159 W Kinzie St, Chicago, IL 60654

Building Details

Year Built

1907

Listing office Jameson Commercial Real Estate m***@yahoo.com Show Phone

Listing date Jan 30, 2025

Source Crexi

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Overview

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.

Suggested Use

(Bike/Boat/Book/etc) Store Buffet Restaurant Adult Day Care Pet Grooming Service Clothing & Fashion Store Butcher (Bike/Boat/Book/etc) Store Nursing Home Tattoo & Piercing Shop

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

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6333783

Latitude

41.8889654

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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.