114-120 N Halsted St - Storefront Retail/Office CONDO FOR SALE


Chicago, IL 60661- Fulton Market
$2,900,000 USD
913-909-9529
114-120 N Halsted St, Chicago, IL for Sale
$2,900,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/1
null | 7.55% Cap Rate

114-120 N Halsted St
Chicago, IL 60661
Fulton Market


HIGHLIGHTS

  • 100 percent occupied, NNN structure across all suites with scheduled annual rent escalations that enhance cash flow over time.
  • 5.2-year weighted average lease term and approximately 11-year average tenant tenure support income stability.
  • Service-heavy, e-commerce-resistant tenancy aligns with neighborhood demand near Randolph Street’s Restaurant Row.
  • Exceptional access to transit, including the Morgan CTA station and I-90/94, expanding the customer and employee catchment.
  • Strong urban fundamentals with robust demographics and proximity to major employers that drive consistent foot traffic.
  • Offered at a reported in-place cap rate of 7.55 percent on NOI of $219,026 at a $2,900,000 ask.

OVERVIEW

CBRE presents an opportunity to acquire the 100% fee-simple interest in 114-120 N. Halsted Street, a fully leased urban infill retail investment in Chicago’s Fulton Market / West Loop neighborhood. This ±4,900 sq ft, three-tenant commercial condo, steps from Randolph Street, is leased to Aqua Wine and Spirits, Love You Nail Studio, and Healthy Zu Spa. It features a 5-year weighted average lease term and 2.5-3% annual rent increases. The property benefits from a prime location in Chicago’s robust retail corridor, home to corporate giants like Google and McDonald’s, numerous acclaimed restaurants, and hotels. Fulton Market / West Loop is experiencing significant expansion with over 10,000 new residential units and 5 million sq ft of office/life science space proposed or under construction, ensuring continued demand.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$592 USD /SF

CAP RATE

7.55%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

7,500 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,586 SF

ZONING

DX-5

APN/PARCEL ID

17-08-442-018-0000

ASK ABOUT THIS PROPERTY

913-909-9529

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913-909-9529

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