1732 W Hubbard Street
Chicago, IL 60622

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Description

1732 W Hubbard presents a rare opportunity to acquire a well-maintained, multi-tenant 3-story office building with both immediate income and long-term upside. Positioned in the heart of Chicago's thriving West Loop / Fulton Market corridor, the property benefits from strong surrounding residential and commercial demand, convenient access to downtown, major expressways, and public transit. Spanning approximately 25,000+ square feet across three levels, the property offers a flexible layout suited for a variety of office, creative, or service-based users. The building is currently partially leased, generating in-place income with established tenants, while still offering significant vacancy for an owner-user or investor to customize and maximize returns. The layout allows for demising or full-floor users, making it equally attractive for investors seeking stabilized cash flow or businesses looking to occupy while offsetting expenses with rental income. This is a strategic acquisition for those looking to plant a flag in one of Chicago's most dynamic and evolving submarkets.

Features

• Property Type: Commercial
• Sub Type: Office/Tech
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60622
• Year Built: 1914
• Sq.Ft.: 23,500 sq ft
• Stories: 3
• Approximate Age: Older
• Building Area Total: 23500
• Built Before 1978 (Y/N): Yes
• Cooling: Central Air
• Directions: Heading west on Hubbard from Ashland, the property will be just past Hermitage on the right at 1732.
• Electric: Circuit Breakers
• Estimated Cam/Sf: 3
• Estimated Tax/Sf: 5
• Fire Protection: Sprinklers-Wet
• Geographic Locale: East/West Corridor, Downtown Chicago
• Gross Income: 13710
• Gross Scheduled Income: 164520
• Heat/Ventilation: Forced Air
• Information: List Broker Must Accompany
• Leasable Area: 8000
• Location: Mixed Use Area
• Lot Size Square Feet: 8475
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 1000
• Operating Expense: 44520
• Original Rental Price: 30
• Property Offered: For Sale or Rent
• Property Sub Type: Office
• Rental Price: 30
• Tax Annual Amount: 115041.5
• Tax Year: 2024
• Tenant Pays: Common Area Maintenance, Insurance, Scavenger, Sewer, Varies by Tenant, All Utilities
• Total Monthly Income: 13710
• Township: West Chicago