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50 E 16th Street , C-1A

Chicago, IL 60616
  • $4,500,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 11270217
UPDATED: 35 min ago
$4,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2009
County:

School Ratings & Info

Description

Wow!!! Fabulous South Loop commercial occupied condo/store front for sale with long term successful tenant***The one and only "URBAN PAWS" in the space!!!*** Turn key investment opportunity where tenant pays everything (triple net lease) and new owner could just collect the rent/generate great annual income! This is very desirable Ground floor of a 176 unit luxury residential condo building - The Guild. Approximately 8,000 SF of space with 157 ft of frontage on Wabash. Amazing corner location with HIGH TRAFFIC AND VISIBLE AREA!!! Very rare opportunity to acquire a large block of ground floor commercial space in Chicago's HOT SOUTH LOOP!!! Multiple entrances would allow an investor to sub-divide the space to multiple tenants in the far future if needed! Indoor parking spaces available for purchase as well. Located in the heart of Chicago's South Loop directly on the corner of 16th and Wabash, steps to Columbia College, near retail shops, restaurants, Mariano's, Soldier Field/Field Museum, Lakefront, Fred Anderson Dog Park.Near McCormick Place Convention Center and other neighborhood amenities. Easy access to public transportation RED LINE, Roosevelt CTA AND BUSES. Easy street parking! Don't disturb the tenant with any questions-call/text listing agent for more info or private tour.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-30T09:59:28.897 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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50 E 16th Street , C-1A Chicago, IL 60616

  • Price: $4,500,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 35 min ago
  • MLS #: 11270217
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2009
Built
Neighborhood:
Chi - Near South Side
County:
Cook
Area:
Chi - Near South Side
Property Description
Wow!!! Fabulous South Loop commercial occupied condo/store front for sale with long term successful tenant***The one and only "URBAN PAWS" in the space!!!*** Turn key investment opportunity where tenant pays everything (triple net lease) and new owner could just collect the rent/generate great annual income! This is very desirable Ground floor of a 176 unit luxury residential condo building - The Guild. Approximately 8,000 SF of space with 157 ft of frontage on Wabash. Amazing corner location with HIGH TRAFFIC AND VISIBLE AREA!!! Very rare opportunity to acquire a large block of ground floor commercial space in Chicago's HOT SOUTH LOOP!!! Multiple entrances would allow an investor to sub-divide the space to multiple tenants in the far future if needed! Indoor parking spaces available for purchase as well. Located in the heart of Chicago's South Loop directly on the corner of 16th and Wabash, steps to Columbia College, near retail shops, restaurants, Mariano's, Soldier Field/Field Museum, Lakefront, Fred Anderson Dog Park.Near McCormick Place Convention Center and other neighborhood amenities. Easy access to public transportation RED LINE, Roosevelt CTA AND BUSES. Easy street parking! Don't disturb the tenant with any questions-call/text listing agent for more info or private tour.
Exterior Features

Roof Rubber Roof Structure Other

Interior Features

Cooling None Heat Ventilation Central Heat/Indiv ControlsNone Number Of TLDocks 0

Property Features

Additional Parcels YN No Building Area Total 7725 Electric Other Fire Protection Sprinklers-Wet Gross Income 235620 Gross Scheduled Income 235620 Leasable Area 0 Net Operating Income 235620 Number Of Tenants 1 Operating Expense 0 Property Offered For Sale Only Property Sub Type Neighborhood Storefront Tax Annual Amount 40000 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceOperating StopsTaxesInsuranceRepairsRoofScavengerTax StopsSewerOtherVaries By Tenant Total Monthly Income 19635 Type Retail/Stores Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Chicago Hillcrest Realty Inc.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-30T09:59:28.897 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Keller Williams Realty
2401 East Empire
Bloomington IL, 61704