Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1015-1021 W Lake Street (the “Property”), a 91% leased, urban infill mixed-use investment located in Chicago’s most coveted neighborhood – Fulton Market. The Property is situated just one block from Google’s Midwest HQ ‘1K Fulton’ and Randolph Street’s famed ‘Restaurant Row.’

The Property features a dynamic mix of four ground-floor retail spaces, a second-floor creative office suite, and eight residential apartments. The asset delivers strong in-place income from a diversified and e-commerce-resistant tenancy, including national QSR giant Dunkin’, boutique café Matcha Cita, leading creative agency The Brand Amp, and luxury wellness brand Wax & Skin Lounge. With only one remaining ground-floor space available for lease, investors benefit from stable cash flow and immediate upside potential through full stabilization.

Residential rents present an attractive value-add component. Current ownership has only recently begun aligning rents with market levels, as shown by a recent lease at 1021-3 that achieved an 8% year-over-year increase. Comparable units in the submarket support 10%+ rent growth with minimal capital investment, offering near-term gains for a new investor. This embedded rental upside, combined with the security of established commercial tenants, positions the property as a balanced, cash-flowing investment with room for appreciation.

Fulton Market continues to set the benchmark for urban living and business activity in Chicago. Surrounded by an impressive lineup of Fortune 500 companies, Michelin-starred restaurants, boutique hotels, and luxury residential developments, the neighborhood thrives as a premier live-work-play destination. The Property sits in a walkable, transit-rich area that draws consistent foot traffic and maintains sky-high demand from both residents and commercial tenants.

With ongoing development activity, including over 10,000 residential units and 5 million square feet of office and life science space planned or underway, the area’s trajectory remains on a steep upward curve. Strong demographics, including a 1-mile population of 71,000+ and household income of $157,000+, and excellent transit connectivity, including the CTA Green/Pink ‘L’ station at Morgan and CTA bus routes #8 and #20 within blocks of the Property, further reinforce this asset’s long-term value and appeal.