1052 W Fulton St
Chicago, IL 60607
Premier Value Add Corner · Bureau Propriété À vendre

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1052 W. Fulton Market (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 in Fulton Market available for a redevelopment in the heart of Chicago’s most energetic design corridor.
The Property includes 5,000 square feet of retail space, currently demised into two spaces, and 10,000 square feet of office space on the second and third floors. The Property includes a freight elevator and full usable basement that is currently used for additional storage and workspace with ample ceiling height. The corner retail space
is currently owner-occupied, and the other tenant in the building is on a short-term lease. A new investor is provided an opportunity to fully reposition the Property in the
near-term with market rate leases and optionality for all of the spaces. The value-add proposition and 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, X, Boston Consulting Group, Mondelez, and Tock, to name a few. 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, ensuring that the
neighborhood will continue to be the hottest in Chicago real estate for years to come.
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.
The Property benefits from its terrific set of 1-mile demographics including a daytime employee population of 152,866 average household income of $167,970, and a median
home value of $542,987.