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Southgate Market 1101 S Canal St 303,810 SF 77% Leased Retail Building Chicago, IL 60607 For Sale

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INVESTMENT HIGHLIGHTS

  • Dominant Grocer Anchor — Whole foods
  • Potential Value-Add Opportunities
  • Dense Urban Infill with Robust Demographics & Convenient Access
  • Strong Tenant Retention, Backed by Strong Performing National Anchor Tenants
  • South Loop Retail Corridor — Must Have Location
  • Abundant Parking with Opportunity to Increase Revenue

EXECUTIVE SUMMARY

CBRE is pleased to offer Southgate Market, the dominant 303,810-square-foot grocery-anchored shopping center in Chicago’s South Loop neighborhood. Southgate Market is anchored by Whole Foods, one of the most desired grocers by both consumers and investors. Whole Foods has a long history of success at this location and recently executed a 10-year early extension demonstrating its long-term commitment to this location with 14 years of term remaining. The grocer is complemented by a premier, high-quality tenant lineup of national retailers including LA Fitness, Marshall’s, PetSmart, DSW, and University of Chicago Medicine. At 78.8% occupied, investors are offered a value-add opportunity by acquiring a high-performing grocery-anchored asset with stable cash flows as a result of the high-quality tenant lineup and an irreplaceable urban location in Chicago’s fastest-growing neighborhood.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
303,810 SF
Building Class
B
Year Built
2006
Percent Leased
77%
Tenancy
Multiple
Building Height
5 Stories
Loading Docks
4 Exterior
Building FAR
1.07
Lot Size
6.50 AC
Zoning
PD 924
Parking
1,170 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
747’ on S Canal St

AMENITIES

  • Car Charging Station

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Educational Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

The University of Chicago is an urban research university that has driven new ways of thinking since 1890. Their commitment to free and open inquiry draws inspired scholars to their global campuses, where ideas are born that challenge and change the world. They empower individuals to challenge conventional thinking in pursuit of original ideas. Students in the College develop critical, analytic, and writing skills in their rigorous, interdisciplinary core curriculum. Through graduate programs, students test their ideas with UChicago scholars, and become the next generation of leaders in academia, industry, nonprofits, and government. UChicago research has led to such breakthroughs as discovering the link between cancer and genetics, establishing revolutionary theories of economics, and developing tools to produce reliably excellent urban schooling.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Educational Services - - Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 002 - Level B
  • 21,405 SF
  • Retail
  • In-Line
  • Now

21,405 square foot retail space available for lease.

  • 101
  • 1,705 SF
  • Retail
  • In-Line
  • Now

Southgate Market stands as a premier retail destination in Chicago’s vibrant South Loop, offering unmatched visibility, accessibility, and co-tenancy. Located at the high-traffic intersection of Roosevelt Road and Canal Street, the property benefits from over 48,600 vehicles per day and direct exposure to the Dan Ryan Expressway. This ±300,000 SF multi-level center is anchored by Whole Foods and LA Fitness, drawing consistent foot traffic from both local residents and regional visitors. Recent interior renovations have elevated the customer experience, including modernized common areas with new LED lighting, updated wayfinding signage, refreshed paint and graphics, and enhanced entry vestibules across all parking levels. The center features 1,085 parking spaces and two major access points at lighted intersections, ensuring convenience for both tenants and patrons. Southgate Market is surrounded by transformative residential and mixed-use developments, including Roosevelt Square, Canal Station, and the Old Chicago Post Office redevelopment. Within a 3-mile radius, the area boasts a population of over 400,000, a daytime population nearing 885,000, and an average household income exceeding $150,000. This dynamic environment supports a wide range of retail, wellness, and service uses. Available spaces include both street-facing and interior-facing suites, with flexible configurations ideal for wellness centers, soft goods, food and beverage, and experiential retail. The property’s strategic location near the Loop, Museum Campus, and multiple universities makes it a compelling choice for brands seeking visibility and growth in one of Chicago’s most active trade areas.

  • 103
  • 1,819 SF
  • Retail
  • In-Line
  • Now

Southgate Market stands as a premier retail destination in Chicago’s vibrant South Loop, offering unmatched visibility, accessibility, and co-tenancy. Located at the high-traffic intersection of Roosevelt Road and Canal Street, the property benefits from over 48,600 vehicles per day and direct exposure to the Dan Ryan Expressway. This ±300,000 SF multi-level center is anchored by Whole Foods and LA Fitness, drawing consistent foot traffic from both local residents and regional visitors. Recent interior renovations have elevated the customer experience, including modernized common areas with new LED lighting, updated wayfinding signage, refreshed paint and graphics, and enhanced entry vestibules across all parking levels. The center features 1,085 parking spaces and two major access points at lighted intersections, ensuring convenience for both tenants and patrons. Southgate Market is surrounded by transformative residential and mixed-use developments, including Roosevelt Square, Canal Station, and the Old Chicago Post Office redevelopment. Within a 3-mile radius, the area boasts a population of over 400,000, a daytime population nearing 885,000, and an average household income exceeding $150,000. This dynamic environment supports a wide range of retail, wellness, and service uses. Available spaces include both street-facing and interior-facing suites, with flexible configurations ideal for wellness centers, soft goods, food and beverage, and experiential retail. The property’s strategic location near the Loop, Museum Campus, and multiple universities makes it a compelling choice for brands seeking visibility and growth in one of Chicago’s most active trade areas.

  • 104 - Street Level
  • 1,176 SF
  • Retail
  • In-Line
  • Now

1,176 square foot retail space available for lease.

