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4th Floor - Unit 1-4
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Office
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8,076 SF
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$1,800,000 USD
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Unit Size: 8,076 SF
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Condo Use: Office
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Price: $1,800,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $222.88 USD
Description
Full floor office condo with four suites
Sale Notes
Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple condominium interest in 758 W. North Avenue, Floor 4 (the “Property”), an urban infill office condo located in Chicago’s prosperous Lincoln Park neighborhood and Illinois’s 9th most expensive zip code for home values.
The ±8,076 square-foot office condo is located above the historic Yondorf Hall, a former public hall with a stage and an encompassing balcony. The ground floor of the building is a two-tenant retail space. Built in 1887 and designated a Chicago Landmark, it ranks as one of the best surviving Victorian-era buildings. The Property was previously owned by the Steppenwolf Theater and used for social events, meetings and rented out nightly. (See info on the landmark designation: Yondorf – Landmark Designation)
A new investor or owner/user can continue its legacy as one of the city’s most historic spaces, or repurpose for alternative uses. The Property consists of traditional office space with one existing tenant, including exceptional natural light and easy configuration for light renovation or other repurposing.
The Property is prominently located at the intersection of North Avenue and Halsted Street, boasting visibility to 36,100 vehicles daily. Across from the CTA North & Clybourn Red Line ‘L’ Station—one of the busiest in the city with 18.7 million annual passengers—that was upgraded with a $4million contribution from Apple to benefit the adjacent flagship Apple store built in 2010.
Situated in the heart of the Clybourn/North Retail Corridor, the Property is surrounded by a strong lineup of national retailers, Starbucks, Crate & Barell, Design within Reach, Williams-Sonoma, Nordstrom Rack, Sweetgreen, Potbelly, Whole Foods, Trader Joe’s, REI, Dick’s Sporting Goods, and many others.
Adding to its appeal, the Property is positioned within greater Lincoln Park, Chicago’s most affluent neighborhood and one of the city’s most amenity-rich areas. Within a one-mile radius, the area boasts an average household income exceeding $150,000, an average home value over
$600,000, and a total population of 69,009.
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Trevor Allen
Greenstone Partners
