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    1052 Fulton St Chicago, IL 60607

    Sponsored
    For Sale
    $8,900,000

    Chicago storefront: Value-add opportunity.

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 15,000-square-foot mixed-use storefront in Chicago's coveted Fulton Market neighborhood presents a compelling value-add investment opportunity. Currently boasting 83% occupancy across five tenants, the property offers significant potential for increased cash flow through lease renegotiations to market rates. The building sits on a 0.12-acre lot (APN 17-08-410-005-0000) with prominent frontage on W. Fulton Street and N. Aberdeen Street, providing excellent visibility. The property's Class B designation and C1-1 zoning allow for diverse uses. The current pro-forma NOI is $612,330, yielding a 6.88% cap rate at the asking price of $8,900,000 ($593.33/sq ft). Its prime location, just 0.2 miles from the CTA Morgan Green/Pink Line 'L' station and within easy reach of Interstate 90/94 and Ogilvie Transportation Center, ensures strong accessibility. The surrounding area is experiencing substantial growth, with numerous new residential and commercial developments underway, further enhancing the property's long-term value. The Fulton Market/West Loop neighborhood's thriving restaurant scene, high-profile corporate presence, and robust demographics (51% population growth since 2010, average household income of $154,468 within a 1-mile radius, and a daytime employee population of 159,575) contribute to its exceptional investment potential. This is a rare chance to acquire a well-positioned asset in one of Chicago's most dynamic and sought-after submarkets.

    Property Features for 1052 Fulton St

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,000 SF
    Class
    B
    Lot Size
    5,227 SF

    Building Details

    Stories
    3

    HighLights

    • $8,900,000 asking price for a mixed‑use, value‑add investment property.
    • 15,000 square feet, multi‑tenant storefront with 83% occupancy and five tenants.
    • Located in Chicago's Fulton Market, a high‑growth neighborhood with strong demographics and high demand.
    • Prime corner location with excellent frontage and proximity to public transportation (CTA Green/Pink Line and major highways).
    • Pro forma cap rate of 6.88% and pro forma NOI of $612,330.
    Property Profile Location Intelligence

    Current Use by Public Records

    Semi Trailer and Flatbed ... Trailer Rental Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.654427411296
    Latitude
    41.886717018302

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    FAQs

    What type of property is this?
    Individual retail property - Chicago storefront: Value-add opportunity.
    Where is this individual retail property located?
    The property is located at 1052 Fulton St Chicago, IL.
    What is the asking price?
    The asking price for this property is $8,900,000.
    What are key features of this property?
    This property features: $8,900,000 asking price for a mixed-use, value-add investment property.; 15,000 square feet, multi-tenant storefront with 83% occupancy and five tenants.; Located in Chicago's Fulton Market, a high-growth neighborhood with strong demographics and high demand.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1052 Fulton St Chicago, IL 60607
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