910 W. Randolph Street

910 W. Randolph Street Chicago, IL 60607

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FOR SALE FOR LEASE Incentives
Property Type:
Power Center
Amount:
$2,490,000
Last Verified:
Jun 06, 2017

Highlights

  • Complete Rehab 2005
  • Randolph Street Exposure
  • Two Doors Down from New Bayless Restaurant
  • In Front of Last Large Development Piece
  • Steps from the CTA Pink Line
  • Easy Access to I-90/94
  • Just a block From Google & McDonald's Corporate HQ

Description

Unique three-story structure in the heart of West Loop's Restaurant Row. Subject property is situated two doors down from Rick Bayless' Leña Brava, and in front of the largest development piece left in the market. The property was completely rehabbed in 2005 with all new electrical, plumbing, & structural components for a high-end audio experience. Multiple levels, flex-core inserts, and more make this a truly unique piece on West Loop Randolph Street.

Unique three-story structure in the heart of West Loop's Restaurant Row. Subject property is situated two doors down from Rick Bayless' Leña Brava, and in front of the largest development piece left in the market. The property was completely rehabbed in 2005 with all new electrical, plumbing, & structural components for a high-end audio experience. Multiple levels, flex-core inserts, and more make this a truly unique piece on West Loop Randolph Street.

The West Loop area, a former manufacturing corridor turned art-edgy neighborhood, was a mix of factories, meat markets, and wholesale produce outlets throughout the late 1800s and most of the 1900s. Many of these businesses still thrive in the area, but the neighborhood has seen a major demographic shift over the last few decades. The factories, most of which have closed, have been converted to high-priced lofts, critically acclaimed restaurants, night clubs, art galleries, and retail boutiques. This demographic shift easily makes the West Loop one of Chicago’s most desirable neighborhoods with more development than any other area in the city. Businesses and operators such as Google, Soho House, We Work, and Uber have chosen to make their home in the West Loop. The transformation began to happen in part because of the neighborhood’s proximity to the Loop, but also because of the availability of the massive timber and beam loft buildings, which have allowed for varying creative uses.

To learn more about the area go to: www.thewestloopreport.com.


Year Built: 1877
Building Size: 4626.0sq ft
Lot Size: 0.04 acres

Units for Lease

Unit
Lease Type: NNN
Price Per Sqft/Year: $55.0

Additional URLs

Map of 910 W. Randolph Street, Chicago, IL, 60607

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.