1039 W Lake St
Chicago, IL 60607
Retail Property For Sale

This is a rarely available, boutique, timber and beam building of masonry construction in the heart of Fulton Market. The property consists of 2 floors for a total of 4200 SF. The whole building is currently occupied by a cigar company whose lease expires in October 2018. The tenant currently pays $8000 per month gross with a mutual 90 day termination right by the tenant or landlord. This value-add/redevelopment opportunity is located one block west of the Morgan street ‘L’. Sterling Bay’s new office development is located directly across the street at 210 N Carpenter. This 12-story, 200,00 SF structure will employ 1,000 people and provide 41 parking spaces, and 80 bike spaces at your doorstep. Additionally the 171 N Aberdeen development, located next door, will include 15,000-SF of ground floor retail topped by 40,000-square-feet of office space and 75 multifamily units. The heavy pedestrian traffic and accessible transit stop in the immediate vicinity, makes this property a desirable location. This property lends itself to a variety of uses including office, retail, creative design, art gallery, or restaurant.