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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 | Building Class | B |
Unit Size | 27,639 SF | Floors | 2 |
No. Units | 1 | Typical Floor Size | 13,820 SF |
Total Building Size | 27,639 SF | Year Built | 2012 |
Property Type | Retail (Condo) | Lot Size | 1.31 AC |
Property Subtype | Storefront Retail/Office | Parking Ratio | 0.18/1,000 SF |
Sale Type | Investment |
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 | Sale Type | Investment |
Price | $3,650,000 | Cap Rate | 7.44% |
Price Per SF | $132.06 | NOI | $271,556 |
Condo Use | Retail |
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
Nearby Major Retailers
Presented by
440 W Randolph St
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