Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire 1044-1048 W. Fulton Market (the “Property”), a 100% leased, urban retail condo portfolio of three separate suites, located in the heart of Chicago’s Fulton Market neighborhood.

The Property consists of three adjacent first-floor retail condominiums, each with ±1,366 square feet of retail-level space and each including an additional ±1,000 square feet of lower-level space. The total ground-level space is ±4,098 square feet with total gross usable square feet of ±7,098 including the lower levels. The Property is home to Metaphysical Pilates, Tucker Pup’s Pet Resort, and High Society Nails, three local service-based businesses that are considered e-commerce resistant. The tenants have an outstanding weighted average lease term remaining of 8.2 years. , with in-place rent 35% below the average market retail rents.

The Property is located in the heart of Fulton Market, Chicago’s hottest submarket for housing, retail, office, and nightlife. Over the last decade, the neighborhood has undergone a transformation rarely seen in urban areas, with developers rushing to develop apartments, class-A office buildings, and a vibrant mix of restaurants, bars, and retail destinations. Fulton Market now offers a robust retail corridor, a deep roster of well-known companies, and many acclaimed restaurants and hotels. Randolph Street’s ‘Restaurant Row’ anchors the area’s nightlife, featuring favorites such as Bar Siena, Au Cheval, Girl and the Goat, and Formento’s. Beyond Randolph, Fulton Market is home to some of the city’s top dining destinations, including Il Carciofo, Rose Mary, Fioretta, Momotaro, Nobu, and Swift & Sons. Companies such as Google, McDonald’s, John Deere, Dyson, Calamos Investments, and Coca-Cola have established headquarters or regional offices in the neighborhood.

The Property is accessible via multiple modes of transit, positioned 0.2 miles from the CTA Green/Pink Line ‘L’ station at Morgan Street, 0.4 miles from CTA bus routes #20 and #65 at Madison Street and Grand Avenue, 0.4 miles from Interstate-90/94, and 0.8 miles from the Metra station at Ogilvie Transportation Center. Furthermore, the location is considered a Walker’s Paradise (91/100) and Biker’s Paradise (95/100) by WalkScore.com.

As one of the most sought-after neighborhoods in the country, Fulton Market has attracted professionals of all ages, driving an influx of wealth and an unprecedented demand for new housing. Within 1-mile, demographics include an average household income of nearly $158,000, median home value of $486,000+, and a population of 62,600.