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$2,780,000
Est. payment /mo
4,850 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $573
MLS Listing ID 12353353
Year Built 2009
Annual Tax Amount $64,200
Tax Year 2023
Lot Dimensions 0X0
Property Sub-Type Retail/Stores
Property Description
Fee-simple interest in 114-120 N. Halsted Street (the "Property"), a Fully leased urban infill retail investment located in Chicago's Fulton Market / West Loop neighborhood. The Property is a three-tenant commercial condo that is located steps from Fulton Market's primary retail thoroughfare, Randolph Street, with a mix of eclectic restaurants and high-end national retailers. The Property comprises three adjacent first-floor retail spaces, totaling 4,850 square feet. The condo is leased to Aqua Wine and Spirits, Love You Nail Studio, and Healthy Zu Spa. The tenancy offers a phenomenal weighted average lease term remaining of 6.2 years, annual rent increases. The Property benefits from its prime location in Chicago's hottest neighborhood amongst a robust retail corridor, world-class business district, and many acclaimed restaurants and hotels. Fulton Market / West Loop hosts an abundance of premier corporate offices, including Google's regional headquarters, McDonald's Global HQ, Dyson, John Deere, Mondelez, Coca-Cola, Boston Consulting Group, and Kimberly-Clark to name a few. Known for its trendy restaurants and nightlife, Fulton Market has a thriving retail scene with many of the nation's most popular retailers opening stores in the neighborhood over the last decade. With more than 10,000 new residential units and an additional 5 million square feet of office and life science space either proposed or under construction, Fulton Market and West Loop are poised for continued expansion and strong demand. The Property is situated just four blocks away from the CTA Green / Pink Line 'L' station at Morgan Street and just steps from CTA bus routes #8 and #20 on Halsted Street and Madison Street. Ogilvie Transportation Center and Chicago Union Station are within 0.5 miles of the Property.
Location
State IL
County Cook
Area Chi - Near West Side
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1
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Listed by Adam Max • Compass