LEASED

The heart of Chicago’s famed Meatpacking district, today called the West Loop, commonly known as Old Noble Square, is a place where 100-year-old family run meat packing companies continue to thrive.  Identical to New York’s meatpacking district which is where Google maintains its Corporate NYC Offices at Chelsea Markets.  Site location abuts neighbors, both family ran enterprises, whereas Tempesta Market is a delicatessen meat market proper, whose operators draw inspiration from Italian culinary tradition.  The other abutting neighbor is a Great Chicago institution, Bella Notte, a signature place for fine Italian family cuisine.  Operating over 25 years, this iconic spot is a hidden gem that will be around for generations to come. The anchor of the block is the location for offer, formerly Oggi Trattoria, a long-operated neighborhood favorite.  This site thrives on longevity and authenticity, as it is also immensely rich in culture for revelers in all directions.

Along the densely populated upscale West Loop residential neighborhood, Noble Avenue, this location could easily flank heavy residential southbound foot-traffic as a market in many forms at the signalized intersection.  Given it’s proximity to the loop, this location qualifies as a bona fide tourist destination.  The 65 Grand Bus stop is in front of this location which bolsters 2.5 million passengers annually, which is a huge plus for brand identity having visible signage on Grand.  The high tall ceilings draw audience attention from dramatic south facing window exposure along the busy Grand Avenue, bolstering average daily traffic counts of 20,000 vehicles eastbound and westbound.  Grand Avenue, formerly Old Whiskey Point Road, was first a trail for the Miami, Illini and other Native Nations dwelling in the Chicagoland area.  It wasn’t until the street was renamed to Grand, by Chicago’s city planners in tribute to Chicago’s first president, Thomas Jefferson Vance Owen, who once quipped ‘…[this street is] a grand place to live.’  Grand is one of only two Chicago streets that reach Navy Pier.  On March 21, 1986, the property was rezoned from M1-2 manufacturing to a B1-2 as a mixed use of commercial and residential allowing residences.  With aged brick and limestone, this location is a throw-back by 143 years which serves as authentic proof of the neighborhood’s roots.  At night you can almost still hear the old horse’s horseshoes audaciously slapping atop the cobblestone pavers over Old Whiskey Point Road to arrive to the Noble Horse Companies stables, built after the great Chicago fire in 1871. 

The West Town community area supports a growing population of 85k and 38k total households.  With the majority of the population below 50 years of age, and a median Household income of over $100k.  Over 55% of the community areas are renter occupied housing.  Daniel La Spata is the local Alderman, as the property is located in Ward 1.  The West Town Chamber of Commerce throws the annual West Fest which started in 2004 and has slowly become one of Chicago's well attended street festivals which is partly attributable to the extra wide streets on Grand which used to support food vendors and retailers over a century ago.

Hidden gem alert, general inquiries for this corner lot space are welcome by email at Amanda@CoordianteProperties.com.