Description
Investor opportunity in Hyde Park Municipality. A great opportunity with a 7 cap rate. Owner Retiring. Fully leased out with 2 tenants though the building design has 9 door cutouts for smaller suites if needed in the future. Total sf is 9125 and the lot is 13,981sf. This building was rebuilt in 2004 and was given a rating of "excellent condition" by a 3rd party valuation. Steel framing with masonry and brick. Has a Basement for storage. Recent updates include a new Roof and a $250,000 build out in anchor tenant suite. That tenant has a lease in place through 2032 and smaller space tenant through 8/24. Lessees are paying property taxes as well as NNN all utilities. 63rd & S St Lawrence is near the University of Chicago, Expressway, Lake Front and the Greenline. More photos coming soon
Location
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