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435 W Erie Street

Chicago, IL 60654
  • $3,499,000
  • STATUS: Active
  • ON SITE: 89 Days
  • MLS #: 12517435
UPDATED: 127 min ago
$3,499,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1982
County:
Area:

School Ratings & Info

Description

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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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2026-02-16T13:19:08.907 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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435 W Erie Street Chicago, IL 60654

  • Price: $3,499,000
  • Status: Active
  • On Site: 89 Days
  • Updated: 127 min ago
  • MLS #: 12517435
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1982
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
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.
Exterior Features

Foundation Details Concrete Perimeter Frontage Type City StreetPublic Road Outdoor Parking 19-30 Spaces

Interior Features

Cooling Central Air Flooring CarpetTileVaries Heat Ventilation ElectricForced Air Miscellaneous Inside Common Meeting Room/sAccessible EntranceAccessible Washroom/sPrivate Restroom/sHigh Speed Comm Circuits Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Building Area Total 4200 Built Before1978 YN No Current Use CommercialOffice Electric Service - 201 to 600 Amps Fire Protection Alarm On SiteFire Extinguisher/sHydrants On SitePartially SprinkleredSmoke or Fire ProtectorsSprinklers-WetSprinklersCarbon Monoxide Detector(s) Geographic Locale Downtown Chicago Gross Income 201964 Gross Scheduled Income 201964 Leasable Area 4200 Location Central Business DistrictMixed Use AreaPublic Transport AvailFree Standing/UrbanHigh Traffic Area Mls Actual Status Active Net Operating Income 167091 Number Of Tenants 1 Operating Expense 32909 Ownership Types Corporation Possible Use CommercialOffice Property Offered For Sale Only Property Sub Type Office Tax Annual Amount 14821 Tax Year 2023 Tenant Pays Common Area MaintenanceInsuranceRepairs Type Office/Tech Utilities Electric to SiteNatural Gas AvailableSewer ConnectedWater AvailableCable AvailableFiber Water Source Municipal Water Zoning OFFIC

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of @properties Christie's International Real Estate: 773-472-0200.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2026-02-16T13:19:08.907 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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