Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 452-456 N. Morgan Street (the “Property”), an urban infill mixed-use investment prominently located at the intersection of Chicago’s dynamic Fulton Market and River West neighborhoods.

The Property consists of a total of approximately 19,238 square feet, with 10,292 square feet occupied by a commercial tenant and approximately 8,991 square feet of live / work loft space on the three levels including a private garage. The single commercial tenant, FCB Chicago, occupies the impressive clear-span 1st floor space and approximately 45% of the 2nd floor. FCB is a leading global advertising agency under the umbrella of the Interpublic Group of Companies (NYSE: IPG). With more than 8,000 employees across 120 offices worldwide, FCB’s tenancy provides a stable and reputable income stream. FCB has a ‘Net’ lease with more than five years remaining and the remainder of the Property is owner occupied as both a living space and office with a private garage and elevator to all levels including the penthouse/rooftop.

The Property provides a rare and unique to capitalize on the option to reside or lease the upper floors while having a publicly traded company securing significant in-place cash flow. Investors and owner-users both have a strong commercial tenant with five years remaining on their lease. Should FCB vacate upon lease expiration, the building’s flexible configuration and prime location make it well-suited for a boutique live-work situation or creative office repositioning, aligning with the neighborhood’s vibrant, mixed-use character.

Situated in the heart of Fulton Market, the Property benefits from an extraordinary location surrounded by top-tier employers, world-class dining, and premier hospitality. Companies such as Google, McDonald’s, Coca-Cola, and Boston Consulting Group have chosen this neighborhood for their headquarters or regional offices, and the area’s lively restaurant and nightlife scene along Randolph Street adds further appeal. In addition, the Property enjoys excellent transit connectivity, with multiple CTA trains and bus lines, as well as proximity to major highways, ensuring ease of access to greater Chicago.

Fulton Market’s and River West’s ongoing transformation and strong economic fundamentals support the Property’s future growth potential. With over 10,000 new residential units and 5 million square feet of office space in development, the area’s demand will only continue to intensify. Exceptional demographics, including a 14% population increase since 2020 and an average household income of over $162,000, underscore the long-term appeal of this vibrant, live-work-play destination.