Notes from DenSwap:
"The space is beautiful and has pricing power since it's been run more as a hobby. The opportunity to grow within the building can generate meaningful profit."
Inquire about this space:
This coworking is where Chicago’s creatives come to thrive- a coworking space that blurs the lines between art and work, and never stops evolving. Open day and night, we’re home to artists, makers, and passionate folks seeking inspiration and genuine community.
It's currently operating at slightly profitable as a side-business. The opportunity to increase profitability to $40,000 to $50,000 is straight forward by increase sweetheart deals for a few offices, leveraging mail service that's growing, and signing a new lease at a lower market-rate rent.
Our space is thoughtfully designed for both function (automated 24/7 access to desks, offices, and meeting rooms) and creativity (artist-in-residence programming, curated events, and lively conversation). Membership means more than a desk- it’s access to resources and a community that keeps you inspired, inside and outside our walls.
Currently, the coworking space is owned by three equal partners, including the building owner, who’s open to selling their share or partnering with a new operator. The business is profitable, fully occupied, with plenty of room to grow- think a dozen hot desks, a conference room for 10, a phone booth, and 7 private offices. There’s upside in the neighborhood, and opportunity to increase rent, especially in the largest unit. There's also another unit in the building that is available that has been a successful event space in the past.
Our beloved Community Manager keeps the vibe alive and would consider going full-time. Our coworking space is ready for new ownership- someone who can give it the attention and care it deserves to reach its full potential.