Do 'Office/Residential' &amp; 'Office Live/Work Unit' options in Loopnet imply these are mixed-use zone properties, and how are these two different from each other? What are the tax (deduction) implications?
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[{"id": "icp50f7", "text": "I don\u2019t know where you\u2019re looking but in my market (Chicago) the RBI\u2019s an implicit difference. Live/work space is only permitted in some zoning districts and usually references a 1-story building, generally with living space at the rear. These tend to be fully occupied by one person who lives and works there. Office/residential, locally, would refer to a multi-story building with separate tenants in the commercial space and the residential space. \n\nI can\u2019t speak to the tax question.", "replies": [], "depth": 1}, {"id": "icqr17p", "text": "I'd look at the specific zoning per the city to understand the use and tax difference. The category on loop net is manually selected so anyone could choose anything.", "replies": [], "depth": 1}]