875 N Rush St - Apartments CONDO FOR SALE


Chicago, IL 60611- Gold Coast
$19,400,000 USD
630-954-7392
875 N Rush St, Chicago, IL for Sale
$19,400,000 USD
Apartments CONDO - FOR SALE
1/15
null | 6.5% Cap Rate

875 N Rush St
Chicago, IL 60611
Gold Coast


HIGHLIGHTS

  • Ground floor tenants: Peter Millar, PNC Bank
  • Second floor tenants: Bella Bianca Bridal Couture, Peachy Studio
  • Located in the Gold Coast

OVERVIEW

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell a two-story flagship retail property located at the heart of the Gold Coast’s iconic Rush Street luxury retail corridor. The offering presents the opportunity to acquire an irreplaceable asset leased to Peter Millar’s Midwest flagship retail store which generates sales in excess of $1,600 PSF, PNC Bank, a cosmetic med spa, and an upscale bridal fashion retailer with the ability to increase the income stream through the lease up of the remaining vacancy and marking tenant option rents to market

FOR SALE DETAILS

PRICE

$19,400,000 USD

PRICE/SF

$1,038 USD /SF

CAP RATE

6.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gold Coast Flagship Retail

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

379,077 SF

STORIES

42

BUILDING CLASS

A

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

224

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

PD 630

APN/PARCEL ID

17-03-217-015-1022

ASK ABOUT THIS PROPERTY

Joe GirardiMid-America Real Estate Corp.More Info
630-954-7392

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Joe GirardiMid-America Real Estate Corp.More Info
630-954-7392

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.