42-58 E 26th St
Chicago, IL 60616 South Loop

• Unit Size: 8,694 SF
• Condo Use: Retail
• Price: $2,050,000 USD
• Sale Type: Investment
• Price/SF: $235.79 USD

Description

5 unit Commercial Retail property with upgrades all done in the last 5 years.  Lofts which is a professionally managed hoa condo building. The property only has 1 pin which is convenient for the new owner and is currently cash flowing with tenants. Tenants are Salon Sevhn, a luxury hair salon with a long term lease.

Sale Notes

This 5 unit Commercial Retail property has 5 beautiful spaces with upgrades all done in the last 5 years. Each tenant loves their space and are open to staying if new owner prefers. There is also flexibility if the new owner wants to open a business as well. You have the best of both worlds. The property sits at the bottom of the Bronzeville Lofts which is a professionally managed hoa condo building. The property only has 1 pin which is convenient for the new owner and is currently cash flowing with tenants. The property practically runs itself. An investor would only be responsible for taxes & insurance. Tenants are responsible for everything else per their commercial modified lease agreement. Tenants are responsible for all their own maintenance, hvac, plumbing, & electrical. Location has great exposure to the South Loop and less than 90 seconds from the expressway. Don't miss out on this amazing 5 unit Commercial Retail Space. Tenants are Salon Sevhn, a luxury hair salon with a long term lease. Guaranteed Rate, a Nationally Recognized residential mortgage lender, Blue Door Dave Real Estate, a local Boutique Real Estate Office, Bronzeville Community Center, a locally RN ran facility to provide office services amongst many others & Exceptional Building Services, a commercial cleaning service.