875 North Rush Street
$19,400,000
875 North Rush Street, Chicago, IL 60611
For Sale
Retail
Street Retail
Active
Last Updated: 05/01/2025
6.5
Cap Rate
1,260,475
NOI
Details:
Cap Rate: 6.5%
NOI: $1,260,475
Building Size: 18,693 sqft
Lot Area: 0.17 acres
Occupancy: 81.3%
Zoning: PD 630 (Planned Development 630)
Tenancy: Multiple
Description:
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell a two-story flagship retail property located at the heart of the Gold Coast’s iconic Rush Street luxury retail corridor. The offering presents the opportunity to acquire an irreplaceable asset leased to Peter Millar’s Midwest flagship retail store which generates sales in excess of $1,600 PSF, PNC Bank, a cosmetic med spa, and an upscale bridal fashion retailer with the ability to increase the income stream through the lease up of the remaining vacancy and marking tenant option rents to market.
Documents:
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875_N_Rush_Street_OM.pdf
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Location
Gallery
