166 N. Aberdeen St., The Fabbri Sausage building, consists of a partial 2 story building, parking lot, and loading dock area. The building is approximately 25,650 SF with approximately 9,300 SF on the 2nd story. The land is approximately 26,116 SF. The building is in good condition with no deferred maintenance. The current tenant, Fabbri Sausage Manufacturing, has been in business since 1935. There is a lease on the property signed through 2017 with the sellers. Current asking price reflects a cap rate of 4.8% on this net leased investment. The value is in future development of this red hot area. Buy this NET leased property, collect rent, and develop in four years. Location Description: 166 N. Aberdeen is located on the near west side of Chicago in a neighborhood called The West Loop. The west loop is a mix of property types, including retail, residential condos, commercial, warehousing, and some light manufacturing. This property is located right between the red hot areas of Randolph's restaurant row and the Fulton Market district. The neighborhood has changed dramatically over the last 15 years with more and more residential and commercial development. This location on Aberdeen is in the heart of the Randolph St. transformation as a "restaurant row". Key geographic points include 2 blocks to the Green Line Morgan St. "L" stop, less than 1/2 mile to the 90/94 X-way, and 1 mile to the Chicago Loop. « show less
166 N. Aberdeen St., The Fabbri Sausage building, consists of a partial 2 story building, parking lot, and loading dock area. The building is... show more »
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