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    OFF-MARKET
    Office Spaces

    942 Huron St, Chicago, IL 60642

    4,800 SF Built 1896
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fully occupied, multi-unit creative office building located at 944 W Huron St, Chicago, IL 60642. The property, a 50-foot-wide masonry and heavy timber loft building, underwent a complete gut renovation in 2007, seamlessly blending industrial charm with modern functionality. The building comprises two side-by-side duplex commercial units, each spanning three levels (ground, mezzanine, and basement), totaling 4,800 to 10,080 square feet. One unit, a 2,800 square foot office, is currently leased to an architectural firm. The second unit is a state-of-the-art commercial kitchen, leased until 2028, featuring high-end equipment including Black Iron venting, gas lines, a 16-foot walk-in cooler, and a high-efficiency air handler/exhaust system with an Ansul fire suppression system. The 2007 renovation included expansive commercial-grade grid windows, sophisticated walnut-paneled walls, skylights, and updated plumbing, all supported by a robust 600 Amp electrical service. Ceiling heights vary, reaching up to 15 feet on the main levels and 7'10" in the basement. The property includes a rear loading dock accessible from Superior Street and three dedicated parking spaces. Zoned M1-3, this property offers potential for a Special Use Permit for residential conversion or expansion. Its prime location, a block from the Blue Line and I-90/94, near Goose Island and Lincoln Yards, makes it an unparalleled investment. The asking price is $1,800,000, with a net lease and a remaining lease term of 5 years. The building was constructed in 1896 and is a single-story structure situated on a 4,896 square foot lot.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1896
    Total area 4,800 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
    Current use
    Occupant on record · Public records
    • R&A Sourdough Commissary & Kitchen (Bike/Boat/Book/etc) Store Bakery
    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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