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.