162 Franklin St Chicago, IL 60606-1833

This exceptional commercial condominium, located at 162 N. Franklin, 2nd FL, Chicago, IL 60606, presents a unique investment opportunity. The property boasts a total of 31,000 square feet situated on an 8,000 square foot lot. Currently, a tenant occupies approximately 3,676 square feet of built-out loft office space, with a lease expiring December 31, 2024. This space features three private offices, four open work areas, a reception area, a kitchenette, two internal washrooms, storage space, and a dedicated server room. The unit benefits from individual HVAC control and a sprinkler system. Hardwood flooring lies beneath the existing carpet. The building offers convenient access to both passenger and freight elevators. This prime downtown Chicago location provides ample parking within a quarter block radius. The property is being sold "AS IS." This is an excellent chance to acquire a well-located, income-producing commercial property in a thriving urban center. The substantial square footage offers significant potential for future development or continued lease income. The existing tenant occupancy provides immediate cash flow, making this an attractive investment for both seasoned and emerging commercial real estate investors.