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954 W Monroe St Chicago, IL 60607

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For Sale
$1,300,000

2,518 SF retail condo in Chicago's West Loop.

Property size:
2,518 SF

Property Features for 954 W Monroe St

General Information

Size
2,518 SF

Building Details

Year built
2005

Source: Nicholas Manganais Agent Nicholas Manganais

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

West Loop Retail Condo For Sale

This street-level retail condo unit is located at the lighted intersection of Monroe and Morgan in Chicago’s West Loop, adjacent to the Fulton Market area. The 2,518 square feet property is located at the base of the 101-unit 950 Monroe condo building, constructed in 2005. The property includes two interior parking spaces. The tenant exercised its second 5-year extension in June of 2024, extending the lease term to May 31, 2030. In September 2024, the tenant decided to close this store along with 500 other stores. The store is presently dark with rent payable until May of 2030. The tenant leases two indoor heated parking spaces and pays condo association dues, real estate taxes, and all utilities. The location is in downtown Chicago's West Loop.
Location Intelligence

Current Use by Public Records

7-Eleven Convenience Store Cardtronics Atm Western Union Money Transfer Service

Suggested Use

Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Mariano's Tastemaker Kitchen, Target Grocery, Nuts on Clark, Miracle Foods Global, Joomak - Popup

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.651452
Latitude
41.880634

FAQs

What type of property is this?
Grocery and convenience store - 2,518 SF retail condo in Chicago's West Loop.
Where is this grocery and convenience store located?
The property is located at 954 W Monroe St Chicago, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: - Corporate NNN lease with rent payable by 7-Eleven until May 31, 2030, despite the store being currently dark.; - Prime location in Chicago's trendy West Loop, adjacent to the Fulton Market area.; - Investment-grade tenant (7-Eleven) with A and Baa2 ratings.
More about this property
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