925 N Larrabee St
Chicago, IL 60610
Urban River North Retail Asset · Multifamily Property For Sale · 6 Units

Single tenant retail asset at the street level of a 6 unit boutique residential building. 100% leased to Meta Modern Health which is a fitness and health wellness center. The interior is new construction and there was significant upfront capital invested in the build out by the tenant. Original lease term is 6 years with approximately 4 years remaining, tenant has one 5 year option. Tenant is paying below market rent which provides a buyer with long term upside. Prime urban infill Chicago location in the heart of booming River North. Close proximity to the hottest areas of the city including Goose Island, Fulton Market, River West, and Clybourn Corridor. Surrounded by vibrant growth and transformation including new residential, retail, and office development. Across the street from 600 West Chicago which is a +/- 2 million SF office building with an estimated 7,000 daily visitors. Anchor office tenants at 600 West Chicago include Groupon, WM Wrigley, Lightbank Venture Capital, and The Big Ten Network. The city of Chicago is in final stages of completing a major change to the land use plan that will significantly impact the zoning along the Chicago river and create huge new office, residential, and mixed use development opportunities. The subject property is one street off of the Chicago River.