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$3,850,000
Est. payment /mo
23,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 23,500 sqft
Price per Sqft $163
MLS Listing ID 12587922
Year Built 1914
Annual Tax Amount $115,041
Tax Year 2024
Lot Dimensions 75x113
Property Sub-Type Office/Tech
Property Description
1732 W Hubbard presents a rare opportunity to acquire a well-maintained, multi-tenant 3-story office building with both immediate income and long-term upside. Positioned in the heart of Chicago's thriving West Loop / Fulton Market corridor, the property benefits from strong surrounding residential and commercial demand, convenient access to downtown, major expressways, and public transit. Spanning approximately 25,000+ square feet across three levels, the property offers a flexible layout suited for a variety of office, creative, or service-based users. The building is currently partially leased, generating in-place income with established tenants, while still offering significant vacancy for an owner-user or investor to customize and maximize returns. The layout allows for demising or full-floor users, making it equally attractive for investors seeking stabilized cash flow or businesses looking to occupy while offsetting expenses with rental income. This is a strategic acquisition for those looking to plant a flag in one of Chicago's most dynamic and evolving submarkets.
Location
State IL
County Cook
Area Chi - West Town
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Office/Tech
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Listed by Michelle Schroeder of Berkshire Hathaway HomeServices Chicago