1525 Homer StChicago, IL 60642

For Sale
Call for price

25,000 SF Flex/Loft Office, 77% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 25,000-square-foot office building, located at 1525 W Homer St in Chicago's desirable Lincoln Park/Bucktown neighborhood, presents a compelling value-add investment opportunity. The four-story, Class B building, constructed in 1900 and renovated in 2014, boasts a flexible floor plan ideal for creative or traditional office uses. Currently 77% occupied, the property offers affordable rents and significant upside potential. With a typical floor size of 5,564 square feet, it's well-suited for leasing to a variety of tenants. The property sits on a 10,890-square-foot lot and includes 11 adjacent parking spaces, supplemented by ample street parking. Its prime location offers unparalleled accessibility, within two blocks of I-90, the Clybourn Metra Station, and The 606 Trail, ensuring convenient commutes for employees via car, public transportation, or bike. The building's proximity to the Lincoln Yards Development further enhances its long-term value. This is a rare chance to own real estate in a thriving area, with the potential for both rental income and owner-occupancy. The permitted zoning is PMD2. This property is an ideal investment for those seeking a stable, cash-flowing asset with significant growth potential in a highly sought-after Chicago location.

Highlights

  • Excellent I-90, Metra, and 606 Trail access.
  • 77% occupied, offering immediate income and upside potential.
  • Owner-user opportunity with significant rental income potential.
  • 5,564 SF floor plates, ideal for leasing in today's market.
  • Rare Chicago Riverfront location.
  • Prime location between affluent Chicago neighborhoods.

Property Details for 1525 Homer St

Property type
Other office properties, Office space
Square Feet
25,000 SF
Class
B
Year Built/Renovated
1900/2014
Buildings
1
Stories
4

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9174311
Longitude
-87.6661399
1525 Homer St, Chicago, Illinois

FAQs

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1525 Homer St
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