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$ 4,500,000
Est. payment | /mo
143,900 SqFt
$ 4,500,000
Est. payment | /mo
143,900 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 143,900 sqft
Price per Sqft $31
MLS Listing ID 12356530
Year Built 1986
Annual Tax Amount $57,324
Tax Year 2023
Lot Dimensions 50X100
Property Sub-Type Retail/Stores
Property Description
The SVN Chicago Urban Team is pleased to present a highly desirable, fully stabilized STNL retail commercial condo in Chicago's Gold Coast. The sale offering provides excellent retail exposure next to the Four Seasons Hotel and the 900 North Michigan Shops, and in the immediate vicinity to luxury retailers like Gucci, Chanel, Hermes, Moncler, Celine, Harry Winston, Rolex, Richard Mille, Christian Louboutin, Tom Ford and more. The 3,712 SF property, leased to MARCUS - Curated Luxury Collection, features a high-end custom buildout, a 10-year, 5-month initial lease with 2 years remaining, and three 5-year renewal options with 2% annual rent increases. Located amid Chicago's premier shopping, dining, entertainment, and luxury residential and office spaces, it benefits from accessible public parking via the 900 North Michigan Shops garage and proximity to DuSable Lake Shore Drive.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Listed by Scott Maesel • Sperry Van Ness