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    West Chicago, IL Cicero, IL Oak Park, IL
    River North Value-Add Opportunity
    Updated: Jan 30, 2025
    River North Value-Add Opportunity

    159 W Kinzie St, Chicago, IL 60654

    $4,695,000
    23,500 sqft
    Prime location in Chicago's River North neighborhood, near Merchandise Mart and Chicago Riverwalk.
    Value‑add opportunity to remodel the existing buildings for various uses.
    Suitable for Merchandise Mart exhibitors, hospitality, or social entertainment venues.
    Located within a vibrant mix of office spaces, restaurants, and entertainment.
    Includes three existing buildings: two 2‑story, one 3‑story, and one 5‑story, all with full basements.
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    This listing looks promising.

    Here's a quick look at some key insights for

    159 W Kinzie St, Chicago, IL 60654

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $397K
      Annual

    • Mortgage

      $8.63M
      Oct 2014

    • Last Sold

      Oct 2014
      $5.1M

    • Property Type

      Store, Retail Outlet
      Built 1906
    View Property Analytics
    Historic Lakeside Press Redevelopment Opportunity
    Updated: Apr 10
    Historic Lakeside Press Redevelopment Opportunity

    731 South Plymouth Court, Chicago, IL 60605

    Contact for pricing
    162,000 sqft
    Opportunity for redevelopment into residential or hospitality use in a rapidly evolving, dynamic submarket.
    Historic landmarked building in the South Loop’s ‘Printer’s Row’ district.
    Large floor plates and efficient rectangular layout ideal for renovation projects offering potential cost savings.
    Existing structure currently operating as a 343‑bed student housing facility.
    Favorable DX‑12 zoning.
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    Luxury Corporate Housing Business
    Luxury Corporate Housing Business

    9.9 Luxury Housing, Chicago, IL 60601

    $9,900,000

    Luxury corporate housing business for sale in Downtown Chicago.

    View details
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Chicago, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Landmark Mixed-Use Development Site
    Landmark Mixed-Use Development Site

    206 N Cook Street, Barrington, IL 60010

    $3,495,000
    2.01 AC lot

    Landmark downtown site with COMMR zoning, suited for hotel or mixed-use with street-level retail.

    View details
    Mixed-Use Development Land
    Mixed-Use Development Land

    206 N Cook Street, Barrington, IL 60010

    $3,495,000
    2.01 AC lot

    Zoned COMMR, this 2.01-acre downtown Barrington site offers flexibility for retail and residential uses.

    View details
    Renovated 65-Room Hotel with Indoor Pool
    Renovated 65-Room Hotel with Indoor Pool

    2235 173rd Place, Lansing, IL 60438

    $3,399,900
    56,192 sqft · 1.29 AC lot

    Renovated 1996 hotel with indoor pool, covered entry, and ample parking—well suited for hospitality operators.

    View details
    Branded Hotel with Updated Interiors
    Branded Hotel with Updated Interiors

    2255 173rd Street, Lansing, IL 60438

    $3,339,900
    48,352 sqft · 1.11 AC lot

    A 4-story Sleep Inn offering 69 rooms on a B-2 zoned site, renovated in 2014.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Homer Glen Commercial Land
    Homer Glen Commercial Land

    15551 W 143RD Street, Homer Glen, IL 60491

    $4,900,000
    14.00 AC lot

    14 acres in Homer Glen, signaled intersection, high-end commercial development.

    View details
    18.76 Acres For Redevelopment
    18.76 Acres For Redevelopment

    1500 West Lincoln Highway, New Lenox, IL 60451

    $12,500,000
    18.76 AC lot

    18.76 acres for redevelopment at I-80 and Route 30.

    View details
    Commercial Land in Cedar Lake
    Commercial Land in Cedar Lake

    13900 Alexander Street, Cedar Lake, IN 46303

    $489,500
    80,150 sqft · 1.84 AC lot

    1.84 acre commercial lot zoned B-3 in Cedar Lake.

    View details
    Cedar Lake B-3 Zoned Land
    Cedar Lake B-3 Zoned Land

    13951 Alexander Street, Cedar Lake, IN 46303

    $397,300
    1.35 AC lot

    1.35 acre B-3 zoned lot in Cedar Lake, Indiana.

    View details

    Off-Market Properties in Chicago, IL

    Consider similar Off-Market properties in Chicago, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Columbus Dr
    Casinos

    0 Columbus Dr, Chicago, IL 60601

    Value Estimation by Request
    3,000,000 sqft
    View details

    Chicago, IL Hotels Market Trends and Statistics

    Explore 4 hotels for sale in Chicago, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 15,239 square feet of properties for sale, with an estimated market value of $9,900,000.

    Sale prices for resorts in Chicago, IL start at $0.00, averaging $4,950,000, and reaching up to $9,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 10
    Motels 2

    Demographics Overview

    Population 2.91M
    Population Growth (5Y) +0.6%
    Median Household Income $76,477
    College Educated 44.3%

    High-Yield Neighborhoods for Investment

    Identify Chicago submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60601 $9.9M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Chicago fall within the 10,000+ square foot range.

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