deal image
1052 W Fulton MarketChicago, IL 60607
1052 W Fulton Market
Asset ClassMixed Use, Retail, Office
fulton market - owner/user - value-add retail/office
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 1052 W. Fulton Market (the “Property”), a mixed-use investment prominently located in Chicago’s Fulton Market neighborhood. The Property is situated on the northeast corner of Fulton Market and Aberdeen, and is one of the last remaining vintage properties in Fulton Market available. The Property also sits in the heart of Chicago’s most energetic design corridor with recent migration of furniture companies including MillerKnoll, KI Furniture, Allermuir, Steelcase, Herman Miller, OFS, and many others.

 

The Property includes 5,000 square feet of retail space, currently demised into two spaces, and 10,000 square feet of office space on the second and third floors. The Property includes a freight elevator and full usable basement that is currently used for additional storage and workspace with ample ceiling heightw. The corner retail space is currently owner-occupied, and the other tenants in the building is on a short-term lease. A new investor is provided an opportunity to fully reposition the Property in the near-term with market rate leases and optionality for all of the spaces. The value-add proposition and location provide significant long-term upside to the investment.

 

The Property benefits from its prime location in Chicago’s hottest submarket amongst a robust retail and design corridor, a host of world-class companies, and many acclaimed restaurants and hotels. Fulton Market / West Loop has drawn the likes of Google, McDonald’s, X, Boston Consulting Group, Mondelez, and Tock, to name a few. Fulton Market / West Loop has more than 5,000 residential units proposed and another 5.6 million square feet of proposed new office and life science space, ensuring that the neighborhood will continue to be the hottest in Chicago real estate for years to come.

 

The Property is two blocks north of Randolph Street’s ‘Restaurant Row’, which features a diverse mix of high-end retailers and trendy restaurants including Girl and the Goat, Bar Siena, Au Cheval, Formento’s, Texan Taco Bar, Gino & Marty’s, and more. Soho House, The Hoxton, and the Nobu Hotel headline the list of hospitality venues that attract crowds to Chicago’s premier live, work, play neighborhood.

 

The Property benefits from its terrific set of 1-mile demographics including a daytime employee population of 152,866 average household income of $167,970, and a median home value of $542,987.

Access the Data Room

Investment Highlights

  • Value-Add - Rare Corner Building
  • Thousands of New Apartments Delivered or Planned
  • Chicago's Hottest Neighborhood - Fulton Market
  • Chicago's Most Energetic Design Corridor
  • High Barriers to Entry
  • Superior Demographics
deal gallery image
deal gallery image
deal gallery image
1052 W Fulton MarketChicago, IL 60607
deal image

Inquire

Listing provided by LightBox Revere