400 East Randolph Street, Unit 706

Chicago, IL 60601

$217,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Commercial Condo with Water Access at Outer Drive East. Unlock your business's potential with this exceptional commercial condo in the prestigious Outer Drive East Condominium, nestled in the heart of downtown Chicago. Boasting unique water access and a prime location in vibrant Lakeshore East, this versatile space is perfect for a variety of business types-from retail stores, grocery, and spas to medical offices, fitness centers, design studios, and more. Key Features Fully Renovated: This...Prime Commercial Condo with Water Access at Outer Drive East. Unlock your business's potential with this exceptional commercial condo in the prestigious Outer Drive East Condominium, nestled in the heart of downtown Chicago. Boasting unique water access and a prime location in vibrant Lakeshore East, this versatile space is perfect for a variety of business types-from retail stores, grocery, and spas to medical offices, fitness centers, design studios, and more. Key Features Fully Renovated: This space has been completely updated with new drywall, ceilings, modern LED lighting, and luxury vinyl plank (LVP) flooring, offering both style and durability. Practical Amenities: Includes water hookups, a kitchen with a sink, microwave, and fridge, plus office and storage areas. Access to building amenities supports various business operations. Luxury Building Amenities: Enjoy a 5-star, resort-style health club featuring an indoor geodesic pool, saunas, steam rooms, a winter garden, a children's playroom, and facilities for basketball, racquetball, ping-pong, cardio, and weight training. Multi-Function Room: Perfect for hosting events or meetings, featuring an open kitchen and media area. Proven Flexibility: Previously used as a hair salon and appraisal office, the adaptable layout caters to diverse business needs. Zoning and Use Information: A zoning advisory letter from the City of Chicago is available, outlining all permissible uses. Convenient Parking with discounted parking tickets for clients and customers. Exclusive Business Opportunity: A covenant prevents competition in residential real estate services, offering a unique advantage for certain businesses. Don't Miss Out Establish or expand your business in one of Chicago's most desirable areas. With its prime location, modern amenities, and flexible use options, this commercial condo provides a unique opportunity to make your mark in the thriving Lakeshore East community. Full Property Details: 400 E Randolph St #706
  1. Listed by Muhammad Akbik • @properties Christie's International Real Estate

Property Details for 400 East Randolph Street, Unit 706

Area
CHI - Loop
Zoning
PUD
LISTING UPDATED: 09/21/2024 05:09 PM

Property Details for 400 East Randolph Street, Unit 706

StatusPrice Change
MLS #12150262
Days on Market110
Taxes$14,414 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1964
Lot Size3.58 AC / 156,000 SF
CountyCook County

Building

400 E Randolph St

944 Units40 StoriesBuilt in 1964

Building Information for 400 East Randolph Street, Unit 706

Stories40Residences944Year Built1964Lot Size3.58 AC / 156,000 SF

Property Information for 400 East Randolph Street, Unit 706

General Information
Addtl Parking Information
  • Indoor Parking: Over 100 Spaces,Assigned Spaces,Attached,Fee Parking,Heated,Secured
  • Outdoor Parking: 51-100 Spaces,Fee Parking,Fenced,Lighted,Paved,Private Lot,Secured,Parking On-Site,Parking-Street
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Downtown Chicago
  • Information: 24-Hr Notice Required,List Broker Must Accompany,Short Notice OK,Other-See Remarks
Taxes and HOA Information
  • Estimated Tax/Sf: 14.03
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Flooring: Vinyl
  • Heat/Ventilation: Central Heat/Indiv Controls,Radiators
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 952
Utilities / Equipment
  • Utilities: Electric to Site, Gas Nearby, Water-Municipal, Fiber
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: 330X330
  • Lot Size Square Feet: 156000.0
  • Stories: 40
  • Exterior Building Type: Brick
  • Construction: Concrete
  • Fire Protection: Alarm On Site,Fire Extinguisher/s,Hydrants On Site
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 1130
  • # Of Offices: 6
  • Office SqFt: 1130
  • # Of Stores: 40
  • Property Sub Type: Condominium
Property and Assessments
  • Possible Use: Office and Research, Development, Retail
  • Docks: Common,Depressed
  • Public Document Count: 1
  • Document Date: 2024-09-11T22:06:29
  • Photos Count: 21
  • Estimated Cam/Sf: 0.84
Miscellaneous
  • Current Use: Commercial, Condominium, Office, Development
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 952
Income & Expenses
  • Electric Expense: $250.00
  • Fuel Expense: $.00
  • Gross Income: $3,333.00
  • Gross Scheduled Income: $40,002.00
  • Insurance Expense: $3,600.00
  • Known Encumbrances: Other
  • Total Annual Expense Source: Owner Projection
  • Total Monthly Income: 3333
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 400 East Randolph Street, Unit 706

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 400 East Randolph Street, Unit 706

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Ogden Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Muchin College Prep
Charter9 to 12

YCCS-Innovations of Arts Integr
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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400 East Randolph Street, Unit 706 is a mixed use property for sale in Chicago, IL 60601. This property was listed for sale on August 29, 2024 by @properties Christie's International Real Estate, it's currently listed at $217,000. This listing's school district is Chicago Public Schools. Nearby schools include Ogden Elementary School, Wells Community Academy High School and Muchin College Prep. 400 East Randolph Street, Unit 706 is a 0-bed, 0-bath, mixed use property built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Christie's International Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/21/2024 05:09 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.