Fully Rented Net Leased Investment Property With High Profile Tenant Paying $22,927.41 Per Month T-Net Plus 100% Of All Expenses. Listed At A 6.12% Cap Rate, 8 Years Left On The 10 Year Lease With 5% Increases Per Year, 2-5 Year Options To Renew With 5% Increases Per Year. Two Story 8,000 Sq.Ft. Loft Building, 4,000 Sq.Ft. Per Floor. The Building and Lot Dimensions Are 40' X 100'. With "Bow Truss" R00f. The Second Floor Has 40' X 100' Of Clear Span. 1St Floor Has Fully Built Out Recording Studio, Lounge and Full Kitchen, Rear Drive-In-Door With 1 Car Garage. Loft Style Building With Interior Exposed Brick and Beam and Brick Exterior. Great West Loop Location East Of Ashland and Steps From The Ashland and Lake "El Stop". Excellent Investment Property in A Hot Area.


Property Type: Other Business Opportunity
Year Built: 1928
Tax Year: 2017
Listing ID: KGNNCR
MLS ID: 09937658
Style: Other Style
Building Size: 8,000 SF
Lot Size: 0.08 AC
Area Description

Region: CHI - Near West Side

Property Features
Cooling: Central A/C
Heating Type: Forced Air
Area Demographics