223 W Lake St, Chicago, IL, 60606

223 W Lake St Chicago, IL 60606

223 W Lake St, Chicago, IL, 60606
223 W Lake St, Chicago, IL, 60606 223 W Lake St, Chicago, IL, 60606
FOR SALE
Property Type:
Street Retail
Amount:
$850,000
Last Verified:
Dec 16, 2024

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Highlights

  • Prime 223 W Lake St location
  • Spacious 4,316 SF building
  • Ideal for retail/street retail investment
  • High visibility for foot traffic
  • Ample space for retail displays
  • Attractive storefront for customer appeal

Description

Discover the exceptional investment potential of 223 W. Lake Street, a premier first-floor commercial space situated in the bustling downtown Loop. Offering 4,316 square feet of flexible space within an early 1980s mixed-use property, this location is a blank canvas ready to transform into an inspiring creative office or a dynamic retail showroom.

Boasting a highly sought-after Lake Street address, this property is surrounded by the vibrant energy of Chicago's central business district, with unparalleled foot traffic and proximity to transportation hubs. The expansive floor plan provides the versatility to cater to various business needs, from modern collaborative workspaces to captivating retail environments that draw customers in.

Whether you're a business owner seeking a strategic location, a real estate investor aiming to maximize returns, or an asset manager looking to diversify into Chicago's thriving market, 223 W. Lake Street presents an unmatched opportunity to establish a presence in one of the city's most dynamic corridors.

Seize this chance to secure a property that blends prime location, adaptability, and growth potential—all in the heart of Chicago.

Discover the vibrant energy of Chicago's West Loop, where the property is nestled amongst a thriving mix of business, dining, and cultural attractions. Boasting a bustling atmosphere, the area is renowned for its renowned dining scene, with acclaimed restaurants and trendy eateries just steps away. Investors will appreciate the proximity to major corporations, transportation hubs, and the renowned Chicago Riverwalk. Showcasing a perfect balance of work and play, the neighborhood is a prime destination for prospective office building investors seeking a dynamic and sought-after location in the heart of Chicago.


Year Built: 1985
Building Size: 4316sq ft
Lot Size: 0 acres


Documents

223WLakeStreet_FullMarketing_Package.pdf

Map of 223 W Lake 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:

  • 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.