Chicago, IL 60607 114-120 N Halsted Street
$2,780,000



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Presented By: Compass
Home Details
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.
Presented By: Compass
General for 114-120 N Halsted Street
Additional Parcels Y/NNo
CityChicago
CoolingCentral Air
CountyCook
Current UseCommercial
DirectionsFrom the North, South on Halsted to Washington intersection.
ElectricOther
Leasable Area
Lot Size Square Feet8586
MLS AreaCHI - Near West Side
Net Operating Income208736
Number Of Units Total3
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusNew
Stories1
Tax Annual Amount64200
Tax Year2023
Year Built2009
ZoningRTAIL
Exterior for 114-120 N Halsted Street
Building Area Total4850
Frontage TypeCity Street
Additional Details
Price History
