Contacts
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Imperial Realty
Imperial Realty
Property Details
- Property Type Multi-Family
- Property Size 45,000 SF
- Lot Size 0.17 Acre
- Additional Rent Contact for pricing
- # of Floors 6
- Average Floor Size 7,500 SF
- Year Built 1920
- Year Renovated 2017
- Date Updated Mar 31, 2023
The property is located in Edgewater, one of the densest communities in Chicago and home to high-rise apartment buildings, condominium complexes, and mid-rise homes along the lakefront. It’s within walking distance to the Loyola “L” and Thorndale “L” Stops and just south of Sheridan Road which feeds into Lakeshore Drive allowing access into greater Chicago. Edgewater also benefits from being adjacent to Loyola University’s Lake Shore Campus. This campus is an over 30-acre area comprised of more than 40 university buildings, student housing, over 17,000 students, and more than 2,000 faculty and staff. The building was most recently used as a retail furniture store and storage. It was renovated in 2017 with a new façade. The 1st floor has 14 ft. ceiling height, 10 ft. in the upper floors, and 9 ft. clear in the basement which if a parking ramp can be added could provide on-site parking for the building. The property currently has 2 cell phone tower leases with Sprint & T-Mobile. With T-Mobile’s acquisition of Sprint, T-Mobile has elected to give notice to terminate the Sprint lease as of 11/30/2022. The T-Mobile lease expires 6/12/2023 with 1-5 yr. option remaining. The current monthly rent for the Sprint lease is $2,855 per month and the annual rent for the T-Mobile lease is $39,930 increasing by 10% to $43,923 for the final option period. Given the masonry structure with reinforced concrete floors, elevator service to each floor, it’s location and being TOD eligible, we see it having great value and potential for redevelopment for multi-unit residential, office or retail use.
Reach out to the broker for more info on lease terms and amenities
Getting around
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93/100
Walk Score ®
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69/100
Transit Score ®
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83/100
Bike Score ®
Location
- City Chicago, IL
- Neighborhood Edgewater Beach
- Zip Code 60660
- Market Chicago
Points of Interest
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Granville
0.24 miles
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Rogers Park
1.14 miles
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Jarvis
1.35 miles
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Howard
1.61 miles
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South Boulevard
2.26 miles
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Damen
2.38 miles
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Montrose
2.63 miles
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Main
2.65 miles
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Sheridan
3.05 miles
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Irving Park
3.09 miles
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Citgo
0.43 miles
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Marathon
0.55 miles
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Shell
0.56 miles
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BP
0.83 miles
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Amoco
1.28 miles
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Volta Charging Station
3.59 miles
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eVgo
4.06 miles
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Tesla Supercharger
4.24 miles
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Blink
4.32 miles
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ChargePoint
5.01 miles
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Loyola Parking Structure
0.10 miles
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7331 N Sheridan Self-Park
1.19 miles
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Howard Park & Ride
1.54 miles
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Foster Beach Lot
1.59 miles
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Margate Park Fieldhouse
1.85 miles
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SP+
2.20 miles
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Wilson Parking Lot
2.26 miles
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Evanston Lot 39
2.44 miles
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Budget Rental Parking Lot
2.46 miles
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Park Plaza Parking Lot
2.46 miles
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The Flats at Loyola Station
0.21 miles
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Hampton Inn Chicago North-Loyola Station
0.32 miles
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Heart O' Chicago Motel
0.80 miles
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Super 8 by Wyndham Chicago
1.16 miles
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The Guesthouse Hotel
1.90 miles
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Apache Motel
2.02 miles
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Guest House Motel
2.04 miles
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O-Mi Motel
2.06 miles
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Summit Motel
2.16 miles
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Diplomat Motel
2.21 miles
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Target
0.11 miles
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ALDI
0.19 miles
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Devon Market
0.38 miles
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Whole Foods Market
0.45 miles
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Morse Fresh Market
0.80 miles
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Cermak Fresh Market
1.05 miles
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Wild Onion Market
1.07 miles
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Jewel-Osco
1.14 miles
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Edgewater Produce
1.16 miles
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Supermercado Chapala
1.22 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
