1220 Lk St Chicago, IL 60607-1602
This exceptional 12,394-square-foot single-tenant retail space is located at 1220 West Lake Street in Chicago's vibrant Fulton Market submarket. Situated on a 0.29-acre lot, this property offers unparalleled flexibility for a wide range of uses, catering to office, retail, or industrial needs. The M2-3 zoning allows for diverse development options. The entire building is currently vacant, presenting a unique opportunity for a business to establish a significant presence in this highly sought-after area. The building's exterior is adaptable to rebranding, allowing for complete customization to reflect a tenant's specific identity. This prime location in the West Loop provides excellent visibility and accessibility, benefiting from the area's thriving commercial activity and strong pedestrian traffic. The property's address is 1220 W Lake St, Chicago, IL 60607. This is a chance to create a truly impactful space in one of Chicago's most dynamic neighborhoods. The property's size and zoning provide a blank canvas for a creative and successful business venture. The building's adaptability makes it an ideal choice for businesses seeking a unique and customizable space in a prime location. This is a rare opportunity to secure a substantial footprint in the heart of the Fulton Market district.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.