For Sale
Call for price

1907 Mendell StChicago, IL 60642

58,000 SF Loft Office, Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
121
This exceptional 58,000 square foot loft office building presents a compelling investment or development opportunity in Chicago's desirable Bucktown/Lincoln Park neighborhood. Located at 1907 North Mendell Street (APN 14-32-115-010), this multi-tenant property boasts a substantial 19,041 square foot lot and is zoned M3-3. Currently vacant, the building features 13-foot ceilings, 15' x 16' columns, two freight elevators, and a dry sprinkler system. The building's existing leases with two cellular antenna users generate a gross rental income of $63,900. Lease expirations are March 31, 2026, and December 4, 2027, with automatic extension options. This prime location offers excellent access to major transportation routes and amenities. The property's substantial size and unique features make it ideal for a variety of uses, presenting a rare opportunity for significant return on investment. The property is situated in Ward 32, Alderman Scott Waguespack. Price is subject to offer.

Highlights

  • Gross annual rental income: $63,900.
  • Leases expire 3/31/2026 and 12/4/2027, with automatic extension options.
  • Two cellular antenna users currently lease the space.
  • Features two freight elevators.
  • 13' ceilings.
  • 15' x 16' columns.

Property Details for 1907 Mendell St

Property type
Office properties
Square Feet
58,000 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9172668
Longitude
-87.6651695
1907 Mendell St, Chicago, Illinois

FAQs

What type of property is this?
Office property - 58,000 SF Loft Office, Investment Opportunity
Where is the office property located?
The property is located at 1907 Mendell St Chicago, IL.
What are key features of this property?
This property features: Gross annual rental income: $63,900.; Leases expire 3/31/2026 and 12/4/2027, with automatic extension options.; Two cellular antenna users currently lease the space.
How can I contact the broker?
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1907 Mendell St
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