1327 W Washington Blvd, Chicago, IL, 60607

1327 W Washington Blvd Chicago, IL 60607

1327 W Washington Blvd, Chicago, IL, 60607
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,385,000
Last Verified:
Nov 20, 2024

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Description

The Union Park Lofts in Chicago's West Loop neighborhood offer an exceptionally rare office loft condominium opportunity. Enhanced with exposed brick walls and 15-foot ceilings this concrete loft spans approximately 5,300 square feet. Built in 1910, the building was converted into condominiums in 2000, preserving its historic charm while accommodating modern lifestyles. The office features two reception areas, two conference rooms, a kitchen, nine offices and a center workspace. The large windows throughout the space allow ample natural sunlight to illuminate the interior, creating a bright and welcoming atmosphere. Union Park Lofts offers a common rooftop terrace for staff to enjoy, and is equipped with barbecue grills and patio furniture, providing a perfect setting for relaxation and outdoor gatherings. Union Park Lofts benefits from being part of the vibrant and rapidly growing West Loop and Fulton Market neighborhoods and is walking distance to Restaurant Row on Randolph St and the Fulton Market District. It is also within proximity to Rush Hospital, University of Illinois, United Center, shopping, three city parks with easy access to convenient transportation options. Office furniture is available for sale. Four (4) parking spaces are included in the list price. Contact listing agents for valuation. The combination of the property's location, amenities, and the dynamic West Loop neighborhood make this an exceptional opportunity for those seeking a unique Chicago office environment.

Located in West Loop


Year Built: 1906
Building Size: 5300sq ft
Building Class: B
Lot Size: 0 acres


Documents

JCOMM_1327Washington_MP-reduced.pdf

Map of 1327 W Washington Blvd, Chicago, IL, 60607

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.