435 W Erie Street
Chicago, IL, 60654 $ 3,499,000
Bedrooms-- Baths-- Sq 4,200 Monthly Estimate*
$ 21,544
for $3,499,000. This 4,200 square foot building was built in 1982 on a lot size of 0.096419.
Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091, Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.
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FeaturesGeneralCooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available Cable Available Fiber
Possession Closing Immediate Lease Back Required Negotiable
Zoning OFFIC
Construction Materials Concrete Steel Siding
Year Built 1982
Electric Service - 201 to 600 Amps
Tenant Pays Common Area Maintenance Insurance Repairs
Stories Count 1
Property Subtype Office
Tax Year 2023
Current Use Commercial Office
Gross Income 201964
County Cook
Net Operating Income 167091
Operating Expense 32909
Property Type Commercial Sale Office/Tech
Possible Use Commercial Office
Status Active
Directions ORLEANS AND ERIE WEST TO ADDRESS
City Chicago
Number Of Units Total 1
MLS Area CHI - Near North Side
Lot Size Square Feet 4200
Tax Annual Amount 14821
Additional Parcels Y/N N
Leasable Area 4200
Virtual Tour https://tours.positiveimagelive.com/2351695?idx=1
Standard Status Active
Cap Rate 4.77
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InteriorFlooring Carpet Tile Varies
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ExteriorWater Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 4200
Lot Dimensions 4200
Frontage Type City Street Public Road
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* Excluded FeaturesList By@Properties Christie's International Real EstateBroker
esw@atproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $21,544
- Monthly Property Taxes
- $1,235
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $951,078
Percent of Sale Price 73%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/18/2025 | $3,499,000 | | Listed Price |