1727 N Burling Street Chicago, IL 60614 Commercial - Office Active

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Description

Pleased to market the sale of 1725 N Burling St., a two-story commercial office building in the heart of Lincoln Park neighborhood. This well-equipped and highly functional commercial office building presents a rare opportunity for investors or owner-users seeking a modern, infrastructure-rich office. The property offers a large conference room for meetings, as well as shared workspace and personal desks on both the second and basement levels. Common space includes 2 bathrooms, a kitchen, and ample storage closets throughout. A shared elevator with the condo building next door offers ADA-compliant wheelchair entry from the main lobby, as well as integrated keypad security and a fire annunciator system also connected to the neighboring building for enhanced safety and compliance. The interior offers a professional environment enhanced by radiant floor heating beneath hardwood on the first floor, modern LED recessed and track lighting, and individual HVAC controls on the first and second floor, and an additional split HVAC system for the lower level. Utility infrastructure is robust, featuring a main water shut-off, individual gas and electric meters, and both ejector and sump pumps for wastewater and rain drainage. Technology needs are well accommodated with Cat6 network cabling throughout all levels, a central server setup in the lower level, and a dedicated Comcast cable line that runs from the rear of the building. Shared elements include garbage service and building systems tied into the adjacent property, including elevator access to a shared rooftop.

Property Highlights

Property Type: Commercial - Office
Building Description: 2.0 stories
Year Built: 2008

General Information

County: Cook
Listed By:
Keller Williams ONEChicago 312-216-2422
MRED MLS
$550,000
Est. $3,528/mo
Active
SQUARE FEET1,809 MLS#12570296
STATUSActive PROPERTY TYPECommercial - Office

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1727 N Burling Street, Chicago, IL 60614.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $550,000$550,000$550,000
Down Payment $110,000$19,250$137,500
Monthly Mortgage Amount $2,603$3,238$3,370
Taxes $765$765$765
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$242$0
Monthly Estimated Total $3,528$4,405$4,295

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