100% Leased Office Property | 7000 W North Ave
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100% Leased Office Property 7000 W North Ave
14,005 SF 100% Leased Office Building Chicago, IL 60707 $1,350,000 ($96/SF)
Investment Highlights
- 14,005 SF office building with 19 fully leased units | 100% occupancy, delivering immediate returns
- Versatile parking options: covered, surface, and street
- Upside opportunity in building to increase value
- Renovated in 2023 with new HVAC units and roof | Solar Roof Panels to be contracted by ownership
- Additional lot included for potential expansion or parking
- Proximity to former Sears site redevelopment
Executive Summary
Introducing an exceptional investment opportunity in the heart of Chicago, this impressive 14,005 SF office building offers 19 fully leased units, plus 6 6-car masonry garage delivering immediate returns to discerning investors. Renovated in 2023, the property showcases owner-funded enhancements including new HVAC units, a modernized roof, and updated signage, ensuring optimal tenant comfort and satisfaction. Boasting versatile parking options with covered, surface, and street parking, as well as an additional lot for potential expansion, this property provides flexibility and future growth potential. Strategically situated just half a block from the intersection of North and Harlem Ave, and near major healthcare centers, including Rush Outpatient Facility, Rush Oak Park and West Suburban hospitals, this property represents a compelling opportunity for a lucrative investment in the thriving Chicago market.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,005 SF
Building Class
B
Year Built/Renovated
1980/2023
Price
$1,350,000
Price Per SF
$96
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,668 SF
Slab To Slab
10’
Building FAR
1.15
Lot Size
0.28 AC
Zoning
Commercial
Parking
12 Spaces (0.86 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Bus Line
- Controlled Access
- Security System
- Skylights
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $356,562 | |
Land Assessment | $69,726 | Total Assessment | $426,288 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$69,726
Improvements Assessment
$356,562
Total Assessment
$426,288
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100% Leased Office Property | 7000 W North Ave
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