Outstanding exposure/location. This currently rented fully finished retail/office space is at stoplight intersection of Montrose and Clark. This Newer rehab-architecturally designed w/ barn wood/exposed brick, 10ft ceilings, LED Cam dimming lights throughout. New electric, plumbing, kitchen w/SS appliances, ADA bathroom & tuck-pointing. Everything up to code. Great size conference room w/ 2 offices. Current tenants have extended their lease until January 14,2024. They've been strong tenants and are great neighbors! The real estate taxes are based on a Cook County valuation of $760,000. This property could be a great candidate for a repeal and significant reduction. List price is approx. 31% of that evaluation. Potential reduction could push Cap rate close to 10%. Strong long term tenant makes this an easy investment.
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Listing information last updated on June 4th, 2020 at 8:06pm CDT.