Overview
West Loop Retail Storefront Building
Located in Chicago's West Loop neighborhood, this four-unit storefront retail building is at the base of a 75-unit, 6-story condominium building. The property is situated at the southeast corner of Jackson Blvd & Halsted Street, specifically in Greek Town. The storefronts total 11,522 square feet and are 100% occupied. The location is within a densely populated neighborhood with 67,000 residents within a one-mile radius and 450,000 residents within a three-mile radius. The property is part of a thriving community with an average household income of over $144,000 within one mile. The property is situated along both Jackson Blvd and Gladys Ave, just west of the Kennedy Expressway (Interstate-90 & Interstate-94) and within two blocks of the Interstate 90/94 and Interstate-290 interchange. The property has excellent transportation options nearby, including Union Station, Ogilvie Transportation, the UIC Halsted Blue Line Station, and the Quincy Brown, Orange, Pink and Purple Line Stations. All four tenants have lease terms through at least April 2026, including three tenants with terms into 2028. Current tenants include Philly's Best Greek Town, Headrest Barber, Xi'an Cuisine, and Kids Stem Studio. The property is also within close proximity to a number of schools and hospitals including University of Illinois-Chicago, Rush University, Rush Medical Center and Whitney M. Young Magnet High School. Neighboring retailers include Whole Foods, Mariano’s, Target, Chicago’s French Market, Revival Food Hall, Walgreen’s, CVS/Pharmacy, Ulta Beauty, Zen Leaf, 7-Eleven, FFC West Loop, Starbucks, and Potbelly, among many others. The property produces an NOI of approximately $148,337.
