiring May 30, 2025, with options), a 1,600 square foot second-floor office suite, and a two-bedroom, two-bathroom lofted apartment on the third floor. A private roof deck with a washroom adds to the property's appeal. All floors boast well-designed layouts with abundant natural light and high-quality finishes. The basement offers additional space for office use or storage. The building includes newer mechanicals and roof, an elevator servicing the upper floors and roof, and a private garage. Its prime location offers excellent visibility on a major thoroughfare with a daily traffic count of 22,882 vehicles. Convenient access to public transportation and major expressways (I-90/I-94/I-290/I-55) further enhances its desirability. This live/work opportunity presents significant upside potential in a high-density area with strong rental income and lease options. The current annual rent is $63,669.00, with 3% annual increases. The tenant is responsible for most utilities; the landlord covers water, roof maintenance, HVAC, and limited scavenger service. This is a unique investment opportunity in a vibrant and sought-after location. The building is zoned DX-7.
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
- -87.6317
- Latitude
- 41.8965
