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32317972
32318103

1000 N Rush Street, Chicago, IL 60611

KB
IL 475190002
CBRE - Oak Brook
MW
IL 475.210619
CBRE - Oak Brook
CW
IL 472.141577
CBRE - Oak Brook
CBRE - New York
CBRE - Chicago
CBRE - Chicago
Listed by CBRE - Oak Brook, CBRE - New York, CBRE - Chicago
Unpriced
28 days on market
Updated 28 days ago

Oak & Rush Chicago’s Gold Coast – SKIMS

Details
APN 17-03-203-010-0000
Property Type Retail
Sub Type Storefront
Square Footage 14,400
NOI $2,000,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 04/30/2036
Year Built 1971
Year Renovated 2026
Stories 2
Zoning DX-12, Central
Investment Type Net Lease
Lease Commencement 07/19/2025
Ground Lease No

Oak & Rush Chicago's Gold Coast - SKIMS | Home to the World's Most Iconic Luxury Brands

Marketing description

CBRE, as exclusive agent, presents a rare opportunity to acquire 1000 N Rush, a highly visible retail condo at the hard corner of Oak and Rush streets, the most sought-after intersection in Chicago's Gold Coast. The location sits at the center of the city's luxury retail district and boasts the strongest foot traffic, visibility, and tenant demand in the market. Surrounding retailers include Hermès, Cartier, Prada, Chanel, Dior, Bottega Veneta, and other top global brands that have firmly established Oak & Rush as the premier shopping corridor in the Midwest. With virtually no availability and limited opportunities for new retail development, space along this block remains consistently in demand.

The Property is leased to SKIMS, one of the fastest growing brands in retail, which selected the site for its Chicago flagship as part of its broader expansion into physical stores. The lease provides investors with stable in place income under favorable terms while preserving long term upside through below market rents and full control at lease expiration. Supported by ongoing reinvestment by luxury brands and a continued migration of tenants from North Michigan Avenue to the Oak & Rush corridor, the Property is well positioned to benefit from sustained demand and future rent growth. As leading global brands continue to prioritize flagship locations along the world's most established retail streets, this is a generational opportunity to own a significant piece of real estate in a globally recognized luxury market.

Investment highlights

  • Ultra Luxury Corridor: IRREPLACEABLE LOCATION AT OAK & RUSH
  • Leased to SKIMS: ONE OF RETAIL'S HOTTEST & FASTEST GROWING BRANDS
  • Recently Repositioned Asset: SIGNIFICANT INVESTMENT
  • Attractive Lease Terms: MEANINGFUL INCOME GROWTH
  • Below-Market Lease: IN HIGH BARRIER TO ENTRY CORRIDOR
  • Investment in the Gold Coast: NEW STORES, RELOCATIONS, & REINVESTMENTS
  • World-Class Luxury Destination: ON PAR WITH GLOBAL HIGH STREET
  • Hub of Hospitality & Wealthy Residences: HOME TO MANY CHICAGO INSTITUTIONS
  • Recent Nearby Retail Developments: SIGNIFICANT INVESTMENT FROM INVESTORS
  • Affluent Consumer Base: DRIVING LUXURY RETAIL & INTERNATIONAL TOURISM PULL

Listing Contacts

KB
IL 475190002
CBRE - Oak Brook
MW
IL 475.210619
CBRE - Oak Brook
CW
IL 472.141577
CBRE - Oak Brook
CBRE - New York
CBRE - Chicago
CBRE - Chicago
Listed by CBRE - Oak Brook, CBRE - New York, CBRE - Chicago

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$2,000,000.00
$166,666.67/mo

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Additional Information

Name
Keegan Barrett
License
475190002
Brokerage
CBRE
Name
Michael Wilson
License
475.210619
Brokerage
CBRE
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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