This exceptional investment opportunity presents a three-story, 44,900 square foot executive office building situated on a 29,284 square foot lot at 4660 N Ravenswood Avenue in Chicago, Illinois (zip code 60640). The property, built in 1927, is zoned C3-2 and boasts six parking spaces. The building comprises four contiguous structures. Building A, a three-story building (12,980 SF ground floor, 12,804 SF second floor, and a 2,976 SF third-floor conference room with bathrooms and rooftop deck), is fully occupied by Nemera under a lease expiring July 2030 with a five-year renewal option. Building B, a 7,388 square foot single-story building, is also fully occupied by Nemera under the same lease terms. Building C, a 5,682 square foot single-story building, is occupied by Cosmedent, Inc., under a lease expiring March 31, 2027. Building D, a 3,070 square foot vacant second-floor office space, is accessible via a private entrance on Ravenswood Avenue. The property enjoys a highly desirable location directly across from the Metra UP-N station, with convenient access to the Brown Line CTA (Damen & Montrose stops) and nearby amenities including Mariano's, LA Fitness, and Starbucks. Currently, there is a 6.5% vacancy rate (3,070 SF). Financial details, including rent roll and expenses, are available upon request. The asking price for this multi-tenant property is $5,500,000. The lease type is NNN.
Highlights
6.5% vacancy (3,070 SF).
Four contiguous buildings totaling 44,900 square feet on a 29,284 square foot lot.
Building A: 3-story, 44,900 SF; Nemera lease expires July 2030 with a 5-year option.
Building B: 7,388 SF, single-story; Nemera lease expires July 2030 with a 5-year option.
Building C: 5,682 SF, single-story; Cosmedent lease expires March 31, 2027.
Building D: 3,070 SF, vacant second-floor space with private entrance.
Office property - Prime Ravenswood location, 44,900 SF office.
Where is the office property located?
The property is located at 4660 Ravenswood Ave Chicago, IL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 6.5% vacancy (3,070 SF).; Four contiguous buildings totaling 44,900 square feet on a 29,284 square foot lot.; Building A: 3-story, 44,900 SF; Nemera lease expires July 2030 with a 5-year option.
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Ravenswood Ave Chicago, IL 60640
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