Eco Friendly
Address
937-939 W Randolph Street Chicago, IL
Price
$ 4,995,000
Property Attributes
  • MLS#10685778
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Near West Side
  • NeighborhoodWest Town
  • Zip60607
  • StyleCommercial,Office
  • Year Built1914
  • Taxes43580
  • Price$ 4,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8718
Listing Provided Courtesy Of:
RE/MAX Destiny
Property Description

The COLOVOS | SOUPOS Team, (a division of RE/MAX Destiny Commercial), as exclusive agent, is pleased to present the opportunity to acquire 937-939 W. Randolph Street, a 3 story mixed-use building located on Randolph between Sangamon and Morgan within Chicago's premier Fulton Market neighborhood. The subject property benefits from its location in the thriving West Loop, which has great exposure, located along Randolph Street's Restaurant Row and positioned one block from the upcoming Nobu Hotel and three blocks from McDonald's new Global HQ, making this property a premier retail investment. The subject property was gut rehabbed in 1998 with new electric, plumbing, tuck-pointing, stairwell and HVAC. The property is a low-maintenance, well maintained building with under market rents and shorter-term leases which allows the seasoned investor the opportunity to acquire this Legacy property and cultivate the tenant mix into a premiere mixed-use property in a trophy location. Each floor is divided into two units, with the street level consisting of a dentist and restaurant. The other four tenants range from designers, architects, web designers and corporate offices. There are two common freight elevators at the rear of the building and a common stairwell in the front of the building. It is an improved three-story brick commercial building having approximately 9,000 square feet of gross building area (GBA) above grade and there is a full, unfinished, dry basement. Located in the heart of the Chicago West Loop's "Restaurant Row" 937-939 W. Randolph offers a plethora of dining options along Randolph Street. Once known as "Skid Row", the neighborhood's International reputation as a cutting-edge gastronomic center continues to thrive & has attracted industry heavyweights like Stephanie Izard (Cabra, Girl & the Goat, Little Goat, Duck Duck Goat), Paul Kahan (The Publican, Publican Quality Meats, Blackbird, Avec), Brendan Sodikoff (Au Cheval, Green Street Smoked Meats, High Five Ramen), Sarah Grueneberg (Monteverdi), Rob Katz (Momotaro, Swift & Sons), Rick Bayless (Lena Brava and Cruz Blanca), coffee houses (La Colombe, Startbucks Reserve/Princi), bakeries (Do-Rite Donuts), food halls (TimeOut) and bars (City Winery, Bar Siena, Lone Wolf Tavern, CH Distillery, The Darling, Moneygun, Kaiser Tiger, G-Cue Billards). The area is home to Michelin Star restaurants like Smyth, Alinea, Grace, Oriole, Blackbird, Next, Mako, Yugen, and Elske. West Loop Fulton Market Hotels and Retail. The West Loop consists of over One Million rentable square feet of retail inventory both existing and under construction and boasts luxury accommodations with Soho House, Robert DeNero's future Nobu Restaurant and Hotel, Ace Hotel, Hoxton Hotel, Hyatt House, and retailers like Billy Reid, Lululemon, Free People, Anthropologie, Warby Parker, and Maria Pinto. OM available upon request.

Price History
4/8/2020 Listed $5,400,000
6/26/2020 1% - $5,349,735
8/3/2020 7% - $4,995,000

General Features

Property SubType Neighborhood Storefront
Property Type Retail/Stores
Property Type Commercial Sale
Roof Reflective Coating
Standard Status Active
Zoning COMMR

Exterior Features

Building Area Total 8718
Exterior Brick
Lot Dimensions 2906

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60607

Price
AVG $640K
$5M
Taxes
AVG $26,032
$43,580
Visits
AVG 28
19
Year Built
AVG 1952
1914
Walkscore
AVG 90
98
Data Provided by Walkscore ® not using MLS data