110 E Delaware Pl

Highlights:

• Highly desirable STNL Gold Coast commercial condo with excellent retail exposure located adjacent to the Four Seasons Hotel main lobby entrance and the 900 North Michigan Shops featuring retailers such as Gucci, Bloomingdale’s, Club Monaco, Bonobos, Kate Spade and more.
• Fully stabilized, low maintenance and easy to manage STNL investment opportunity leased to multi-unit operator MARCUS - Curated Luxury Collection.
• 10-year, 5-month initial lease term with 2 years remaining and 3 fixed 5-year options with scheduled 2.00% annual rent increases.
• 3,712 SF commercial condo featuring high-end custom buildout with highly sought-after Gold Coast retail frontage and easily accessible parking via the 900 North Michigan Shops public parking garage.
• Surrounded by high-profile luxury retailers including Chanel, Moncler, Hermes, Cartier, Prada, Golden Goose, Van Cleef, Harry Winston, Rolex, Richard Mille, Christian Louboutin, Tom Ford, Dolce & Gabbana, Dior, Celine, Versace and more.
• In the immediate vicinity of Chicago’s best shopping, food, entertainment, Class-A office product, medical office and most expensive residential homes, condominiums and apartments.
• Easy access to DuSable Lake Shore Drive.

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.

Chicago’s Gold Coast stands as one of the most affluent and high-traffic urban neighborhoods in the Midwest, making it a premier destination for single-tenant net lease retail investment. With its blend of historic architecture, dense residential population, and steady tourism draw, the area provides an exceptional environment for national and upscale boutique retailers seeking a flagship presence.

The neighborhood’s consistent foot traffic—driven by luxury shoppers, affluent residents, and visitors to nearby hotels and cultural attractions—supports strong retail fundamentals. Well-established retail corridors like Oak Street, Rush Street, and State Street command premium visibility and rents, making this sub-market a magnet for high-credit tenants in fashion, beauty, specialty food, and wellness.

Documents: