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Penthouse Lofts 1550 S Indiana Ave
102,000 SF 61% Leased Office Building Chicago, IL 60605 For Sale
Investment Highlights
- Short-term - Multifamily Conversion Project
- Built in 1880, renovated in 2002
- Zoned DX-7 + 4.5 FAR Bonus = 11.5 FAR
Executive Summary
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Dry Cleaner
- Property Manager on Site
- Security System
- Storage Space
- Atrium
- Basement
- Central Heating
- Common Parts WC Facilities
- Demised WC facilities
- High Ceilings
- Partitioned Offices
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- -
- 2,511 SF
- -
- -
- -
They are a collective of diverse clinicians ready to partner with you on this therapeutic journey. They work with a variety of emotional concerns and life goals, Ashe Counseling is especially interested in supporting individuals with an open, reflective mindset, and are motivated to live with meaning and purpose. All work is taken on with the respect, creativity, and heart that it deserves.
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- -
- 1,016 SF
- -
- -
- -
Their mission at Four Seasons Dry Cleaners & Tailoring is simple: to provide high-quality services in a timely manner. Their team caters to each project’s specific needs to ensure excellence. They hope you’ll find what you’re looking for.
-
- -
- 1,950 SF
- -
- -
- -
Le Petite Foxes is a local pediatric occupational therapist in Chicago, Illinois.
-
- -
- 2,319 SF
- -
- -
- -
Based in Chicago, Illinois, and founded by renowned industry expert Bob Habeeb, Maverick Hotels and Restaurants is regarded as one of the nation's premiere hotel and restaurant development and management companies with a strong history of creating value through best-in-class hotel operations acumen. They are a free-thinking hospitality organization that challenges the process and brings unparalleled results to their projects relying on the individual genius and talent of their highly skilled team. Maverick’s unique culture and guiding principles offer a fresh new way of working with a hotel and restaurant management company, not as a traditional “contract party” but as a partner.
- Sports & Spine
- -
- 3,930 SF
- -
- Modified Gross
- Dec 2028
-
- -
- 500 SF
- -
- -
- -
The mission of Trade Show Executive magazine is to provide news, views and tools to the managers of shows large and small, in every industry from automotive to medical to woodworking, so that show executives can turn innovative ideas into a competitive edge. They aim to help show managers stimulate growth, profits and customer satisfaction so that their show, organization and the trade show industry can prosper. The staff of Trade Show Executive magazine practices the highest code of ethics and standards in journalism and business. They are driven to support the trade show industry through our volunteer work on industry committees, boards, meetings and events as well as with financial contributions to industry foundations and associations. We do this to ensure the vitality and success of the trade show industry as a whole and the industry associations who are the lifeblood of our industry.
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- -
- 10,708 SF
- -
- -
- -
United Services Companies delivers nationwide janitorial, staffing and security services with care. They genuinely care about people, from their customers and their guests to their awesome employees. It’s no surprise that safety is their top priority for every assignment at every location. Furthermore, many of their employees bring law-enforcement and military backgrounds, which elevates the training and dedication of every team. Founded in 1965, they began by providing custodial services to local trade shows out of an office in Chicago’s old McCormick Place. At that time, trade shows were vital to marketing. They were the best way to introduce new products and find the latest trends. Trade shows also brought industry VIPs together, consequently creating demand for our high-level janitorial and maintenance services. As the trade show circuit evolved, so did United Services Companies.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
- | 2,511 SF | - | - | - | |
|
|
- | 1,016 SF | - | - | - | |
|
|
- | 1,950 SF | - | - | - | |
|
|
- | 2,319 SF | - | - | - | |
| Sports & Spine | - | 3,930 SF | - | Modified Gross | Dec 2028 | |
|
|
- | 500 SF | - | - | - | |
|
|
- | 10,708 SF | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Raw basement storage currently with high ceilings, some obstructions/posts. Could be integrated into the 1st floor entrance or other areas for the first floor and made into retail/office space.
- 1st Fl-Ste 1B
- 3,930 SF
- Office
- Partial Build-Out
- Now
- 1st Fl-Ste 1C
- 1,680 SF
- Office/Retail
- Shell Space
- Now
2,330 USF mostly open floor plan with 1 private offices, 1 conference room and a commercial grade catering kitchen. The space has 6 windows with natural light. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.38 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space.
2000 SF mostly open floor plan with a reception area, 2 private offices with 3 windows with natural southern exposure light and a kitchenette! Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space.
2,112 RBA SF of open floor plan with 2 natural light southern exposure windws. This space is raw and needs a buildout. It can be a part of a larger office space with upto 8,700 RBA SF office space with kitchen. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space.
