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942-944 W Huron St 5,840 SF 53% Leased Retail Building Chicago, IL 60642 $1,500,000 ($256.85/SF)
INVESTMENT HIGHLIGHTS
- Stabilized cash flow from established retail tenant.
- 5,840 SF modern commercial building divided into two suites w/full unfinished basement with excellent ceiling height for storage or build-to-suit.
- Steps from I-90/94 with direct regional access Minutes to West Loop, Fulton Market, Downtown, River North.
- Modern office ready for user or upside through lease-up of architect-designed vacant suite to a 9 CAP investment property.
- Surrounded by residential, hospitality, showroom, and creative office growth.
- Zoning: M1-3 – extensive use & future redevelopment potential.
EXECUTIVE SUMMARY
42–944 W. Huron Street represents a prime acquisition opportunity in Chicago’s rapidly evolving River West neighborhood — a fully improved 5,840 SF commercial building delivering immediate income, owner-user potential, and exceptional redevelopment upside.
The property is currently configured as two nearly equal suites: one occupied by a local popular bagel retailer operating a high-quality commercial kitchen with pickup window, and one vacant modern office space designed and formerly operated by an award-winning distinguished architectural firm. A full unfinished basement with excellent ceiling height expands functional utility for storage or custom build-out. Situated on a 4,896 SF lot built lot line to lot line, the property benefits from M1-3 zoning, unlocking extensive use and redevelopment potential — including possibilities for adaptive reuse, mixed-use conversion, or ground-up redevelopment. Steps from I-90/94 and within minutes of West Loop, Fulton Market, River North, and Downtown, the site is surrounded by robust residential and commercial growth. For investors, developers, or creative operators, 942–944 W. Huron offers a rare combination of stable cash flow, premier design pedigree, immediate occupancy options, and long-term value creation in one of Chicago’s most strategically located corridors
The property is currently configured as two nearly equal suites: one occupied by a local popular bagel retailer operating a high-quality commercial kitchen with pickup window, and one vacant modern office space designed and formerly operated by an award-winning distinguished architectural firm. A full unfinished basement with excellent ceiling height expands functional utility for storage or custom build-out. Situated on a 4,896 SF lot built lot line to lot line, the property benefits from M1-3 zoning, unlocking extensive use and redevelopment potential — including possibilities for adaptive reuse, mixed-use conversion, or ground-up redevelopment. Steps from I-90/94 and within minutes of West Loop, Fulton Market, River North, and Downtown, the site is surrounded by robust residential and commercial growth. For investors, developers, or creative operators, 942–944 W. Huron offers a rare combination of stable cash flow, premier design pedigree, immediate occupancy options, and long-term value creation in one of Chicago’s most strategically located corridors
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$154,755
|
$26.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$154,755
|
$26.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,235
|
$2.78
|
| Net Operating Income |
$138,520
|
$23.72
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $154,755 |
| Annual Per SF | $26.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $154,755 |
| Annual Per SF | $26.50 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,235 |
| Annual Per SF | $2.78 |
| Net Operating Income | |
|---|---|
| Annual | $138,520 |
| Annual Per SF | $23.72 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
5,840 SF
Building Class
C
Year Built/Renovated
1930/2007
Price
$1,500,000
Price Per SF
$256.85
Percent Leased
53%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.11 AC
Zoning
M1-3
Parking
3 Spaces (0.51 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Mezzanine
- Skylights
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- R&A Sourdough
- Accommodation and Food Services
- 3,090 SF
- -
- Modified Gross
- Sep 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| R&A Sourdough | Accommodation and Food Services | 3,090 SF | - | Modified Gross | Sep 2028 |
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-08-212-003-0000 | Improvements Assessment | $112,030 (2024) |
| Land Assessment | $36,720 (2024) | Total Assessment | $148,750 (2024) |
PROPERTY TAXES
Parcel Number
17-08-212-003-0000
Land Assessment
$36,720 (2024)
Improvements Assessment
$112,030 (2024)
Total Assessment
$148,750 (2024)
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942-944 W Huron St
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