159 W Kinzie St, Chicago, IL, 60654

159 W Kinzie St Chicago, IL 60654

159 W Kinzie St, Chicago, IL, 60654
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$5,695,000
Last Verified:
Oct 04, 2024

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Description

The property (encompassing two Lots at 157 - 159 W. Kinzie Street) is located in the Chicago Central Business District on the south side of W. Kinzie Street, approximately 125 feet west of the southeast intersection of N. Wells Street and W. Kinzie Street.

The property has overall dimensions of approximately 40-feet wide by 165 feet deep. There are existing 2-story and a 3-story buildings located on northern-half of the property and a 5-story building located on the southern-half. All existing buildings have full-depth basements. The building is currently vacant. Ownership is offering the building in an as-is condition giving the purchaser a value-add opportunity to remodel for a multitude of potential uses.

Given the location, the building is an Excellent alternative for Merchandise Mart exhibitors, hospitality uses or social entertainment venues.

Located in the heart of Chicago's bustling River North neighborhood, the area surrounding the property at 159 W Kinzie St offers a vibrant mix of office spaces, restaurants, and entertainment options. Just steps away from the iconic Merchandise Mart and the Chicago Riverwalk, the location provides easy access to a multitude of dining, retail, and cultural attractions. Nearby, professionals can explore popular destinations like Marina City, the House of Blues, and the upscale eateries of Fulton Market. With its central positioning, the area is a prime choice for office building investors seeking a dynamic and energetic urban environment.


Year Built: 1907
Building Size: 23500sq ft
Building Class: C
Lot Size: 0 acres


Documents

JCOMM_159Kinzie_MarketingPackage.pdf

Map of 159 W Kinzie St, Chicago, IL, 60654

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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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