657 W Fulton St - Fulton Place

5,142 SF Retail Unit Offered at £2,691,577 in Chicago, IL 60661

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 - -
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (95)
Bike Score®
Very Bikeable (88)

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Oven
  • Tub/Shower

ZONING

Zoning Code DX-7 (DX-7 zoning allows for most types of uses)
  • Listing ID: 34594815

  • Date on Market: 24/01/2025

  • Last Updated:

  • Address: 657 W Fulton St, Chicago, IL 60661