942 Huron StChicago, IL 60642

For Sale
$1,800,000

Turnkey multi-unit loft building, fully occupied.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully occupied, multi-unit creative office building located at 944 W Huron St, Chicago, IL 60642. The property, a 50-foot-wide masonry and heavy timber loft building, underwent a complete gut renovation in 2007, seamlessly blending industrial charm with modern functionality. The building comprises two side-by-side duplex commercial units, each spanning three levels (ground, mezzanine, and basement), totaling 4,800 to 10,080 square feet. One unit, a 2,800 square foot office, is currently leased to an architectural firm. The second unit is a state-of-the-art commercial kitchen, leased until 2028, featuring high-end equipment including Black Iron venting, gas lines, a 16-foot walk-in cooler, and a high-efficiency air handler/exhaust system with an Ansul fire suppression system. The 2007 renovation included expansive commercial-grade grid windows, sophisticated walnut-paneled walls, skylights, and updated plumbing, all supported by a robust 600 Amp electrical service. Ceiling heights vary, reaching up to 15 feet on the main levels and 7'10" in the basement. The property includes a rear loading dock accessible from Superior Street and three dedicated parking spaces. Zoned M1-3, this property offers potential for a Special Use Permit for residential conversion or expansion. Its prime location, a block from the Blue Line and I-90/94, near Goose Island and Lincoln Yards, makes it an unparalleled investment. The asking price is $1,800,000, with a net lease and a remaining lease term of 5 years. The building was constructed in 1896 and is a single-story structure situated on a 4,896 square foot lot.

Highlights

  • $1,800,000 asking price for a multi-tenant creative office building.
  • 4,800 - 10,080 square feet, with two units.
  • 100% occupancy, with a 5-year remaining lease term on a net lease.
  • Gut-renovated in 2007, featuring industrial charm and modern functionality.
  • Located in Chicago, IL at 942 W Huron St, with three parking spaces.

Property Details for 942 Huron St

Property type
Other office properties, Office space
Square Feet
4,800 SF
Year Built
1896
Stories
1
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.89504523231
Longitude
-87.65171729206
942 Huron St, Chicago, Illinois

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942 Huron St
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