Trio Retail Center
Market Price
328-334 N. Des Plaines Street, Chicago, IL 60661
6
Cap Rate
526,988.59
NOI
Details:
Highlights:
- Mixed-Use Development: The center includes approximately 10,000 SF of retail space, a 65,000 SF Jewel-Osco grocery store, and a 100-unit luxury apartment tower, creating a built-in customer base and vibrant community.
- High Visibility: Located at a signalized intersection with 314 feet of frontage on N. Des Plaines Street, it ensures excellent exposure to both pedestrian and vehicular traffic.
- Transit Accessibility: It's within walking distance to Clinton Station (Green and Pink Lines) and Grand Avenue Station (Blue Line), making it highly accessible via public transportation.
- Strong Demographics: The area boasts a population of over 450,000 within a 3-mile radius and an average household income of $125,000, indicating strong purchasing power.
- Shadow Anchored by Jewel-Osco: This major grocery store draws consistent foot traffic, benefiting surrounding retailers.
- Retail Synergy: Tenants include Chase Bank, Bentley’s Pet Stuff, The Joint Chiropractic, and Dentistrie, contributing to a diverse and complementary retail mix.
- Parking Availability: The center offers 117 parking spaces, which is a valuable amenity in a dense urban setting.
- Neighborhood Appeal: Situated in the Fulton River District, part of the booming West Loop, the area is known for its upscale residential and commercial growth, attracting tech companies, hospitality, and lifestyle brands.
Description:
The Trio Retail Center is located at 328 N. Des Plaines Street, Chicago, IL 60661, in the Fulton River District near the West Loop. It is a mixed-use development featuring 10,253sf of retail space (subject property) with residential units above, with high visibility at a signalized intersection and proximity to the Clinton Station (Green and Pink Lines) and Grand Avenue Station (Blue Line).
Immerse yourself in the vibrant energy of Chicago's West Loop, where the Trio Retail Center is ideally located. This bustling neighborhood is renowned for its thriving culinary scene, trendy boutiques, and innovative businesses. Nearby, the iconic Willis Tower offers unparalleled views, while the bustling Randolph Street Market District provides an eclectic array of dining and entertainment options. With the acclaimed United Center and the Chicago Riverwalk just a short distance away, the area promises a dynamic mix of culture and commerce. Perfectly positioned for retail and lifestyle center investors, this prime location offers endless opportunities to tap into the pulse of Chicago's urban vitality.
Site:
Center Type: Neighborhood Retail Center
Gross Leasable Area: Approx. 75,316 SF
Total Land Area: 1.39 acres
Year Built: 2006
Parking: 117 spaces
Frontage:
314’ on N Des Plaines St
345’ on W Kinzie St
328’ on N Union Ave
Tenancy & Anchors:
Tenants:
Shadow Anchored by Jewel-Osco
Tenants include Chase Bank, The Joint Chiropractic, and Dentistry
Ideal for retail and service-oriented businesses
Accessibility & Visibility:
Located at a signalized intersection with excellent visibility
High foot traffic due to the surrounding high-rise residential buildings
Close proximity to public transportation, including CTA Blue, Green, and Pink Line stations
Demographics:
Demos:
Over 450,000 residents within a 3-mile radius
Average household income: Approx. $125,000
2 Spaces Available
332 N Desplaines St., 406D1, 1 Strip Center
Former Drop Off Cleaners
One Bathroom
344 N Desplaines St. (copy), 407D, 1 Strip Center
Former Retail Pet Supply Store
Documents:
| Title | ||
|---|---|---|
| Chicago 328 N DesPlaines St Lease_Brochure.pdf | ||
| Chicago_Trio_Retail_Center_OM.pdf |
Location
Gallery