Description
Unbelievable location!Store and 2 huge lofts ! Building is 25x94 interior measurements apx ft (2400 asf apx) on all 3 levels plus basement.Approximately 25x100 lot. 11 ft to 12 ft TIN ceilings on store and 2 lofts! Great views! Store has terrazzo entry and display area and possibly thru the whole store( currently carpeted) all units have separate forced air furnace.Circuit breakers and 1 bath.Lofts are live/work currently and have hardwood floors ,large windows and are open. Unable to obtain pics ,Unfortunately.All tenants are Long term and month to month and pay extremely low rent.Brokers conservative non rehabbed pro forma is as follows- $6000 Net for 1st floor and $3500 per loft.Apx $163200 Yearly. 2nd floor furnace apx 12 years,roof within 15 years and currently fire escape is being repaired and repainted apx $16,000( see permit in pics). This is an Estate Sale- AS IS, Where IS!But beautiful red brick and true lofts. In the TOD on Milwaukee across from the Lowes Plaza,near to all the restaurants and shops! GREAT for a user or Investor. Do not disturb first floor tenant! Blue line is underground behind the space. Possibility to have 1 space for parking ,depending on porch/escape reconfiguration.See add'l info for zoning map, TOD map and more.Please read broker comments.
Map
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