159 Kinzie St Chicago, IL 60654
- Retail space
- 18,400 SF
- 0.04 lot acres
Current Use by Public Records
- Retail space
Property Details for 159 Kinzie St
- Year built
- 1906
- Lot size
- 0.04 lot acres
- Property size
- 18,400 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 17-09-404-005
- APU
- 1709404005
Description
This exceptional Chicago property, located at 159 W Kinzie St, presents a compelling value-add investment opportunity. The 23,500 square foot building sits on a 6,600 square foot lot and offers a versatile layout suitable for various uses, including bar, executive office, and creative office spaces. Currently vacant, this five-story structure, built in 1907, is zoned DC-12, providing flexibility for adaptive reuse. Its prime location in the heart of River North, within walking distance of the Merchandise Mart and public transportation (Brown, Purple, and L lines), offers unparalleled access to Chicago's central business district and its vibrant amenities. The property benefits from a strategic position near the Chicago River, surrounded by restaurants, bars, and residential buildings. Significant value-add potential exists, highlighted by the presence of loading docks and full-depth basements, allowing for creative expansion and modernization. The asking price is $5,695,000. This property represents a rare chance to acquire a substantial mixed-use building in one of Chicago's most sought-after neighborhoods. The APN is 17-09-404-005-0000
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6334
- Latitude
- 41.889
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
