Investment Overview
The Trio Retail Center is located at 328 N. Desplaines Street, Chicago, IL 60661, in the Fulton River District near the West Loop. It is a mixed-use development featuring 10,253sf of retail space (subject property) with residential units above, with high visibility at a signalized intersection and proximity to the Clinton Station (Green and Pink Lines) and Grand Avenue Station (Blue Line).
Investment Highlights
- Mixed-Use Development: The center includes approximately 10,000 SF of retail space, a 65,000 SF Jewel-Osco grocery store, and a 100-unit luxury apartment tower, creating a built-in customer base and vibrant community.
- High Visibility: Located at a signalized intersection with 314 feet of frontage on N. Des Plaines Street, it ensures excellent exposure to both pedestrian and vehicular traffic.
- Transit Accessibility: It's within walking distance to Clinton Station (Green and Pink Lines) and Grand Avenue Station (Blue Line), making it highly accessible via public transportation.
- Strong Demographics: The area boasts a population of over 450,000 within a 3-mile radius and an average household income of $125,000, indicating strong purchasing power.
- Shadow Anchored by Jewel-Osco: This major grocery store draws consistent foot traffic, benefiting surrounding retailers.
- Retail Synergy: Tenants include Chase Bank, Bentley’s Pet Stuff, The Joint Chiropractic, and Dentistrie, contributing to a diverse and complementary retail mix.
- Parking Availability: The center offers 117 parking spaces, which is a valuable amenity in a dense urban setting.
- Neighborhood Appeal: Situated in the Fulton River District, part of the booming West Loop, the area is known for its upscale residential and commercial growth, attracting tech companies, hospitality, and lifestyle brands.