1525 W Homer St
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1525 W Homer St
25,000 SF 80% Leased Office Building Chicago, IL 60642 For Sale
Executive Summary
CBRE, as an exclusive agent, is pleased to present the opportunity to acquire 1525 West Homer Street (“the Property”), a 25,000 SF flex/loft office building in the coveted Lincoln Park / Bucktown area.
While cash flowing with two full floors of value add, the Property is 76.9% occupied with affordable rents, making it easy to keep and attract tenants. Positioned close to the highly anticipated Lincoln Yards Development, there are 11 parking spaces adjacent to the Property, plus ample street parking.
Situated in a growing area with increasing demand for flexible office solutions, this Property also presents a unique opportunity for an owner/user investor to secure an asset in a thriving market. In a great location for commuters of all types, the Property sits near key intersections of Elston Avenue, Armitage Avenue, Ashland Avenue, the Clybourn Metra Station, and the I-90 Expressway.
While cash flowing with two full floors of value add, the Property is 76.9% occupied with affordable rents, making it easy to keep and attract tenants. Positioned close to the highly anticipated Lincoln Yards Development, there are 11 parking spaces adjacent to the Property, plus ample street parking.
Situated in a growing area with increasing demand for flexible office solutions, this Property also presents a unique opportunity for an owner/user investor to secure an asset in a thriving market. In a great location for commuters of all types, the Property sits near key intersections of Elston Avenue, Armitage Avenue, Ashland Avenue, the Clybourn Metra Station, and the I-90 Expressway.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
25,000 SF
Building Class
B
Year Built/Renovated
1900/2014
Percent Leased
80%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
8,500 SF
Slab To Slab
15’
Building FAR
2.30
Lot Size
0.25 AC
Zoning
PMD2, Chicago
Parking
45 Spaces (0.44 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Top full floor with lots of windows. Would make a great therapy or counseling practice or office.
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 300 | 1,800-4,972 SF | Office | - | Now |
| 4th Fl-Ste 400 | 4,900 SF | Office | - | 60 Days |
3rd Fl-Ste 300
| Size |
| 1,800-4,972 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 4,900 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 60 Days |
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3rd Fl-Ste 300
| Size | 1,800-4,972 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
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4th Fl-Ste 400
| Size | 4,900 SF |
| Space Use | Office |
| Condition | - |
| Available | 60 Days |
Top full floor with lots of windows. Would make a great therapy or counseling practice or office.
Walk Score ®
Very Walkable (86)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 14-32-119-012-0000 | Improvements Assessment | $573,413 |
| Land Assessment | $81,375 | Total Assessment | $654,788 |
PROPERTY TAXES
Parcel Number
14-32-119-012-0000
Land Assessment
$81,375
Improvements Assessment
$573,413
Total Assessment
$654,788
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1525 W Homer St
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