Approx. 5,300 SF of raw space that can be used for Office, Light Industrial, Speciality Spaces, i.e. Dance Studio, Laboratory... Excellent natural light with 10 large windows with both southern and western exposure. There are 2 private offices/reception area. There is also direct access to the elevator and the bathrooms. There is a large open floor plan and the space is resistant to sound due to construction, concrete/2" timber floors/ceiling. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space.
Approx. 5,300 SF of raw space that can be used for Office, Light Industrial, Speciality Spaces, i.e. Dance Studio, Laboratory... Excellent natural light with 10 large windows with both southern and western exposure. There are 2 private offices/reception area. There is also direct access to the elevator and the bathrooms. There is a large open floor plan and the space is resistant to sound due to construction, concrete/2" timber floors/ceiling. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space.
- 3rd Floor
- 14,608 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| Basement-Ste LL | 9,540 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste 1B | 3,930 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste 1C | 1,680 SF | Office/Retail | Shell Space | Now |
| 1st Fl-Ste 1D | 2,330 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 2C | 1,483 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 2D | 2,112 SF | Office | Shell Space | Now |
| 2nd Fl-Ste 2E | 1,000 SF | Office | Shell Space | Now |
| 2nd Fl-Ste 2F | 2,705 SF | Office | Shell Space | Now |
| 3rd Floor | 14,608 SF | Office | Full Build-Out | Now |
Basement-Ste LL
| Size |
| 9,540 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 1B
| Size |
| 3,930 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 1C
| Size |
| 1,680 SF |
| Space Use |
| Office/Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste 1D
| Size |
| 2,330 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 2C
| Size |
| 1,483 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 2D
| Size |
| 2,112 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste 2E
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste 2F
| Size |
| 2,705 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
3rd Floor
| Size |
| 14,608 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
Basement-Ste LL
| Size | 9,540 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Raw basement storage currently with high ceilings, some obstructions/posts. Could be integrated into the 1st floor entrance or other areas for the first floor and made into retail/office space.
1st Fl-Ste 1D
| Size | 2,330 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2,330 USF mostly open floor plan with 1 private offices, 1 conference room and a commercial grade catering kitchen. The space has 6 windows with natural light. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.38 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space.
2nd Fl-Ste 2C
| Size | 1,483 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2000 SF mostly open floor plan with a reception area, 2 private offices with 3 windows with natural southern exposure light and a kitchenette! Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space.
2nd Fl-Ste 2D
| Size | 2,112 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
2,112 RBA SF of open floor plan with 2 natural light southern exposure windws. This space is raw and needs a buildout. It can be a part of a larger office space with upto 8,700 RBA SF office space with kitchen. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space.
2nd Fl-Ste 2E
| Size | 1,000 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Approx. 5,300 SF of raw space that can be used for Office, Light Industrial, Speciality Spaces, i.e. Dance Studio, Laboratory... Excellent natural light with 10 large windows with both southern and western exposure. There are 2 private offices/reception area. There is also direct access to the elevator and the bathrooms. There is a large open floor plan and the space is resistant to sound due to construction, concrete/2" timber floors/ceiling. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space.
2nd Fl-Ste 2F
| Size | 2,705 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Approx. 5,300 SF of raw space that can be used for Office, Light Industrial, Speciality Spaces, i.e. Dance Studio, Laboratory... Excellent natural light with 10 large windows with both southern and western exposure. There are 2 private offices/reception area. There is also direct access to the elevator and the bathrooms. There is a large open floor plan and the space is resistant to sound due to construction, concrete/2" timber floors/ceiling. Taxes and Other Expenses: In addition to the Rate in LoopNet per SF for a Space, there will be an additional cost for Taxes and Other Expenses (Which include items such as Common Area Maintenance, Insurance, Repairs, Scavenger Services, Security…). In the case of this property the costs for these pass-through charges are: $8.50 per square foot for 1550 S Indiana Ave. Therefore, please add this amount to the Rate per SF to come to a Gross Rent Amount, i.e., a Rate of $45 per SF MG with a $20 per SF cost for Taxes and Operating Expenses would equal $65 Total Rate per SF. If you need assistance making this calculation, please contact the broker to help identify the bottom-line rent per month before booking a showing of the space.
PROPERTY TAXES
| Parcel Number | 17-22-108-080-0000 | Improvements Assessment | $675,072 |
| Land Assessment | $23,556 | Total Assessment | $698,628 |
PROPERTY TAXES
Presented by
Penthouse Lofts | 1550 S Indiana Ave
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