Roosevelt Office Lofts and Retail Shops 622-632 W Roosevelt Rd 19,560 SF Vacant Retail Building Chicago, IL 60607 $8,257,401 CAD ($422.16 CAD/SF)
INVESTMENT HIGHLIGHTS
- 632 W. Roosevelt has been leased to a long-term national nonprofit with excellent credit
- 622 W. Roosevelt has undergone a complete renovation
- Located in DS-3 Downtown Service District enterprise zone, no transfer tax upon sale
- 622 W. Roosevelt 1st Floor and LL has been leased to a national dispensary
- On-site parking behind building
- 100’ from Dan Ryan Expressway (I-90/94)
EXECUTIVE SUMMARY
17,232 RSF of office and retail space located in South Loop, surrounded by diverse retailers with easy access to I-90 and public transportation. 67% occupied with long-term leases in place with excellent credit tenants. 622 and 632 W. Roosevelt can be purchased together or separately. 622 W Roosevelt is priced at $3,830,000. 632 W Roosevelt is priced at $2,130,000.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
19,560 SF
Building Class
B
Year Built
1904
Price
$8,257,401 CAD
Price Per SF
$422.16 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.38
Lot Size
0.33 AC
Zoning
DS-3 - DS-3 Downtown Service District, Rail yards, warehouses, and small businesses on downtown's periphery.
Parking
5 Spaces (0.26 Spaces per 1,000 SF Leased)
Frontage
54’ on W Roosevelt Rd
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
• 2,332 RSF • High ceilings and new in-suite bathrooms • Great natural light, from south and north windows. • Space ready for tenant buildout • Virtual Tour: https://my.matterport.com/show/?m=rVZQZ1Kyekk
• 2,692 RSF • Top floor unit with high ceilings and new in-suite bathrooms • Great natural light, from south and north windows. • Space ready for tenant buildout • New elevator, upgraded HVAC systems, widened stairwells • Virtual Tour: https://my.matterport.com/show/?m=STdmZWCrJKK
| Space | Size | Space Use | Position | Available |
| 200 | 2,332 SF | Office/Retail | - | Now |
| 300 | 2,692 SF | Office/Retail | - | Now |
200
| Size |
| 2,332 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
300
| Size |
| 2,692 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (84)
Bike Score®
Biker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $387,237 CAD | |
| Land Assessment | $204,550 CAD | Total Assessment | $591,786 CAD |
