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    OFF-MARKET
    Office Spaces

    3932 Madison St, Chicago, IL 60624

    14,000 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 14,000-square-foot Class B office building, located at 3932 W Madison St in Chicago's West Garfield Park community (zip code 60624), presents a compelling investment opportunity. The property, situated on approximately 34,000 square feet of land, features two units, offering flexibility for various occupancy needs. Completely renovated in 2007, the interior boasts a contemporary design, ideal for office or mixed-use purposes. Ample parking is available, ensuring convenient access for tenants and visitors. The meticulously maintained exterior and common areas provide high visibility and accessibility. Its prime location offers proximity to public transportation and numerous amenities, contributing to strong potential for rental income growth. The B3-2 zoning allows for a diverse range of uses, enhancing its investment appeal. The asking price is $625,000, translating to $44.64 per square foot. This property represents a lucrative opportunity for investors seeking a high-return asset in a desirable Chicago location. The building's modern appeal, coupled with its convenient location and flexible layout, makes it an attractive option for a variety of businesses. The well-maintained condition and ample parking further enhance its desirability. This is a rare opportunity to acquire a well-positioned office building in a thriving Chicago neighborhood.

    Property profile
    Verified
    Property type Office Spaces
    Total area 14,000 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
    Current use
    Occupant on record · Public records
    • Sinai Community Institute - WIC Community Center
    • WIC Grocery Grocery & Convenience Store Food Market
    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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