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Listed by Tyler Weekesof Star Realty & Management
$2,850,000
Est. payment /mo
4,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $633
MLS Listing ID 12472766
Year Built 2009
Annual Tax Amount $66,126
Tax Year 2023
Lot Dimensions common
Property Sub-Type Retail/Stores
Property Description
Proud to present an opportunity to acquire a fully leased 4,850 SF three-tenant retail condo in the heart of Chicago's Fulton Market / West Loop. The Property is occupied by Aqua Wine & Spirits, Love You Nail Studio, and Healthy Zu Spa, with a 5.5-year WALT and 2.5-3 percent annual rent escalations. Current rents are ~40% below Randolph Street, offering stable cash flow with significant upside potential. Located steps from Randolph Street's acclaimed dining and retail corridor, the Property benefits from unmatched connectivity (Walk Score 99, Transit Score 94) and exceptional demographics, including 337K+ daytime employees within one mile and an average household income of $161K. Surrounded by premier corporate headquarters, luxury residences, and over 5M SF of planned office/life science development, this asset is positioned for durable long-term growth in Chicago's most dynamic neighborhood.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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