Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1052 W. Fulton Street (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 on Fulton Market available for a repositioning with zoning that allows most uses.
The Property includes 5,000 square feet of gross retail space, currently demised into two spaces and 10,000 square feet of loft-style office space on the second and third floors. The corner retail space is currently owner-occupied, and the other tenants within the building are on short-term leases. A new investor is provided an opportunity to reposition the Property in the near-term with market rate leases and optionality for all of the spaces. The coveted 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 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, WPP, Dyson, Mondelez, and Tock, to name a few. Adjacent to the Property is Herman Miller's flagship office, the immediate area has been attracting many of the international furniture and design brands to relocate from the Merchandise Mart.
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. Within 300 feet from the Property, 732 new units just completed in 2024, with thousands more planned.
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.