1012 W Randolph St

Highlights:

• Irreplaceable Restaurant Row location.
• Mixed-use property anchored by national fast-casual restaurant tenant, Roti.
• Three fully renovated, full-floor luxury residential units.
• Heavy timber loft-style building with downtown views.
• C1-3 zoning allows for a variety of uses
• Fully stabilized, turn-key property - 100% leased.
• Permitted signage income

Description:

Introducing a prime investment opportunity in the heart of Chicago: 1012 W Randolph St. This 6,500 SF mixed-use retail and multifamily property, originally built in 1926 and fully renovated in 2019, boasts four fully leased units. The heavy timber loft-style building offers breathtaking downtown views, with a diverse array of potential uses under its C1-3 zoning. With an irreplaceable location on Restaurant Row, a national fast-casual restaurant tenant, Roti, anchors this mixed-use property. Additionally, permitted signage income and 100% occupancy make this a fully stabilized, turn-key investment. Don't miss out on this exceptional opportunity.

The West Loop is Chicago’s former warehouse district and is among the most rapidly developing neighborhoods in the country and recently ranked by TimeOut as one of the top 20 coolest neighborhoods in the world. Originally a mix of factories, meat markets, and wholesale produce outlets, the neighborhood has seen a major demographic shift over the last decade. The historic brick and timber loft buildings that define the neighborhood have largely been converted to other uses, including a mix of luxury condos, creative offices, art galleries, critically acclaimed restaurants, hotels, and retail boutiques.
The area has evolved into a must-see destination for locals and visitors. With new restaurant concepts opening on almost a weekly basis, the area boasts everything from Randolph Street’s Restaurant Row, nine Michelin Star Restaurants, sixteen Michelin Recognized Restaurants and some of Chicago’s most desirable shopping (Lululemon, Uncommon James, Billy Reid, Anthropologie, Allbirds, Free People, among others).
The neighborhood’s international reputation continues to grow with the expansion of Google’s Midwest headquarters, and the opening of McDonald’s Global headquarters, Soho House hotel, Nobu Restaurant and hotel, Hoxton hotel, the We Work co-working building, Punch Bowl Social and The Emily Hotel. Other companies calling the West Loop home include Uber, Ernst & Young, WPP, LinkedIn and Twitter.
Excellent public transportation options including Metra train access at Ogilvie and Union Station combined with one of the city’s newest CTA stations with an annual ridership of almost 1 million passengers yearly. The Morgan and Lake station will continue to attract businesses and residents alike, making the West Loop one of Chicago’s most exciting and desirable neighborhoods.

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