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Investment Highlights
- Fully leased mixed-use asset anchored by Trader Joe’s and AC Hotel Marriott.
- Reported weighted average lease term of approximately 8.1 years.
- Positioned within a major downtown retail, hospitality, and tourism district.
- Located at the intersection of Ontario Street and Rush Street in River North.
- Includes 174 structured parking spaces serving retail and hotel uses.
- Direct access to Interstate 90/94 via the Ohio/Ontario feeder corridor.
Executive Summary
Mid-America Real Estate Corporation has been exclusively retained on behalf of the owner to sell the leasehold interest in Ontario City Centre, a 100% leased, grocery-anchored mixed-use asset located in Chicago’s premier River North neighborhood. The Property is anchored by Trader Joe’s and AC Marriott, subject to a long-term ground lease.
Property Facts
| Sale Type | Investment | Building Size | 203,236 SF |
| Property Type | Hospitality | No. Rooms | 226 |
| Property Subtype | Hotel | No. Stories | 7 |
| Building Class | B | Year Built/Renovated | 1944/2014 |
| Lot Size | 1.00 AC | Corridor | Interior |
| Zoning | DX-12 - Downtown Mixed-Use District | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 203,236 SF |
| No. Rooms | 226 |
| No. Stories | 7 |
| Year Built/Renovated | 1944/2014 |
| Corridor | Interior |
| Zoning | DX-12 - Downtown Mixed-Use District |
Amenities
- Business Center
- Corner Lot
- Fitness Center
- Pool
- Wheelchair Accessible
- On-Site Retail
- High Speed Internet Access
- Air Conditioning
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 130 | $531.00 CAD | - |
| Guest Room | 96 | $386.69 CAD | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 17-10-112-012-0000 | Improvements Assessment | $359,179 CAD |
| Land Assessment | $282,652 CAD | Total Assessment | $641,831 CAD |
Property Taxes
Parcel Number
17-10-112-012-0000
Land Assessment
$282,652 CAD
Improvements Assessment
$359,179 CAD
Total Assessment
$641,831 CAD
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AC Hotel Chicago Downtown | 630 N Rush St
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