Overview
Block 37 is a vibrant mixed-use development located in the heart of downtown Chicago. Situated at the intersection of State Street, Randolph Street, Dearborn Street, and Washington Street, Block 37 enjoys a prime location in one of the city's most bustling and dynamic neighborhoods.
The Block 37 offering consists of 5 floors that act as a hub for shopping, dining, and entertainment. The retail sits below the 34 floors of Marquee at Block 37 apartments, making it a truly integrated community within the urban fabric. The sophisticated residential units offer stunning views of the downtown skyline and provide residents with easy access to the vibrant surrounding area.
Retail at Block 37 is a major draw for both locals and tourists, with an enticing array of high-end fashion outlets, specialty stores, and flagship retailers. Block 37 showcases an impressive selection of fashion, beauty, technology, and lifestyle brands.
The location of Block 37 makes it extremely accessible by public transportation, with multiple bus lines and L train stations nearby. Commuters can reach O'Hare International Airport and Midway International Airport conveniently via the Blue Line and Orange Line respectively. Additionally, the development provides underground parking facilities for those who prefer to drive.
Block 37 embodies the energy and vibrancy of downtown Chicago, creating a lively and multifaceted destination for shopping, dining, and living. Its strategic location, diverse offerings, and accessibility make it an attractive choice for retailers, residents, and consumers alike.
Investment Highlights
VALUE-ADD POTENTIAL THROUGH VACANT LEASE-UP
80.2% occupied with 54,895 SF of vacant space across 30 suites
RARE OPPORTUNITY TO BUY GENERATIONAL TROPHY CHICAGO ASSET
Only two transactions of Chicago High Street Retail over 150k SF in the last 5 years
LOCATED AT EPICENTER OF CHICAGO'S TOP DESTINATIONS
Situated within a block of the Chicago Theatre, the Nederlander Theatre, and the famous Macy's Chicago flagship location
Within 0.5 miles of Millennium Park, Willis Tower, The Art Institute of Chicago, Maggie Daley Park, Jay Pritzker Pavillion, and The Chicago Cultural Center
LOWER LEVEL PEDWAY CREATES EASE OF CONNECTIVITY
Access to Red and Blue lines, connecting North, South, and West Chicagoans across more than 50 miles of routes
Blue Line Washington Stop provides direct access to O'Hare International Airport
DIVERSE TENANT MIX LEADS TO INCOME DIVERSIFICATION
27 occupied suites across the apparel, entertainment, restaurant, and specialty restaurant sectors