657 W Fulton St - Fulton Place
5,142 SF Retail Unit Offered at £2,691,577 in Chicago, IL 60661
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INVESTMENT HIGHLIGHTS
- Highly desirable Fulton Market corner retail condo property with excellent exposure located at the base of a luxury condo development.
- 15 year initial lease term with over 8 years remaining, scheduled annual rent increases and one 5-year renewal option at the then Market Rent.
- In the immediate vicinity of high density luxury residential existing/planned/under construction projects.
- Fully stabilized, low maintenance and easy to manage STNL investment opportunity leased to international daycare operator Kids & Company.
- Surrounded by high-profile Fulton Market HQs including Google, McDonald’s, WPP, Tik Tok, Ernst & Young, John Deere, Aspen Dental etc.
- Easily accessible to public transportation via Clinton CTA Station and easy access to/from I-90/94.
EXECUTIVE SUMMARY
Ground Floor Commercial Condo STNL Investment Opportunity with 3 deeded parking spaces.
PROPERTY FACTS
Price | £2,691,577 |
Unit Size | 5,142 SF |
No. Units | 1 |
Total Building Size | 110,698 SF |
Property Type | Multifamily (Unit) |
Property Subtype | Apartment |
Sale Type | Investment |
Building Class | B |
Number of Floors | 7 |
Typical Floor Size | 11,000 SF |
Year Built | 2007 |
Lot Size | 0.66 AC |
1 UNIT AVAILABLE
Unit Kids & Co
Unit Size | 5,142 SF |
Price | £2,691,577 |
Price Per SF | £523.45 |
Unit Use | Retail |
Sale Type | Investment |
No. Parking Spaces | 3 |
APN/Parcel ID | 17-09-312-011-0000 |
DESCRIPTION
The ground floor corner retail condo located at 657 W Fulton Market offers a prime investment opportunity with high visibility at the base of a 75-unit condo development. The property is 100% leased to the international daycare operator Kids & Company, which has 170 locations across the U.S. and Canada. The lease has over 8 years remaining on a 15-year initial term, with scheduled annual rent increases and a 5-year renewal option. The 5,142 SF commercial condo includes three deeded parking spaces and is surrounded by major corporate headquarters and luxury residential developments. The property benefits from excellent transportation access via the Clinton CTA Station and nearby I-90/94.
SALE NOTES
Ground floor commercial condo also includes three (3) deeded parking spaces.
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UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
---|---|---|---|
2+1 | 159 | - | - |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Tub/Shower
ZONING
Zoning Code | DX-7 (DX-7 zoning allows for most types of uses) |