Listing provided courtesy of @properties Christie's International Real EstateMREDas Distributed by MLSGrid- MLS# 12517435MLS Provider

435 W Erie StreetChicago, IL 60654

Commercial · 4,200 Sq. ft.
$2,990,000 Active

435 W Erie Street Overview

Time on Site:
223 days
Visits:
5

Sale Lease back opportunity, Great Professional Office condominium for sale, With an Already in place corporate tenant with a Guaranteed 10 year NNN lease, Solid tenant, ensuring immediate, consistent rental income for the buyer. Perfect for Investment and to add to your income portfolio. Extremely rare offering here, NOI Is $167,091, Excellent visibility in highly desirable, prime location. 4,200 SQ FT, DX-7 Zoning. This is a must-see, well-appointed, professional office environment. High End Modern, open office space. This unit is on the Ground Level, If not used for the current tenant in the future, This is Perfect for any business, office, tech, government, real estate, insurance, Mortgage, Financial Trading Medical dental, retail. Very Well maintained. Currently used as a Corporate Office, The unit is Completely and fully built out, turn-key, move-in ready with 9 executive, private office suites, cubicles for support staff, 1 conference room, supply storage room, 2 large, modern restrooms, full, private kitchen/break area. Fully wired with fiber optic, Internet, phone, Cat 5 and music. Handicap accessible from interior entrance. Unit features a full, sprinkler system. All new, commercial grade, copper plumbing throughout the unit. Near public transportation (Bus and Train Metra and CTA). Right off The Ohio spur downtown. Quick access from all highways. Assessment includes water, rubbish, scavenger, maintenance, elevator fees. Ownership is willing to discuss a Sale Leaseback, Surrounding area retail business includes East Bank Club, Erie Cafe, Do not bother the tenant, Call listing broker for showing.

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435 W Erie Street Facts & Features

  • Type Commercial
  • Sq. ft. 4,200
  • Price/Sq.ft. $712

Details

General

Income/Expenses

  • Gross Income: 201964
  • Gross Scheduled Income: 201964
  • Net Operating Income: 167091
  • Operating Expense: 32909

Building Information

  • Year Built: 1982

Business Information

  • Current Use: Commercial,Office

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near North Side

Rent/Lease Information

  • Tenant Pays: Common Area Maintenance, Insurance, Repairs

Tax Information

  • Tax Annual Amount: $14,821.00
  • Tax Year: 2023

General Information

  • Parcel Number: 17091270391167
  • Possible Use: Commercial,Office
  • Property Sub Type: Office
  • Property Type: Commercial Sale
  • Zoning: OFFIC

Interior

Building Interior

  • Building Area Total: 4200

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Flooring: Carpet, Tile, Varies
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 4200
  • Stories: 1

Unit Information

  • Unit SqFt.: 4200

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street,Public Road
  • Lot Size Dimensions: 4200
  • Lot Size Square Feet: 4200
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Concrete, Steel Siding

General Information

  • Number Of Units Total: 1
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available,Cable Available,Fiber

435 W Erie Street Neighborhood

Community

60654 (Chicago) Demographics

33
Median Age
34,153
Population Density (per sq. mile)
89%
College Educated
$128,101
Estimated Median Income
4,958
Estimated Total Home Owners
8,223
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

435 W Erie Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

435 W Erie Street Market Data

Based on the last 30 days in this zip code

$812,484
Average List Price
$575
Average Price per Square Foot
67
Properties Sold
61
Average Days on Market
163
Properties for Sale
Calculations provided by Reliance Network

435 W Erie Street History

Date Event Value Agent
3/17/2026Source: MRED Status Change
Active
3/12/2026Source: MRED Price Reduction
$2,990,000 -14.5%
3/12/2026Source: MRED Status Change
Price Change
11/23/2025Source: MRED Status Change
Active
11/18/2025Source: MRED Added to Database
November 18, 2025