  • 106-1- Street Level
  • 1,958 SF
  • Retail
  • In-Line
  • Now

1,887 square foot retail space available for lease.

  • 200
  • 25,365 SF
  • Retail
  • In-Line
  • Now

25,365 square foot retail space available for lease.

  • 203
  • 16,413 SF
  • Retail
  • In-Line
  • Now

10,813 square foot retail space available for lease.

Space Size Space Use Position Available
002 - Level B 21,405 SF Retail In-Line Now
101 1,705 SF Retail In-Line Now
103 1,819 SF Retail In-Line Now
104 - Street Level 1,176 SF Retail In-Line Now
106-1- Street Level 1,958 SF Retail In-Line Now
200 25,365 SF Retail In-Line Now
203 16,413 SF Retail In-Line Now

002 - Level B

Size
21,405 SF
Space Use
Retail
Position
In-Line
Available
Now

101

Size
1,705 SF
Space Use
Retail
Position
In-Line
Available
Now

103

Size
1,819 SF
Space Use
Retail
Position
In-Line
Available
Now

104 - Street Level

Size
1,176 SF
Space Use
Retail
Position
In-Line
Available
Now

106-1- Street Level

Size
1,958 SF
Space Use
Retail
Position
In-Line
Available
Now

200

Size
25,365 SF
Space Use
Retail
Position
In-Line
Available
Now

203

Size
16,413 SF
Space Use
Retail
Position
In-Line
Available
Now

002 - Level B

Size 21,405 SF
Space Use Retail
Position In-Line
Available Now

21,405 square foot retail space available for lease.

101

Size 1,705 SF
Space Use Retail
Position In-Line
Available Now

Southgate Market stands as a premier retail destination in Chicago’s vibrant South Loop, offering unmatched visibility, accessibility, and co-tenancy. Located at the high-traffic intersection of Roosevelt Road and Canal Street, the property benefits from over 48,600 vehicles per day and direct exposure to the Dan Ryan Expressway. This ±300,000 SF multi-level center is anchored by Whole Foods and LA Fitness, drawing consistent foot traffic from both local residents and regional visitors. Recent interior renovations have elevated the customer experience, including modernized common areas with new LED lighting, updated wayfinding signage, refreshed paint and graphics, and enhanced entry vestibules across all parking levels. The center features 1,085 parking spaces and two major access points at lighted intersections, ensuring convenience for both tenants and patrons. Southgate Market is surrounded by transformative residential and mixed-use developments, including Roosevelt Square, Canal Station, and the Old Chicago Post Office redevelopment. Within a 3-mile radius, the area boasts a population of over 400,000, a daytime population nearing 885,000, and an average household income exceeding $150,000. This dynamic environment supports a wide range of retail, wellness, and service uses. Available spaces include both street-facing and interior-facing suites, with flexible configurations ideal for wellness centers, soft goods, food and beverage, and experiential retail. The property’s strategic location near the Loop, Museum Campus, and multiple universities makes it a compelling choice for brands seeking visibility and growth in one of Chicago’s most active trade areas.

103

Size 1,819 SF
Space Use Retail
Position In-Line
Available Now

Southgate Market stands as a premier retail destination in Chicago’s vibrant South Loop, offering unmatched visibility, accessibility, and co-tenancy. Located at the high-traffic intersection of Roosevelt Road and Canal Street, the property benefits from over 48,600 vehicles per day and direct exposure to the Dan Ryan Expressway. This ±300,000 SF multi-level center is anchored by Whole Foods and LA Fitness, drawing consistent foot traffic from both local residents and regional visitors. Recent interior renovations have elevated the customer experience, including modernized common areas with new LED lighting, updated wayfinding signage, refreshed paint and graphics, and enhanced entry vestibules across all parking levels. The center features 1,085 parking spaces and two major access points at lighted intersections, ensuring convenience for both tenants and patrons. Southgate Market is surrounded by transformative residential and mixed-use developments, including Roosevelt Square, Canal Station, and the Old Chicago Post Office redevelopment. Within a 3-mile radius, the area boasts a population of over 400,000, a daytime population nearing 885,000, and an average household income exceeding $150,000. This dynamic environment supports a wide range of retail, wellness, and service uses. Available spaces include both street-facing and interior-facing suites, with flexible configurations ideal for wellness centers, soft goods, food and beverage, and experiential retail. The property’s strategic location near the Loop, Museum Campus, and multiple universities makes it a compelling choice for brands seeking visibility and growth in one of Chicago’s most active trade areas.

104 - Street Level

Size 1,176 SF
Space Use Retail
Position In-Line
Available Now

1,176 square foot retail space available for lease.

106-1- Street Level

Size 1,958 SF
Space Use Retail
Position In-Line
Available Now

1,887 square foot retail space available for lease.

200

Size 25,365 SF
Space Use Retail
Position In-Line
Available Now

25,365 square foot retail space available for lease.

203

Size 16,413 SF
Space Use Retail
Position In-Line
Available Now

10,813 square foot retail space available for lease.

Walk Score®
Very Walkable (87)
Transit Score®
Rider's Paradise (96)
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Corepower Yoga
Starbucks
Jewel-Osco
Bank of America
BMO
Chase Bank
Jason's Deli
Naf Naf Grill
Buffalo Wild Wings
Noodles & Company

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-16-334-009-0000
Land Assessment
$2,619,450
Improvements Assessment
$17,575,330
Total Assessment
$20,194,780
  • Listing ID: 34926079

  • Date on Market: 2/24/2025

  • Last Updated:

  • Address: 1101 S Canal St, Chicago, IL 60607

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