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Investment Highlights

  • Value-add opportunity to remodel for a multitude of potential uses.
  • The building is an Excellent alternative for Merchandise Mart exhibitors, hospitality uses or social entertainment venues.
  • All existing buildings have full-depth basements.

Executive Summary

The building is currently vacant. Ownership is offering the builing in an as-is condition giving the purchaser a value-add opportunity to remodel for a multitude of potential uses. The property (encompassing two Lots at 157 - 159 W. Kinzie Street) is located in the Chicago Central Business District on the south side of W. Kinzie Street, approximately 125 feet west of the southeast intersection of N. Wells Street and W. Kinzie Street. The property has overall dimensions of approximately 40-feet wide by 165 feet deep. There are existing 2-story and a 3-story buildings located on northern-half of the property and a 5-story building located on the southern-half. All existing buildings have full-depth basements. The building is currently vacant. Ownership is offering the building in an as-is condition giving the purchaser a value-add opportunity to remodel for a multitude of potential uses. Given the location, the building is an Excellent alternative for Merchandise Mart exhibitors, hospitality uses or social entertainment venues.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
23,500 SF
Building Class
B
Year Built
1890
Price
$6,484,734 CAD
Price Per SF
$275.95 CAD
Tenancy
Multiple
Building Height
3 Stories
Loading Docks
1 Exterior
Building FAR
3.56
Lot Size
0.15 AC
Zoning
DC-12
Frontage
60’ on Kinzie St

Amenities

  • Commuter Rail
  • Signage
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100

Nearby Major Retailers

SoulCycle
Mayweather Boxing + Fitness
Starbucks
Huntington National Bank
PNC Bank
Wells Fargo
Bank of America
Chase Bank
Protein Bar & Kitchen
Denny's

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 17-09-404-005-0000
  • 17-09-404-006-0000
  • 17-09-404-007-0000
Land Assessment
$663,156 CAD
Improvements Assessment
$1,047,788 CAD
Total Assessment
$1,710,944 CAD
  • Listing ID: 36701616

  • Date on Market: 2025-07-11

  • Last Updated:

  • Address: 159 W Kinzie St, Chicago, IL 60654

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