19 Sangamon StChicago, IL 60607

Property Details for 19 Sangamon St

Year built

1994

Lot size

0.17 AC

Property type

Retail space

Property subtype

Storefront properties

APN

17-08-448-008

APU

1708448008

Description

This exceptional Class A creative office building at 19 North Sangamon Street in Chicago's vibrant 60607 zip code presents a unique owner/user opportunity. Boasting 11,000 square feet of net rentable space, this two-story building offers a stunning modern design with 25-foot ceilings and skylights, creating a bright and airy atmosphere. The interior features elegant marble flooring, a high-end kitchen, multiple meeting rooms, and five private offices with abundant natural light. A recent addition of 2,000 square feet of office space encircles the building, providing a unique balcony-like area with steel detailing. Ample parking is provided with 14 spaces – five indoor and nine adjacent outdoor spaces. The property sits on a 9,711 square foot lot (84' x 116'), and benefits from DX-3 zoning. The building is conveniently located within a five-minute walk of the CTA Green Line, offering easy access to public transportation. The asking price is $4,195,000, translating to $381.36 per square foot. Occupancy is available October 1, 2023. Additional air rights of 9,711 square feet are also available. This is a truly remarkable opportunity to acquire a sophisticated and functional office space in a prime Chicago location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,562,018

  6.5%

  $3,288,016

  7%

  $3,053,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,474,854

  Geo Method

  $2,474,854

• Alternative Use

  Use

  Valuation

  Residential

  $2,773,564

  Hospitality

  $2,540,570

  Educational

  $2,113,725

  Medical

  $2,186,419

  Retail

  $3,288,016

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8823

Longitude

-87.6506

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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