Temporarily off the market.
1110 S Oakley is located on the border of Tri-Taylor neighborhood and the Illinois Medical District (IMD) on the ‘Near West Side’ of Chicago, two miles from downtown Chicago
The subject property benefits from the ever-evolving IMD. The IMD is a global healthcare innovation community, bringing together an ecosystem of enterprises that have inspired medical breakthroughs for more than 70 years. 40 Healthcare organizations—including major health systems, research labs, universities, and biotech innovators—are located within the district. Many federal and state government institutions have chosen the IMD and surrounding area as their home.
The subject property is currently 100% leased to the State of Illinois (IL Department of Corrections). They have been an excellent tenant since the early 2000’s. The location is close to many state facilities such as the Cook County Jail, Juvenile detention center, many state and federal services.
The subject is a three-story building with Approximately 30,000 SF of office. Parking is adjacent to the building. Additional parking in across the Cul de Sac and provided per the lease terms.
The building was expanded and rehabbed to its current size starting in 1995 to present and includes two interior fire escape stairways, elevator and washrooms on each floor. Perimeter offices with windows, interior offices, break rooms and cubicles. Roof is newer 2011 as well as HVAC (all newer over the last seven years) units. No deferred maintenance/capital improvements.
Transportation: CTA stations: Ashland (Green and Pink Lines), Ashland (Orange Line), Clinton (Blue Line), Clinton (Green and Pink Lines), Damen (Green Line, opening in 2021), Illinois Medical District (also for Malcolm X College), Morgan Racine (Blue Line), Racine (Green Line), UIC–Halsted Western (Blue Line Congress branch)
Metra stations: Halsted Street station and Ogilvie Transportation Center
Amtrak stations: Chicago Union Station
Please contact Timothy Keenan to request the full Offering Memorandum.