Updated Oct 12, 2026
Hubbard Street Group Buys Industrial Building At 167 North Morgan Street For $2.75M
167 North Morgan Street
$2,750,000
Building Size
—
Asset Type
Industrial
Closing
Oct 6, 2026
About this deal
AI
The vacant three-story industrial building located at 167 North Morgan Street in Chicago's Fulton Market neighborhood was sold for $2,750,000. The property, positioned within a prominent market area, is intended for redevelopment into a mixed-use building featuring 20 apartments and over 3,300 square feet of ground-floor retail space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,750,000
- Buyer: John McLinden - Hubbard Street Group
- Address: 167 North Morgan Street, Chicago, IL
- Market: Chicago, IL
- Brokers: Tom Svoboda - CBRE; Phillip Golding - Savills
CBRE represented the seller in this transaction while Phillip Golding from Savills also played a role in facilitating the deal. The buyer, John McLinden, aims to transform the existing property into a modern, mixed-use development, indicating a strategic investment in the area.
On the Map
$2,750,000
Industrial
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Players
Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93