3029 E 91, Chicago, IL

Office for Sale - $259,900 - 5,000 Sq. Ft. on 0.16 acres


Agent Info

Naketa Washington

Property Info

CIMLS#1064385
Location
  3029 E 91
  Chicago IL 60617
UpdatedJune 29th, 2020
TypeOffice
Price$259,900
Building5,000 Sq. Ft.
Land0.16 acres

Contact


Property Description

This building has great curb appeal with over 5000 sq ft of usable space and loads of potential. It can be used as a income producing private or shared office space or you can break up the 5000 sq ft as you see fit. Or just rent out the entire 5000 sq ft. This free standing building is zoned residential and commercial. You could have retail in this building or even turn it into rental units. You can be as creative as you want. High traffic counts, close to public transportation, good walk/transit score, close to Commercial avenue, which is full of businesses, professional offices, retail stores and much more. This all brick free standing building is for lease and for sale. Based on the average rental price per sq ft of about $12, the PGI is $60,000 annually, with about 5% Operating expense with a single tenant triple net lease. That expense would come from hiring part-time management if needed. NOI income has the potential to be over $50,000 annually.


Financials

Based on the average rental price per sq ft of about $12, the PGI is $60,000 annually, with about 5% Operating expense with a single tenant triple net lease. That expense would come from hiring part-time management if needed. NOI income has the potential to be well over $50,000 annually.



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