702 W Fulton St | Chicago, IL 60661
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- LoopNet Team
702 W Fulton St
Chicago, IL 60661
Carnivale Restaurant · Retail Property For Sale
Investment Highlights
- Located in most desirable submarket of downtown Chicago
- 50-year unsubordinated ground lease (no landlord responsibilities), signed at closing
- Upside with 100,000 SF-plus of air rights to go vertical in the future
- Successful operator with 15 years at current location
- Annual rent increases, including in renewal periods
- Close proximity to highway and downtown Chicago
Property Facts
Property Type
Retail
Property Subtype
Building Size
29,629 SF
Building Class
B
Year Built/Renovated
1904/2011
Tenancy
Single
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
1.94
Lot Size
0.35 AC
Zoning
DX-7, Chicago - Downtown Mixed Use District with a floor area ratio (FAR) of 7.0.
Parking
20 Spaces (0.68 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Signage
Property Taxes
| Parcel Number | 17-09-307-005-0000 | Improvements Assessment | $137,100 |
| Land Assessment | $127,500 | Total Assessment | $264,600 |
Property Taxes
Parcel Number
17-09-307-005-0000
Land Assessment
$127,500
Improvements Assessment
$137,100
Total Assessment
$264,600
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