Fulton Market Freestanding
114 N Aberdeen St Chicago, IL 60607
114 N Aberdeen St, Chicago, IL, 60607
Contact for pricing
For Sale
Contact for pricing
Pending
8,500 SF three-level building in Fulton Market for sale.
Property Size8,500 SF
Days on Market774
Property Features for 114 N Aberdeen St
General Information
- Standard status
- Pending
- Size
- 8,500 SF
- Property subtype
- Mixed Use
Listing agency
Goldstreet Partners LLC
(312) 852-5526
Listed by
David Goldberg · License #IL
Source
Crexi
Added: Jun 9, 2024 Updated: Jul 6 at 8:10AM Checked: Jul 21 at 10:24AM
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 Goldstreet Partners LLC
Investment Insights
Based on property information with market context.
This 8,500 SF three-level building is located in the heart of Fulton Market. The property offers 2,110 SF of prime ground-floor retail space and 2,041 SF of lower-level space. The building combines historic architecture with modern functionality. Zoned DX-3, the property is surrounded by national retailers, tech firms, and luxury residential developments. It is located steps from Google’s HQ and top Fulton Market destinations, in a highly walkable, design-forward district. The property is suitable for flagship retail, showroom, gallery, or experiential concepts.
Key Highlights
- Prime Fulton Market Location: Freestanding building in a highly desirable, walkable area near Google HQ and top destinations.
- High‑Value DX‑3 Zoning allows for diverse commercial uses.
- Substantial Square Footage: 8,500 SF three‑level structure with significant ground‑floor (2,110 SF) and lower‑level (2,041 SF) space.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $255.0k | $30.00 |
| − Vacancy | −$25.5k | −$3.00 |
| EGI | $229.5k | $27.00 |
| − OpEx | −$86.1k | −$10.13 |
| NOI | $143.4k | $16.88 |
8,500 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.05M
$1.79M – $2.39M
NOI $143,438 @ 7.0% cap · market cap 3.34%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,596 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,541 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tom Tresser
Association Or Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 8,500 SF three-level building in Fulton Market for sale.
Where is this mixed-use property located?
The property is located at 114 N Aberdeen St Chicago, IL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Prime Fulton Market Location: Freestanding building in a highly desirable, walkable area near Google HQ and top destinations.; High‑Value DX‑3 Zoning allows for diverse commercial uses.; Substantial Square Footage: 8,500 SF three‑level structure with significant ground‑floor (2,110 SF) and lower‑level (2,041 SF) space.
