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ILLINOIS DEPARTMENT OF EMPLOYMENT SERVICES (“IDES”)

Request for Offers | Determined by Market

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1515 East 71st Street
Chicago, Illinois

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Under Contract

TEN-X AUCTION: JUNE 22-24, 2020 | CLICK HERE FOR AUCTION SITE

Can be Sold Separate or with:
Illinois Department of Human Services | 915 63rd Street

Features

  • Tenant is Illinois Department of Employment Services (“IDES”)
    – 27-Year History at this Location
    – Provides Highly-Demanded State Assistance Programs
    – Institutionally Owned for 12 Years
  • New 5-Year Lease (Through 4/30/2025)
    – Lease Includes 1.5% Annual Rent Increases
    – State of Illinois Pays For Any Tax Increases Over Base Year
  • Located Across the Street from Stony Island Station of the Metra Rail System
  •  Located in Dense, Infill Location with Strong Barriers to Entry
    – One-Half Mile from Jackson Park Hospital and Medical Center
    – One Mile From the Future Barack Obama Presidential Library
  • High Yielding, Stable Asset with Robust Returns

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com

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