159 W Kinzie St Chicago, IL 60654
Vacant building in River North, ideal for redevelopment.
Type:Retail, Office, Hospitality, Mixed Use
Property size:
23,500 SFPrice / 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
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
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6333783
- Latitude
- 41.8889654
Nearby Similar for Sale
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.
