418 E 43rd StreetChicago, IL 60653

Description

One-story commercial building offering 12,000 square feet of rentable space plus an additional 704 square feet designated for parking. The building is zoned B3-3, allowing various business uses, including large grocery stores, medical centers, restaurants, professional offices, retail shops, banks, and many other types of businesses. It is located in the revitalizing Bronzeville neighborhood, which features several new residential developments, such as townhomes, condominiums, single-family homes, and apartment rentals. The property sits on a main thoroughfare of East 43rd Street, with Cottage Grove a few blocks to the east and King Drive a few blocks to the west. Accessible public transportation includes the bus line on East 43rd Street and the elevated Green Line, located a few blocks to the west. This is a NNN lease with a base rent of $17.58 and passthroughs of $3.78 for real estate taxes. The property is also being offered for sale at $1.9 million.

Property Information

Property type

Commercial Sale

Sub-type

Retail

Year built

1942

Stories

1

Building area

12,000 Sq Ft

Lot size

12,284 Sq Ft

Lot dimensions

110X110

Zoning

COMMR

Days on market

248

MLS^® Listing#

12554969

Property Features

Cooling

Central Air

Financial Details

Annual taxes

$46,064Tax year 2023

Parcel number

20032220360000

Directions

East on 47th Street to the location, north side of the Street.