Roosevelt Office Lofts and Retail Shops 622-632 W Roosevelt Rd
19,560 SF Vacant Retail Building Chicago, IL 60607 For Sale
INVESTMENT HIGHLIGHTS
- Located in South Loop, surrounded by diverse retailers, and with easy access to I-90 and public transportation
- 622 W. Roosevelt has undergone a complete renovation
- Located in DS-3 Downtown Service District enterprise zone, no transfer tax upon sale
- 622 W. Roosevelt 1st Floor and LL has been leased to a national dispensary
- On-site parking behind building
- 100’ from Dan Ryan Expressway (I-90/94)
EXECUTIVE SUMMARY
SUBJECT TO OFFER - 17,232 RSF of office and retail space located in South Loop, surrounded by diverse retailers, and with easy access to I-90 and public transportation. 622 and 632 W. Roosevelt can be purchased together or separately. Value add opportunity for investors or owner-occupiers.
622 W Roosevelt: 10,632 RSF - 52.75% leased (1st floor and lower floor leased to a national dispensary)
The building has undergone a complete renovation, which includes:
• New elevator
• Upgraded HVAC systems
• Widened stairwells
• High ceilings
• New in-suite bathrooms
• New elevator lobby
• New interior and exterior doors
• Acreage: .13 acres
• Built in 1904
• On-site parking behind building
• Located in DS-3 Downtown Service District enterprise zone, no transfer tax upon sale
• Real Estate Tax Parcels: 17-16-331-030-0000
632 W. Roosevelt: 6,600 RSF
Perfect ground-floor space for retail or service-oriented businesses looking for a vibrant urban location.
100’ from Dan Ryan Expressway (I-90/94)
• 70’ of frontage on Roosevelt Road and
94’ on Des Plaines Street
• Acreage: .19 acres
• 32,000+ vehicles per day on Roosevelt Road
• Built in 1964
• Windows replaced in 2022
• On-site parking behind building
• Located in DS-3 Downtown Service District enterprise zone
• No transfer tax upon sale
• Real Estate Tax Parcels: 17-16-331-029-0000
622 W Roosevelt: 10,632 RSF - 52.75% leased (1st floor and lower floor leased to a national dispensary)
The building has undergone a complete renovation, which includes:
• New elevator
• Upgraded HVAC systems
• Widened stairwells
• High ceilings
• New in-suite bathrooms
• New elevator lobby
• New interior and exterior doors
• Acreage: .13 acres
• Built in 1904
• On-site parking behind building
• Located in DS-3 Downtown Service District enterprise zone, no transfer tax upon sale
• Real Estate Tax Parcels: 17-16-331-030-0000
632 W. Roosevelt: 6,600 RSF
Perfect ground-floor space for retail or service-oriented businesses looking for a vibrant urban location.
100’ from Dan Ryan Expressway (I-90/94)
• 70’ of frontage on Roosevelt Road and
94’ on Des Plaines Street
• Acreage: .19 acres
• 32,000+ vehicles per day on Roosevelt Road
• Built in 1964
• Windows replaced in 2022
• On-site parking behind building
• Located in DS-3 Downtown Service District enterprise zone
• No transfer tax upon sale
• Real Estate Tax Parcels: 17-16-331-029-0000
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
19,560 SF
Building Class
B
Year Built
1904
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.38
Lot Size
0.33 AC
Zoning
DS-3 - DS-3 Downtown Service District, Rail yards, warehouses, and small businesses on downtown's periphery.
Parking
5 Spaces (0.26 Spaces per 1,000 SF Leased)
Frontage
54’ on W Roosevelt Rd
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
• 2,332 RSF • High ceilings and new in-suite bathrooms • Great natural light, from south and north windows. • Space ready for tenant buildout • Virtual Tour: https://my.matterport.com/show/?m=rVZQZ1Kyekk
• 2,692 RSF • Top floor unit with high ceilings and new in-suite bathrooms • Great natural light, from south and north windows. • Space ready for tenant buildout • New elevator, upgraded HVAC systems, widened stairwells • Virtual Tour: https://my.matterport.com/show/?m=STdmZWCrJKK
| Space | Size | Space Use | Position | Available |
| 200 | 2,332 SF | Office/Retail | - | Now |
| 300 | 2,692 SF | Office/Retail | - | Now |
200
| Size |
| 2,332 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
300
| Size |
| 2,692 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (84)
Bike Score®
Biker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $269,107 | |
| Land Assessment | $142,150 | Total Assessment | $411,257 |
