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    160 N Halsted St Chicago, IL 60661

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    160 N Halsted St Chicago, IL 60661

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    • Residential income homes
    • 5,625 SF
    • 0.07 lot acres
    For Lease
    $565,000
    View Listing →
    Fulton Market Retail Space Available For Lease
    $565,000
    5,550 SF

    Fulton Market Retail Space Available

    Retail space for lease in Fulton Market District.

    160 N Halsted St, Chicago, IL 60661
    View Listing
    Property ID
    US28-0912108
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $565,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 160 N Halsted St

    Year built
    1881
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    5,625 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    17-08-434-016
    APU
    1708434016

    Description

    This exceptional three-story retail property, located at 160 N Halsted St in Chicago's coveted Fulton Market District, offers a total of 5,550 square feet of commercial space. Currently fully vacant, this Cook County property presents a unique opportunity for multiple tenants or a single large occupant. The building is comprised of three separate suites, each measuring 1,850 square feet, allowing for flexibility in lease terms and tenant configurations. Each suite can be leased individually, providing options for businesses of varying sizes. The building's prime corner location within the nationally renowned Fulton Market District ensures high visibility and foot traffic, making it an ideal location for a variety of retail or restaurant concepts. The address is 160 N Halsted St, Chicago, IL 60661. With its impressive size and desirable location, this property is poised to attract significant interest. The building's three stories provide ample space for a variety of uses, and the multiple suite configuration offers flexibility for different business needs. This is a rare opportunity to secure a prominent retail space in one of Chicago's most dynamic and sought-after neighborhoods. The total building square footage is 5,550 square feet, with a minimum divisible space of 1,850 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $716,000
      Market price range: $567k - $1.38M
      AI Estimate
      $587,000
      Market price range: $587k - $955k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $820,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6478
    Latitude
    41.8849
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,732
    $15,550
    $36,450
    $52,000
    -
    $155,500
    $364,500
    $520,000

    Comparable in this City

    • Value Estimation
      $3,205,000
      14,300 SF

      321 Jefferson St

      APARTMENT HOUSE (UNDER 5 UNITS) • 14,300 SF
      321 Jefferson St, Chicago, IL 60661-1125
      View Details
    • Value Estimation
      $1,870,000
      7,125 SF

      216 Halsted St

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,125 SF
      216 Halsted St, Chicago, IL 60661-1024
      View Details
    • Value Estimation
      $670,000
      3,276 SF

      555 Lk St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,276 SF
      555 Lk St, Chicago, IL 60661-1408
      View Details
    • Value Estimation
      $885,000
      4,488 SF

      740 Randolph St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,488 SF
      740 Randolph St, Chicago, IL 60661-2104
      View Details
    • Value Estimation
      $1,530,000
      6,822 SF

      319 Jefferson St, Unit 21

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,822 SF
      319 Jefferson St, Chicago, IL 60661-5616
      View Details
    • Value Estimation
      $1,595,000
      7,125 SF

      218 Halsted St

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,125 SF
      218 Halsted St, Chicago, IL 60661-1365
      View Details

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      Desirable location walkable to business district and popular neighborhoods.
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      View Details
    View Listing
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    160 N Halsted St
    Chicago, IL 60661
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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