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This Multifamily Property is no longer advertised on LoopNet.com.

50 E 16th St
Chicago, IL 60616

The Guild-Commercial Store Front For Sale · Multifamily Property For Sale · 2 Units

Investment Highlights

  • Approximately 8,000 SF of space with 157 ft of frontage on Wabash.

Executive Summary

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 or opportunity to open YOUR BUSINESS!!!*** Turn key investment opportunity where tenant pays everything (triple net lease) and new owner could just collect the rent/generate great annual income! Since one of the owners of the property is owner the business "URBAN PAWS" they can relocate and you could have a PRIME LOCATION FOR YOUR BUSINESS so this is just the option if you need the space for your use!!!! 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.

PROPERTY FACTS

No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class A
Lot Size 0.72 AC
Building Size 379,132 SF
Average Occupancy 100%
No. Stories 13
Year Built 2008
No. Drive In / Grade-Level Doors 2
APN / Parcel ID 17-22-107-024-0000

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Freezer
  • Island Kitchen
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Courtyard
  • Fitness Center
  • Doorman
  • Gas Range
  • On-Site Retail
  • Elevator

zoning

Zoning Code DX-7 (Downtown Mixed-Use District)
DX-7 (Downtown Mixed-Use District)
  • Listing ID: 24490249

  • Date on Market: 11/15/2021

  • Last Updated:

  • Address: 50 E 16th St, Chicago, IL 60616

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