Webster Place 1435-1471 W Webster Ave 136,130 SF 100% Leased Retail Building Chicago, IL 60614 For Sale

CBRE National Retail Partners – Midwest is pleased to present, as an exclusive advisor, the opportunity to acquire Webster Place, a 136,130 square foot commercial property located in Chicago’s affluent Lincoln Park neighborhood. In the heart of the Clybourn Retail Corridor, Webster Place is highly visible at the signalized southwest corner of Webster and Clybourn Avenue. The Property provides one of the most sought-after, yet rare amenities in the city - abundant parking. Webster Place features approximately 611 parking spaces throughout two parking garages and surface space, providing ease of access to its visitors.
Webster Place’s exceptional tenancy ensures a strong surety of income stream to future investors. Advocate Health, the third largest nonprofit integrated health system in the United States, signed a brand-new 10-year lease and budgeted $79 million for its state-of-the-art space. With this new lease, Webster Place underwent substantial changes, making much of the asset essentially new construction. Chase Bank, one of the world’s largest financial institutions, recently renewed thru May 2030. This branch boasts bank deposits nearly 8 times the bank’s national average, a testament to the affluent Lincoln Park location. Regal Cinemas tenancy brings a strong historical operating history dating back 36 years at this location. Additionally, they expanded their space in 1998 and recently renewed at contractual rent, furthering their dedication to the site.
At 100% occupancy, Webster Place is a tremendous opportunity to acquire a fully stabilized asset with a high-quality tenant lineup and an irreplaceable urban location within Chicago.