• 1039 W Lake Street, Chicago, IL 60607

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Property Details

The West Loop is Chicago’s former warehouse district and is among the most rapidly developing neighborhoods in the country with 122% population growth in the last 5 years. Originally a mix of factories, meat markets, and wholesale produce outlets, the neighborhood has seen a major demographic shift over the last decade with 48% of the Fulton Market population between the ages of 25-34 and an average household income of $132,250. The historic brick and timber loft buildings that define the neighborhood have largely been converted to other uses, including a mix of luxury condos, creative offices, art galleries, critically acclaimed restaurants, hotels, and retail boutiques. 4,325 new residential units were delivered in 2017 and 4,145 are under construction for 2018.

The West Loop has evolved into a must-see destination for locals and visitors who want to eat well. The area boasts everything from Michelin Star rated restaurants such as Blackbird, Elske, and Sepia to national retailers such as Anthropologie, Free People, and Whole Foods. The neighborhood’s international reputation continues to grow with the opening of Google’s new Midwest headquarters, McDonald’s Global headquarters, Soho House hotel, Nobu Restaurant and hotel, We Work co-working building, Uber, Twitter, and Gogo Inflight Internet. Excellent public transportation options including Metra train access at Ogilvie and Union Station combined with one of the city’s newest CTA stations in almost a decade that opened at Morgan and Lake in 2012 will continue to attract businesses and residents alike, making the West Loop one of Chicago’s most exciting and desirable neighborhoods.

  • Property Type
    Retail
  • Submarket
  • Year Built
    1933
  • Total Building Size
    1,925RSF
  • Property ID
    2018372