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    1000 Randolph St Chicago, IL 60607

    Sponsored
    For Lease
    Contact for pricing

    Randolph Street, Single-Tenant Retail Opportunity

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    1000 West Randolph Street presents a unique single-tenant retail or restaurant opportunity in Chicago's vibrant West Loop neighborhood. This exceptional property boasts a highly desirable location at the northwest corner of Randolph and Morgan Streets, offering unparalleled visibility and accessibility. Situated just one block from the new Morgan Street "L" station, this location benefits from excellent public transportation access, ensuring high foot traffic and convenient commuting for both employees and customers. The property's proximity to the Google-anchored 1KFulton development further enhances its appeal, placing it within a thriving hub of activity and attracting a diverse clientele. Furthermore, its position within a block of Randolph West and only two blocks south of 1KFulton places it in the heart of a dynamic area known for its popular destination restaurants. This section of Randolph Street, between Halsted and Ogden Avenues, is renowned for its culinary scene, creating a synergistic environment for a successful retail or restaurant venture. The property consists of 1 square foot of vacant space, ideal for a boutique concept or specialized business seeking a high-profile location in a rapidly growing area of Chicago. Cook County location.

    Property Features for 1000 Randolph St

    General Information

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

    Unit(s) available at that property

    Space
    Available Space
    Size
    1 SF

    HighLights

    • 1000 West Randolph Street offers a single‑tenant retail or restaurant space in Chicago's West Loop.
    • The property enjoys a prime corner location at Randolph and Morgan Streets, providing exceptional visibility and accessibility.
    • Its proximity to the Morgan Street "L" station ensures high foot traffic and convenient transit access.
    • The location benefits from being near the Google‑anchored 1KFulton development and Randolph West's restaurant scene.
    • The 1‑square‑foot space is ideal for a boutique business in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    sweetgreen Health Food Restaurant Chase Bank Bank

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6523212
    Latitude
    41.8846568

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    FAQs

    What type of property is this?
    Restaurant - Randolph Street, Single-Tenant Retail Opportunity
    Where is this restaurant located?
    The property is located at 1000 Randolph St Chicago, IL.
    What are key features of this property?
    This property features: 1000 West Randolph Street offers a single-tenant retail or restaurant space in Chicago's West Loop.; The property enjoys a prime corner location at Randolph and Morgan Streets, providing exceptional visibility and accessibility.; Its proximity to the Morgan Street "L" station ensures high foot traffic and convenient transit access.
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    1000 Randolph 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
    1000 Randolph St Chicago, IL 60607
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