105 Chicago AveChicago, IL 60654

For Sale
Call for price

7,500 SF, 3-Story, High-Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 7,500 square foot, three-story mixed-use building is located at 105 W Chicago Ave in Chicago's desirable River North neighborhood. The property features 1,000 square feet of ground floor retail space currently leased to a restaurant (lease expiring May 30, 2025, with options), a 1,600 square foot second-floor office suite, and a two-bedroom, two-bathroom lofted apartment on the third floor. A private roof deck with a washroom adds to the property's appeal. All floors boast well-designed layouts with abundant natural light and high-quality finishes. The basement offers additional space for office use or storage. The building includes newer mechanicals and roof, an elevator servicing the upper floors and roof, and a private garage. Its prime location offers excellent visibility on a major thoroughfare with a daily traffic count of 22,882 vehicles. Convenient access to public transportation and major expressways (I-90/I-94/I-290/I-55) further enhances its desirability. This live/work opportunity presents significant upside potential in a high-density area with strong rental income and lease options. The current annual rent is $63,669.00, with 3% annual increases. The tenant is responsible for most utilities; the landlord covers water, roof maintenance, HVAC, and limited scavenger service. This is a unique investment opportunity in a vibrant and sought-after location. The building is zoned DX-7.

Highlights

  • 7,500 SF three-story mixed-use building in Chicago, IL.
  • 1,000 SF ground floor retail space currently leased to a restaurant.
  • 1,600 SF second floor office space.
  • Two-bedroom, two-bathroom lofted apartment.
  • Private roof deck with washroom; existing restaurant income and signage lease potential.
  • All floors feature well-designed layouts, abundant natural light, and high-quality finishes.

Property Details for 105 Chicago Ave

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
7,500 SF
Buildings
1
Stories
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8964621
Longitude
-87.6316624
105 Chicago Ave, Chicago, Illinois

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105 Chicago Ave
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