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Property profile & analytics
FOR SALE
Office buildings

2305 Chicago Ave Riverside, CA 92507

7,345 SF 0.52 ac lot Built 1987
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-1929876
Property summary
AI-generated overview

This exceptional commercial property, located at 2305 Chicago Avenue in Riverside, California (zip code 92507), presents a unique investment opportunity. Situated on the corner of Spruce Street and Chicago Avenue, this single-story building offers unparalleled visibility and curb appeal. The 7,345 square foot space features a remodeled interior with open office space, divided by half-walls, and currently configured with 12 desks. The layout includes 18 individual offices, two kitchens (without gas or dishwashers), and three ADA-compliant bathrooms. A large conference room provides ample space for meetings and presentations. Secure parking is a significant advantage, with 27 spaces, including two handicapped-accessible spots, all accessed via an automatic gate with remote and keypad entry. The property is zoned BMP, offering flexibility for a variety of commercial uses. This high-visibility location, combined with the substantial square footage and ample parking, makes this property an ideal investment for businesses seeking a prominent Riverside presence. The property is priced at $1,850,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction TILT-UP CONCRETE
Total area 7,345 SF
Lot 0.52 ac (22,651 SF)
Zoning code R106
APN 210-140-008
UPID US10-1929876
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
  • TKE Engineering Inc Engineering Consultant Civil Engineering Company
  • Renner Terry Civil Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.24M
Owner & transaction history
Michael P Thornton · 17 yrs held
Michael P Thornton
since 2008
7 recorded transactions
2008
Price N/A
2008
$1.2M
2000
$575,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R106 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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