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415 W Huron St
21,400 SF 98% Leased Office Building Chicago, IL 60654 $4,800,000 ($224/SF)
Investment Highlights
- Multi-tenant professional office building.
- Secure entrance with tenant signage on the exterior of the building.
- The property is occupied with stable and diverse tenants with a focus on personal wellness.
- Heavy timber loft building on a tree-lined street with exposed brick and natural light throughout.
- All floors have access to two private bathrooms, a communal kitchenette, penthouse gym, roof deck, and an overhead door for loading from the alley.
- Located in the vibrant and trendy River North Gallery District.
Executive Summary
professional building with twenty-six (26)
units throughout the five floors + lower level
and 19,270± square feet of leased space in
21,400± square feet of gross leasable space on
a 0.11-acre parcel with favorable DX-5 zoning.
The property is located in the vibrant and
trendy River North Gallery District, surrounded by new construction, classic Chicago
architecture and close proximity to highways
(90/94/294/LSD).
The parcel is a well-maintained, desirable heavy
timber loft building on a tree-lined street with
exposed brick and natural light throughout.
Secure entrance with tenant signage on the exterior of the building. Each floor has an
elevator and front staircase for easy access to
all floors.
All floors have access to two private bathrooms, a communal kitchenette, a penthouse
gym, a roof deck, an overhead door for
loading from the alley, and a new elevator.
River North, known for art and entertainment, is one of the City’s premier locations to live, work and play.
Poised for an owner/occupant to access to a highly educated workforce, open floor plans and proximity to transportation.
Adaptive re-use opportunity with DX-5 zoning (Downtown Mixed-Use) allows for 70,000 square feet and potential for up to 113,000 square feet.
Opportunity to combine energy efficient improvements with C-PACE financing for enhanced returns.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$551,000
|
$25.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$551,000
|
$25.75
|
| Taxes |
$184,000
|
$8.60
|
| Operating Expenses |
$264,300
|
$12.35
|
| Total Expenses |
$448,300
|
$20.95
|
| Net Operating Income |
$102,700
|
$4.80
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $551,000 |
| Annual Per SF | $25.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $551,000 |
| Annual Per SF | $25.75 |
| Taxes | |
|---|---|
| Annual | $184,000 |
| Annual Per SF | $8.60 |
| Operating Expenses | |
|---|---|
| Annual | $264,300 |
| Annual Per SF | $12.35 |
| Total Expenses | |
|---|---|
| Annual | $448,300 |
| Annual Per SF | $20.95 |
| Net Operating Income | |
|---|---|
| Annual | $102,700 |
| Annual Per SF | $4.80 |
Property Facts
Amenities
- Commuter Rail
- Property Manager on Site
- Signage
- Accent Lighting
- Basement
- Central Heating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
FITNESS/BEAUTY/RETAIL / #2A SPACE AVAILABLE AT THIS NEWLY RENOVATED COMMERCIAL BUILDING IN RIVER NORTH. (No automotive tenants) Approximately 400 sq ft. $900 a month plus utilities Located on the 2nd floor TIMBER POST, EXPOSED BRICK, HARDWOOD FLOORS. UNBEATABLE LOCATION IN THE HEART OF RIVER NORTH. Frontage to Huron Street with an abundance of natural light. Modern building with 2 private bathrooms on each floor. Large loading dock in the rear of the space Additional storage is included with the space A surveillance system in the building that tenants can have full access to. Full gym in the building (additional charge). Intercom system for easy access, including fob options. The property was completely renovated in 2018-2019, including new electrical and plumbing, HVAC, elevator, and all interiors. do NOT contact me with unsolicited services or offers Parking - paid parking is available in the lots in the area. Additional Charges for utilities, & CAMs " that there are additional cam charges depending on usage" - Heat - Wifi / Internet, - Surveillance System (No automotive tenants)
100 SQFT — $350/mo Don't miss out on this incredible office space in the heart of River North! Located at 415 Huron St, Chicago, IL 60654, this approximately 500 sq ft office is situated on the 3rd floor of a modern building with stunning timber posts, exposed brick, and hardwood floors. With frontage to Huron Street, this office boasts an abundance of natural light that floods the space, creating an inviting and productive environment for you and your team. The building features two private bathrooms on each floor, as well as a large loading dock in the rear of the space for your convenience. In addition to the office space, you will also have access to additional storage, a surveillance system in the building that tenants can fully utilize, and a full gym (for an additional charge). The building also features an intercom system for easy access, including fob options. The property was fully renovated in 2018-2019, including new electrical and plumbing, HVAC, elevator, and all interiors, ensuring that this space is modern, efficient, and functional for your business needs. Utilities and CAMs are additional charges and paid parking is available in the lots in the area. Don't wait, secure your office space today and experience the unbeatable location and amenities that this property has to offer!
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 2A | 400 SF | Office | - | Now |
| 3rd Fl-Ste 3d | 100 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 2A
| Size |
| 400 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 3d
| Size |
| 100 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 2A
| Size | 400 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
FITNESS/BEAUTY/RETAIL / #2A SPACE AVAILABLE AT THIS NEWLY RENOVATED COMMERCIAL BUILDING IN RIVER NORTH. (No automotive tenants) Approximately 400 sq ft. $900 a month plus utilities Located on the 2nd floor TIMBER POST, EXPOSED BRICK, HARDWOOD FLOORS. UNBEATABLE LOCATION IN THE HEART OF RIVER NORTH. Frontage to Huron Street with an abundance of natural light. Modern building with 2 private bathrooms on each floor. Large loading dock in the rear of the space Additional storage is included with the space A surveillance system in the building that tenants can have full access to. Full gym in the building (additional charge). Intercom system for easy access, including fob options. The property was completely renovated in 2018-2019, including new electrical and plumbing, HVAC, elevator, and all interiors. do NOT contact me with unsolicited services or offers Parking - paid parking is available in the lots in the area. Additional Charges for utilities, & CAMs " that there are additional cam charges depending on usage" - Heat - Wifi / Internet, - Surveillance System (No automotive tenants)
3rd Fl-Ste 3d
| Size | 100 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
100 SQFT — $350/mo Don't miss out on this incredible office space in the heart of River North! Located at 415 Huron St, Chicago, IL 60654, this approximately 500 sq ft office is situated on the 3rd floor of a modern building with stunning timber posts, exposed brick, and hardwood floors. With frontage to Huron Street, this office boasts an abundance of natural light that floods the space, creating an inviting and productive environment for you and your team. The building features two private bathrooms on each floor, as well as a large loading dock in the rear of the space for your convenience. In addition to the office space, you will also have access to additional storage, a surveillance system in the building that tenants can fully utilize, and a full gym (for an additional charge). The building also features an intercom system for easy access, including fob options. The property was fully renovated in 2018-2019, including new electrical and plumbing, HVAC, elevator, and all interiors, ensuring that this space is modern, efficient, and functional for your business needs. Utilities and CAMs are additional charges and paid parking is available in the lots in the area. Don't wait, secure your office space today and experience the unbeatable location and amenities that this property has to offer!
PROPERTY TAXES
| Parcel Number | 17-09-124-008-0000 | Total Assessment | $1,003,571 (2023) |
| Land Assessment | $240,000 (2023) | Annual Taxes | $184,000 ($8.60/SF) |
| Improvements Assessment | $763,571 (2023) | Tax Year | 2022 |
PROPERTY TAXES
-
Kristin Bird - 26994597
Presented by
26994597
415 W Huron St
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