942 Huron St Chicago, IL 60642

Property Details for 942 Huron St

Year built

1896

Property size

4,800 SF

Property type

Office Properties & Spaces

Property subtype

Office space

Description

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.