434 W Ontario St
24,810 SF 100% Leased Office Building Chicago, IL 60654 $3,299,000 ($133/SF)
INVESTMENT HIGHLIGHTS
- 4 story wood loft building, River North location
EXECUTIVE SUMMARY
Four-story, River North, heavy timber loft building. Several long term tenants, a vacant ready to use 6,500 sf restaurant, the entire 4th floor is a former architect's office that can be spectacular space for an owner occupant or tenant, or it can potentially be an owners residence. DX-7 zoning provides a rare development opportunity. With approval - The building can have an additional two (2) stories added on top which increases the cash flow, or, can be an incredible owner's unit. Current tenants include , a dental office, a general office and a Chiropractor.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
24,810 SF
Building Class
B
Year Built/Renovated
1920/1996
Price
$3,299,000
Price Per SF
$133
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,792 SF
Slab To Slab
12’
Building FAR
5.18
Lot Size
0.11 AC
Zoning
DX-7, Chicago - Downtown Mixed-Use
AMENITIES
- Property Manager on Site
- Restaurant
- Security System
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 4th Floor | 2,500-4,937 SF | Office | Full Build-Out | 30 Days |
4th Floor
| Size |
| 2,500-4,937 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1 of 2
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (95)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 17-09-127-019-0000 | Improvements Assessment | $308,000 |
| Land Assessment | $300,000 | Total Assessment | $608,000 |
