114 N HALSTED ST Chicago, IL 60607

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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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

Area Chi - Near West Side

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Structure Type Brick

Listed by Tyler Weekes of Star Realty & Management

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106