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1012 W Randolph StChicago, IL 60607
1012 W. Randolph Street
Asset ClassMixed Use, Multifamily, Retail
Fulton Market Mixed-Use Investment
overview of deal

Overview

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1012 W Randolph (the “Property”), a 100% leased, mixed-use investment prominently located in Chicago’s booming Fulton Market neighborhood.

 

The ±5,740 square foot, four-story mixed-use property consists of one (1) ±1,435 square foot retail tenant and three (3) ±1,435 square foot apartments. Each of the upper floors feature a loft-style residential unit with modern finishes and spacious layouts. The Property is situated upon ±1,625 square feet of land with 25 feet of frontage along Randolph Street.

 

The retail space is occupied by Rōti, a nationally recognized fast-casual Mediterranean restaurant, providing reliable in-place income. The existing lease has a near-term expiration with a current rent approximately 20% below market for Randolph Street, presenting a near-term opportunity to increase income upon renewal or re-tenanting, supported by steady tenant demand and limited retail supply in Fulton Market along Randolph Street.

 

Located in the heart of Fulton Market, Chicago’s most vibrant and rapidly evolving live-work-play district, the Property benefits from exceptional foot traffic, a dense daytime population, and ongoing development. The neighborhood is anchored by major corporate headquarters such as Google and McDonald’s and surrounded by acclaimed dining and entertainment destinations including Girl & the Goat, Nobu, and Au Cheval.

 

The Property also enjoys excellent connectivity, situated just steps from the Morgan CTA Green/Pink Line station, multiple CTA bus routes, and less than one mile from I-90/94 and the Ogilvie Transportation Center. Within a one-mile radius, the area boasts an average household income of $156,000, a median home value of $479,000, and a total population exceeding 70,000 residents, underscoring the strength and affluence of the surrounding customer base. The 1-mile daytime employment population exceeds 216,000, supporting strong retail and restaurant demand.

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Investment Highlights

⦿ NATIONAL RETAIL TENANT + SIGNIFICANT UPSIDE IN RENT

 

⦿ CHICAGO’S HOTTEST SUBMARKET – FULTON MARKET

 

⦿ EXCEPTIONAL TRANSIT ACCESS

 

⦿ RAPIDLY DEVELOPING NEIGHBORHOOD

 

⦿ SUPERIOR DEMOGRAPHICS

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1012 W Randolph StChicago, IL 60607
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Listing provided by Revere CRE