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Multi-tenant office,retail & communications investment at residential condo building Dearborn Tower in Chicago's South Loop.Property is comprised of approx. 9700 SF 2nd floor office space,an additional two service retail spaces totaling approx 1,000 SF,communications risers & roof rights w/ leases from antenna & satellite TV providers as well as an internet license w/the Dearborn Tower condo association.Additional space utilized for commercial tenant parking in the basement of the parking garage also included. The 2nd floor office space is on a long term lease w/ Perspectives Charter Schools, one of Chicago's most prominent charter school organizations.Remaining tenants are a dry cleaner, a non-for profit group, the condo association, which leases rooftop & basement space for internet services to its residences & two communications companies providing satellite tv,internet & cell service.2019 Proforma NOI of $159,170 / 7.58% CAP rate. 16 parking spaces avail for an additional $410,000.
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Listing information last updated on April 21st, 2019 at 5:35am CDT.