A Rare Opportunity to Own a South Loop Ground-Floor Retail Condo
Investment Highlights
- ±1,450 SF ground-floor retail / office condominium located in Chicago’s South Loop / Grant Park submarket
- Offered for sale at $349,950 (˜ $241.34 PSF) — compelling basis for South Loop street-level product
- Surrounded by national retailers and daily-needs anchors including Trader Joe’s, Jewel-Osco, Target, and Roosevelt Collection
- Zoned B7-6, allowing a broad range of commercial uses (subject to HOA approval)
- Attractive ownership alternative to rising retail lease rates, offering long-term cost control for owner-occupants
HOA Inclusions
- Prime HOA Benefits: Elevate your investment game with this property's prime HOA benefits. Enjoy the convenience of exterior landscaping and snow removal, shared building facilities maintenance, and utility system upkeep—all provided by the Association. Access the common trash room and city water service, with costs allocated based on usage and percentage. Plus, rest easy knowing the Commercial Unit participates in master property insurance and real estate taxes based on its allocated share.
- Shared Services: Maximize your ROI with the shared services included in this property. From routine maintenance of doors and windows serving the commercial space exclusively to exterior landscaping and snow removal, this property offers a range of shared services that benefit the Commercial Unit. With access to the common trash room, city water service, and maintenance of shared building facilities and utility systems, this property ensures a hassle-free ownership experience.
- Efficient Cost Allocation: Experience efficient cost allocation with this property's HOA inclusions. Costs for city water service and shared services are allocated based on usage and percentage, ensuring a fair distribution among Commercial Unit owners. Additionally, participate in master property insurance and real estate taxes based on your allocated share, streamlining financial responsibilities and enhancing the property's overall value proposition.
- Streamlined Ownership: Streamline your ownership experience with this property's HOA inclusions. Benefit from exterior landscaping and snow removal, shared building facilities maintenance, and utility system upkeep—all managed by the Association. With costs for city water service and shared services allocated based on actual usage and percentage, enjoy a hassle-free ownership experience that prioritizes efficiency and convenience.
- Value-Driven Investment: Invest in value with this property's HOA inclusions designed to enhance your ROI. From routine maintenance of doors and windows to access to shared services like exterior landscaping and snow removal, this property offers a comprehensive package that adds value to your investment. With efficient cost allocation for city water service and shared services, as well as participation in master property insurance and real estate taxes, this property is a smart choice for investors seeking a high-return opportunity.
- Located in Chicago’s South Loop / Grant Park submarket, one of the city’s most established mixed-use districts
- Positioned at the intersection of S Wabash Ave & E Roosevelt Rd, a major retail and transit corridor
- One block from the CTA Roosevelt Station serving the Red, Green, and Orange Lines
- Proximity to Columbia College Chicago, driving consistent daytime population
- Highly walkable, transit-oriented location ideal for retail, office, medical, or service-oriented uses