201 N Clark St
Chicago, IL 60601
201 N Clark | Bankruptcy Court Ordered Sale · Retail Property For Sale

*FOR MORE INFORMATION, PLEASE EXECUTE THE ATTACHED CONFIDENTIALITY AGREEMENT AND RETURN Cushman & Wakefield of Illinois presents the opportunity to acquire 201 North Clark Street, Chicago, IL (The Property), a 52,034 SF retail building situated on a 20,755 SF land parcel at the northeast corner of Lake St. and Clark St. in Chicago' s Loop. In previous years the property has thrived as a food court for Chicago' s CBD office tenants, but currently suffers from significant vacancy. Poised for major redevelopment, The Property is offered for sale at the direction of Illinois Bankruptcy Court. The Property has two occupants operating under long-term leases. A fitness center on the 3rd level serving tenants of neighboring 77 W. Wacker Dr., and a Subway restaurant. Both tenants are current on rental payments and are under leases which incorporate demolition clauses to cancel. The in-place income combined with the immediate potential to reposition current improvements presents a compelling opportunity for a long term value-add investor. 201 North Clark Street is part of Planned Development 375, with a DX-16 underlying zoning. This unique asset benefits from direct access to critical public transportation stations at the main Loop terminal, as well as rare access via enclosed pedways to adjacent buildings. The Property also benefits from approximately 290 feet of total linear frontage at a prominent Loop intersection - nearly 150 linear feet along North Clark Street and over 140 linear feet of frontage along West Lake Street. (C&W of Illinois is cooperating with all brokers in this transaction, however, no compensation for cooperation is available. Please secure an agreement to obtain commission from your client or include a section or clause in your LOI proposing such as additional fee for buyer' s representative' )