Single-Tenant NNN Retail
For Sale
Contact for pricing
Pending
1048 W Randolph St, Chicago, IL 60607
Leased to Forno Rosso under a triple-net structure with no landlord responsibilities.
Property SizeContact for details
Days on Market146
Property Features for 1048 W Randolph St
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Chicago
Listed By:
Sean Lutz · License #IL 475132482
(312) 279-5345
Source:
Crexi
Added: Apr 10
Changed: Sep 2
Last Checked: Sep 1 at 7:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Chicago
Investment Insights
Based on property information with market context.
This offering comprises the fee-simple interest in a single-tenant retail condominium occupied by Forno Rosso. The property is subject to a 10-year triple NNN lease, with approximately 6.2 years remaining and no landlord responsibilities identified in the lease structure.
The condominium fronts the intersection of Aberdeen Street and Randolph Street in Chicago’s Fulton Market neighborhood, providing a prominent position within the surrounding commercial district. McDonald’s corporate headquarters is directly adjacent to the asset, adding an established nearby corporate presence.
The condominium fronts the intersection of Aberdeen Street and Randolph Street in Chicago’s Fulton Market neighborhood, providing a prominent position within the surrounding commercial district. McDonald’s corporate headquarters is directly adjacent to the asset, adding an established nearby corporate presence.
Key Highlights
- Fee‑simple interest in a single‑tenant retail condominium
- Forno Rosso tenancy under a 10‑year triple NNN lease
- Approximately 6.2 years of lease term remaining
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,781
Businesses Nearby
321k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 35%
Dining 32%
Groceries 16%
Hotels & Casinos 10%
Target
Superstores
112,849 visits/mo
0.5 miles
Whole Foods Market
Groceries
48,567 visits/mo
0.3 miles
Punch Bowl Social
Dining
48,113 visits/mo
0.3 miles
Hampton Inn Chicago Downtown West Loop
Hotels & Casinos
16,073 visits/mo
0.5 miles
Shake Shack
Dining
14,493 visits/mo
0.1 miles
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Leased to Forno Rosso under a triple-net structure with no landlord responsibilities.
Where is this nnn property located?
The property is located at 1048 W Randolph St Chicago, IL.
What are key features of this property?
This property features: Fee‑simple interest in a single‑tenant retail condominium; Forno Rosso tenancy under a 10‑year triple NNN lease; Approximately 6.2 years of lease term remaining
