Greenstone Partners has arranged the sale of 1012 W. Randolph Street, a fully occupied mixed-use asset on Restaurant Row in Chicago’s Fulton Market neighborhood. The property drew investor interest for its location in a dense dining and entertainment corridor, as well as its blend of retail and residential income.
The four-story building totals approximately 6,500 square feet and combines ground-floor retail with three loft-style residential apartments on the upper floors. At the time of the transaction, both the retail and residential components were fully leased, providing the buyer with a stabilized income stream at closing.
The asset traded for $4.05 million. Greenstone Partners’ Managing Partner Danny Spitz and Investment Associate Tom Galvin brokered the transaction on behalf of the seller. The buyer is Los Angeles-based Foundational Real Estate, which acquired the property as a leased investment in one of Chicago’s most active urban submarkets.
The retail portion of 1012 W. Randolph is leased to Roti Modern Mediterranean, anchoring the ground floor with a food-and-beverage tenant that aligns with the Restaurant Row setting. Above, the three loft-style apartments add a residential component that diversifies the property’s income profile beyond a single use.
Spitz noted that investors responded to the combination of a premier Fulton Market address, multiple income streams, and the scarcity of similar opportunities in the area. The surrounding blocks feature nationally recognized restaurants, luxury hotels, new and existing office buildings, and major corporate headquarters, including those of Google and McDonald’s, reinforcing the appeal of the micro-location for long-term investment.
The sale underscores continued investor focus on urban mixed-use product in established dining and employment nodes within Chicago. With the property fully leased and positioned among institutional-grade neighbors, the trade reflects sustained demand for smaller-scale assets that offer both stable occupancy and exposure to high-traffic corridors.
Separately, Connect CRE is promoting Connect Texas Multifamily, a conference scheduled for August 13 in Dallas, which will bring together multifamily owners, developers, investors, lenders, and brokers for discussions on trends shaping Texas real estate markets.
