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440 W Randolph St

27,639 SF Retail Condo Unit Offered at $3,650,000 in Chicago, IL 60606

Investment Highlights

  • Vacant First Floor Commercial Space Ideal for a First Class Restaurant
  • Surrounded by many Loop Apartments, Condos, and OfficeTowers
  • Huge Value-Add Potential with Opportunity to Reconfigure Existing Tenant Layouts

Property Facts

Price $3,650,000
Unit Size 27,639 SF
No. Units 1
Total Building Size 27,639 SF
Property Type Retail (Condo)
Property Subtype Storefront Retail/Office
Sale Type Investment
Building Class B
Floors 2
Typical Floor Size 13,820 SF
Year Built 2012
Lot Size 1.31 AC
Parking Ratio 0.18/1,000 SF

1 Unit Available

Unit 100

Unit Size 27,639 SF
Price $3,650,000
Price Per SF $132.06
Condo Use Retail
Sale Type Investment
Cap Rate 7.44%
NOI $271,556
Description

440 Randolph is a vertical subdivision at the base of a 341-unit residential condo building knows as Randolph Place. The property offers a total lease area of 27,639 SF consisting of approximately 19,400 SF formerly occupied by the Nine Restaurant, 7,486 SF leased to long time tenant Chicago City Spa, 753 SF leased to downtown cleaners plus the added value of 76 striped parking spaces, with the potential to valet park up to 90 cars in the lower level

Sale Notes

The location is steps from a roster of high profile developments including 150 N. Riverside, River Point and Wolf Point West, 111 N Canal, The Chicago River, Merchandise Mart, and Gibson’s Italia Restaurant to name a few. Given it’s Loop location, 440 W. Randolph offers a great space for hospitality uses, including bar & restaurant, event and showroom space or social entertainment venues for enjoyment by the many commuters, area residents, office workers, and visitors to Chicago

Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Five Guys
Naf Naf Grill
Chase Bank
Starbucks
Great Steak
Yolk
Citi
Cyclebar
Old National Bank
freshii
  • Listing ID: 33459025

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 440 W Randolph St, Chicago, IL 60606

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