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159 W Kinzie St Chicago, IL 60654

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Vacant building in River North, ideal for redevelopment.

Type:Retail, Office, Hospitality, Mixed Use
Property size:
23,500 SF
Price / SF:
$199/SF
Added:
Jan 30, 2025
Days on Market:
446
Last Refresh:
Mar 17 at 1:13 pm

Property Features for 159 W Kinzie St

General Information

Standard status
Active
Size
23,500 SF
Property subtype
Retail, Office, Hospitality, Mixed Use

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Listing Contact
Mark Kishtow

Listing agent Mark Kishtow License #IL 471010965

Listing office Jameson Commercial Real Estate

Listing date Jan 30, 2025

Source Crexi

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 Jameson Commercial Real Estate


Overview

River North Value-Add Opportunity

Located in Chicago's Central Business District, the property at 157-159 W. Kinzie Street consists of two lots on the south side of W. Kinzie Street, approximately 125 feet west of the intersection of N. Wells Street and W. Kinzie Street. The property measures approximately 40 feet wide by 165 feet deep. Existing structures include 2-story, 3-story, and 5-story buildings on the northern and southern halves of the property, respectively, all with full-depth basements. The building is currently vacant and offered in as-is condition, presenting a value-add opportunity for remodeling to suit various potential uses. The location is suitable for Merchandise Mart exhibitors, hospitality uses, or social entertainment venues. Situated in the River North neighborhood, the area around 159 W Kinzie St features a mix of office spaces, restaurants, and entertainment. It is near the Merchandise Mart and the Chicago Riverwalk, with access to dining, retail, and cultural attractions. Marina City, the House of Blues, and Fulton Market are also nearby. The area is suitable for office building investors seeking a dynamic urban environment. The property size is 23,500 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6333783
Latitude
41.8889654

FAQs

What type of property is this?
Mixed-use property - Vacant building in River North, ideal for redevelopment.
Where is this mixed-use property located?
The property is located at 159 W Kinzie St Chicago, IL.
What is the asking price?
The asking price for this property is $4,695,000.
What are key features of this property?
This property features: 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.
More about this property
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