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Trio Retail Center 328 N Desplaines St 10,316 SF 100% Leased Retail Building Chicago, IL 60661 For Sale 6% Cap Rate
EXECUTIVE SUMMARY
The Trio Retail Center is located at 328 N. Des Plaines Street, Chicago, IL 60661, in the Fulton River District near the West Loop. It is a mixed-use development featuring 10,253sf of retail space (subject property) with residential units above, with high visibility at a signalized intersection and proximity to the Clinton Station (Green and Pink Lines) and Grand Avenue Station (Blue Line).
Immerse yourself in the vibrant energy of Chicago's West Loop, where the Trio Retail Center is ideally located. This bustling neighborhood is renowned for its thriving culinary scene, trendy boutiques, and innovative businesses. Nearby, the iconic Willis Tower offers unparalleled views, while the bustling Randolph Street Market District provides an eclectic array of dining and entertainment options. With the acclaimed United Center and the Chicago Riverwalk just a short distance away, the area promises a dynamic mix of culture and commerce. Perfectly positioned for retail and lifestyle center investors, this prime location offers endless opportunities to tap into the pulse of Chicago's urban vitality.
Immerse yourself in the vibrant energy of Chicago's West Loop, where the Trio Retail Center is ideally located. This bustling neighborhood is renowned for its thriving culinary scene, trendy boutiques, and innovative businesses. Nearby, the iconic Willis Tower offers unparalleled views, while the bustling Randolph Street Market District provides an eclectic array of dining and entertainment options. With the acclaimed United Center and the Chicago Riverwalk just a short distance away, the area promises a dynamic mix of culture and commerce. Perfectly positioned for retail and lifestyle center investors, this prime location offers endless opportunities to tap into the pulse of Chicago's urban vitality.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,316 SF
Building Class
B
Year Built
2008
Cap Rate
6%
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.46 AC
Zoning
B3-3
Parking
30 Spaces (2.91 Spaces per 1,000 SF Leased)
Frontage
153’ on N Desplaines St
AMENITIES
- Bus Line
- Signalized Intersection
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (89)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 17-09-301-002-0000 | Improvements Assessment | $46,744 CAD |
| Land Assessment | $1,962,974 CAD | Total Assessment | $2,009,718 CAD |
PROPERTY TAXES
Parcel Number
17-09-301-002-0000
Land Assessment
$1,962,974 CAD
Improvements Assessment
$46,744 CAD
Total Assessment
$2,009,718 CAD
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Trio Retail Center | 328 N Desplaines St
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