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440 W Randolph St
Chicago, IL 60606

$3,650,000 USD

Storefront Retail Office Condo For Sale  •  27,639 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 27,639 SF
  • Lot Size 1.31 AC
  • Building Class B
  • Year Built 2012
  • Tenancy Multiple
100 Transit Score
98 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 100 Retail 27,639 SF $3,650,000 USD
  • Unit Size: 27,639 SF
  • Condo Use: Retail
  • Price: $3,650,000 USD
  • Sale Type: Investment
  • Price/SF: $132.06 USD
Description
440 Randolph is a vertical subdivision at the base of a 341-unit residential condo building knows as Randolph Place. The property offers a total lease area of 27,639 SF consisting of approximately 19,400 SF formerly occupied by the Nine Restaurant, 7,486 SF leased to long time tenant Chicago City Spa, 753 SF leased to downtown cleaners plus the added value of 76 striped parking spaces, with the potential to valet park up to 90 cars in the lower level

Sale Notes
The location is steps from a roster of high profile developments including 150 N. Riverside, River Point and Wolf Point West, 111 N Canal, The Chicago River, Merchandise Mart, and Gibson’s Italia Restaurant to name a few. Given it’s Loop location, 440 W. Randolph offers a great space for hospitality uses, including bar & restaurant, event and showroom space or social entertainment venues for enjoyment by the many commuters, area residents, office workers, and visitors to Chicago

Highlights

Vacant First Floor Commercial Space Ideal for a First Class Restaurant
Huge Value-Add Potential with Opportunity to Reconfigure Existing Tenant Layouts
Surrounded by many Loop Apartments, Condos, and OfficeTowers

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Chicago Ogilvie Transportation Center (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 0 min 3 min 0.2 mi
Chicago Union Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra), Heritage Corridor Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra), SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 9 min 0.5 mi
Transit/SubwayDriveWalkDistance
Clinton Station (Green, Pink Lines) (Green Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L")) 0 min 3 min 0.2 mi
Washington/Wells Station (Downtown Loop) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Orange Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 7 min 0.4 mi
Clark/Lake Station (Downtown Loop) (Blue Line - Chicago Transit Authority "L" Trains (The "L"), Brown Line - Chicago Transit Authority "L" Trains (The "L"), Green Line - Chicago Transit Authority "L" Trains (The "L"), Orange Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 9 min 0.5 mi
Merchandise Mart Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 9 min 0.5 mi
Quincy Station (Downtown Loop) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Orange Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Chicago Midway International 17 min - 10.8 mi
Chicago O'Hare International 26 min - 17.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Mark Kishtow 773-744-7070 Jameson Commercial Real Estate
Mark Kishtow 773-744-7070 Jameson Commercial Real Estate