233 W. Huron Northwest Corner
| 217 W. Huron, Exterior View of Allen's Restaurant |
DESCRIPTION
High profile corner retail space available for sale or for lease in a prime downtown
Chicago River North location. This space is on the first floor of a 6-story timber loft
building that was recently converted to condos. This commercial condo that is part
of a separate commercial condominium association that has no responsibility for
any costs associated with the residential units. All of the other commercial spaces
in the building have all been leased and/or sold to a variety of high-end
businesses including a new restaurant from Graham Elliot Bowles, Hair Loft, Aldo
Castillo and David Leonardis art galleries, Lee Weitzman Furniture and Tragara
Furniture showrooms, and Fabre/fleur florist shop. This is a tremendous retail and
investment opportunity with retail rents appreciating by over 5% per year in this
market.
PROPERTY DETAILS
This building is on the southeast corner of Huron and Franklin in the heart of the
gallery district in the trendy River North neighborhood in downtown Chicago. It has
great access to the Expressways (2 blocks to the Ohio feeder ramp) and the
subway (two blocks north) and is surrounded by numerous parking lots. The area
population continues to grow rapidly as a result of many new residential
developments, including conversions of older industrial buildings into residential
and/or office lofts, new mid-rise condo buildings and high-end single family
construction.
PROPERTY DETAILS
SQ FT: 8,037 square feet, potentially divisible into 2 units
SALE PRICE: $2,850,000 ($355/SF)
LEASE RATE: $35.00/SF, triple net
CAM & Taxes: approx. $3.50/ft (2007), projected at approx. $10/ft in 2008
FRONTAGE: 285’
CONSTRUCTION: Heavy timber with 12’ ceilings and 16’ x 16’ column spacing.
ZONING: PD (Planned Development #326)
PARKING: numerous public parking lots within a block and extensive metered
street parking
AVAILABILITY: 30-60 days
High profile corner retail space available for sale or for lease in a prime downtown
Chicago River North location. This space is on the first floor of a 6-story timber loft
building that was recently converted to condos. This commercial condo that is part
of a separate commercial condominium association that has no responsibility for
any costs associated with the residential units. All of the other commercial spaces
in the building have all been leased and/or sold to a variety of high-end
businesses including a new restaurant from Graham Elliot Bowles, Hair Loft, Aldo
Castillo and David Leonardis art galleries, Lee Weitzman Furniture and Tragara
Furniture showrooms, and Fabre/fleur florist shop. This is a tremendous retail and
investment opportunity with retail rents appreciating by over 5% per year in this
market.
PROPERTY DETAILS
This building is on the southeast corner of Huron and Franklin in the heart of the
gallery district in the trendy River North neighborhood in downtown Chicago. It has
great access to the Expressways (2 blocks to the Ohio feeder ramp) and the
subway (two blocks north) and is surrounded by numerous parking lots. The area
population continues to grow rapidly as a result of many new residential
developments, including conversions of older industrial buildings into residential
and/or office lofts, new mid-rise condo buildings and high-end single family
construction.
PROPERTY DETAILS
SQ FT: 8,037 square feet, potentially divisible into 2 units
SALE PRICE: $2,850,000 ($355/SF)
LEASE RATE: $35.00/SF, triple net
CAM & Taxes: approx. $3.50/ft (2007), projected at approx. $10/ft in 2008
FRONTAGE: 285’
CONSTRUCTION: Heavy timber with 12’ ceilings and 16’ x 16’ column spacing.
ZONING: PD (Planned Development #326)
PARKING: numerous public parking lots within a block and extensive metered
street parking
AVAILABILITY: 30-60 days
| 233 W. Huron South West Corner |
| 233 W. Huron Ambiente Furniture |
| 233 W. Huron Ambiente North View |
| 233 W. Huron Ambiente South View |
| Keith E. Lord Office: 312.944.6270 Fax: 312.944.3759 keithlord@lordcompanies.com |
| Scott Fithian Direct: 773.404.4314 Office: 312.944.6270 Fax: 312.944.3759 scottf@lordcompanies.com |
| 217 W. Huron Interior View of Allen's Seating |
CROSS STREETS: HURON & WELLS
FOR SALE AND/OR FOR LEASE
PRIME RETAIL/COMMERCIAL SPACE
PRIME RETAIL/COMMERCIAL SPACE
NEIGHBORHOOD: RIVER NORTH
217 - 233 W. HURON
| 217 W. Huron Interior View of Allen's Bar |
| 217 W. Huron Interior view of Allen's Private Dinning |
THE LORD COMPANIES, L.L.C.
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