467-471 W. Erie Street
Cosmetic Surgery Center & Nail Spa Condo | River North | Base to 25 Story Apartments
Marketing description
This distinctive two-tenant condominium unit is located at the base of the 25-story Kingsbury on the Park building in Chicago's River North neighborhood. The property features a plastic surgery center and nail spa operating under net leases. The building was designed by award-winning architect Lucien Lagrange and offers quality glass and steel construction.
The condo unit occupies the first two floors of the luxury residential building, which sits at the corner of West Erie Street and North Kingsbury Street directly across from Montgomery Ward Park and the Chicago River. The property is located in Chicago's most fashionable and trendsetting neighborhood, featuring Chicago's premier dining scene and nightclub area, blocks from Michigan Avenue premier shopping.
Chicago Aesthetics Med Spa was founded by top cosmetic surgeon Dr. Anh-Tuan Truong, who was voted one of America's Top Surgeons in the Field of Cosmetic Surgery. Dr. Truong officially joined Dr. Miami's Squad network in October 2020 as the first surgeon in Chicago, Illinois. The center features 2 operating rooms and 6 exam rooms, providing a wide range of skin rejuvenation, anti-aging, laser and body sculpting services.
PRINCIPALS ONLY
Investment highlights
- Long-term net leases with surgery center & Nail Spa
- Leases call for 3% annual rental increases
- Located in Chicago's River North
- Chicago's most fashionable & trendsetting neighborhood
- Chicago's premier dining scene and night club area
- Blocks from Michigan Avenue premier shopping
- Site faces Montgomery Ward Park
- $198,813 Average household in 1-mile radius
- 463,128 population in the 3-mile radius
- 928,957 population in the 5-mile radius
- Annual population growth expected in the next five years
- High traffic area near Ohio Street Bridge
- Condo unit is on the first two floors of luxury 25 story condo apartment complex
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