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    177-185 Morgan St Chicago, IL 60607

    For Lease
    Contact for pricing

    Prime Chicago Retail Space, 1 sq ft.

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    177-185 N. Morgan Street presents a unique retail investment opportunity in Chicago's vibrant Fulton Market district. This single-tenant property boasts a total of 1 square foot of retail space, ideally situated in a high-traffic area. The location is exceptionally convenient, directly adjacent to the Morgan "L" Station, a key transportation hub that opened in 2012 and significantly contributed to the area's rapid growth and popularity. The property benefits from its proximity to a diverse range of businesses and amenities, including the established presence of Shake Shack, a major anchor tenant in the immediate vicinity. This prime location within Fulton Market, known for its thriving retail, residential, hospitality, and office sectors, ensures high visibility and significant foot traffic. The property's Cook County location further enhances its appeal to investors seeking exposure to a dynamic and rapidly developing market. This exceptional opportunity is perfect for a discerning investor seeking a foothold in one of Chicago's most sought-after commercial districts. The property's small size presents a unique opportunity for a specialized retail use or a strategic addition to a larger portfolio. The address is 177-185 N Morgan St, Chicago, IL 60607.

    Property Features for 177-185 Morgan St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    1 SF

    HighLights

    • 177‑185 N. Morgan St, Chicago, IL 60607: A 1,000 square foot single‑tenant retail property in Fulton Market.
    • High‑traffic location adjacent to the Morgan "L" station.
    • Strong surrounding businesses, including Shake Shack.
    • Prime location in the thriving Fulton Market district.
    • Excellent investment opportunity in a rapidly developing Cook County market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6519556
    Latitude
    41.8851893

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    FAQs

    What type of property is this?
    Retail property - Prime Chicago Retail Space, 1 sq ft.
    Where is this retail property located?
    The property is located at 177-185 Morgan St Chicago, IL.
    What are key features of this property?
    This property features: 177-185 N. Morgan St, Chicago, IL 60607: A 1,000 square foot single-tenant retail property in Fulton Market.; High-traffic location adjacent to the Morgan "L" station.; Strong surrounding businesses, including Shake Shack.
    Request Owner's contact information
    177-185 Morgan St Chicago, IL 60607
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    Chicago, IL 60607
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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
    177-185 Morgan St Chicago, IL 60607
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