Multi-Tenant Retail in West Loop

440 W Randolph St Chicago, IL 60606

Chicago
FOR SALE
Property Type:
Free Standing Building
Amount:
$3,650,000
Last Verified:
Apr 09, 2024

Highlights

  • High Profile West Loop location on Randolph St.
  • Ideal for any retail use such as a restaurant, craft brewery, social club, merchandise or art exhibition or entertainment venue.
  • Adjacent to 3 of Chicago’s prime neighborhoods: The Loop, West Loop & River North
  • Steps to the many apartments, condos and office towers
  • Heavy daily commuter traffic across from the Ogilvie Metra Entrance
  • Just 2 blocks from the Chicago Union Station
  • Onsite valet parking for up to 90 cars
  • Minimal landlord responsibilities

Description

Prime West Loop location. 440 Randolph is a vertical subdivision at the base of a 341-unit residential condo building known as Randolph Place. The location is steps from a roster of new high profile developments including 150 N. Riverside, River Point and Wolf Point West, 111 N. Canal, the Chicago River, Merchandise Mart and the new Gibson’s Italia restaurant to name a few. The property offers a total lease area of 27,639 SF consisting of approximately 19,400 SF formerly occupied by the Nine Restaurant, 7,486 SF leased to long time tenant Chicago City Spa, 753 SF leased to Downtown Cleaners plus the added value of 76 striped parking spaces in the lower level for valet parking. The restaurant space has a vaulted ceiling in the center extending to a mezzanine level. Given its loop location, 440 W. Randolph offers a great space for any retail use such as a restaurant, craft brewery, social club, merchandise or art exhibition space, or as an entertainment venue for enjoyment by the many commuters, area residents, office workers and visitors to Chicago.

West Loop

Building Size: 27639sq ft
Lot Size: 0 acres


Documents

JCOMM_MP_440WRandolph.pdf

Map of 440 W Randolph St, Chicago, IL, 60606

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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:

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  • 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.