North Park Ventures Acquires Development Site In Chicago For $19M

The 20,000-square-foot land site at 810 W Lake St in Chicago, IL, 60607, has been sold for $19,000,000. The development site is located in Chicago's Fulton Market district and includes three existing properties: a two-story restaurant building at 204 N. Halsted St., a three-story restaurant building at 804-808 W Lake St., and a two-story retail building and adjacent parking lot at 810-816 W Lake St.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $19,000,000.00
• Market: Chicago
• Seller's Representative: Matt Scales (At Properties Commercial)
• Buyer: North Park Ventures
• Seller: Unknown

Marty Casey and Matt Scales of @properties Commercial facilitated the sale of the site in collaboration with three different sellers to assemble the properties. The partnership between North Park Ventures and MF Development acquired the land for the future development of a hotel and retail project in the vibrant Fulton Market district of Chicago.