Greenstone Partners is pleased to announce the successful sale of 2835 N Clark Street, a stabilized mixed-use investment property located in Chicago’s highly sought-after Lakeview neighborhood. The asset sold for $3,125,000, or $343 per square foot, in an off-market transaction to an Illinois-based investor.
The property comprises approximately 9,100 rentable square feet and features a strong mixed-use configuration with retail and residential components. The ground floor is occupied by Club Pilates, a boutique fitness brand with more than 1,400 locations worldwide, providing stable retail tenancy along one of Lakeview’s most active commercial corridors.
The upper three floors consist of six condominium-quality residential apartments, each configured as two-bedroom, two-bathroom units, offering modern layouts in a prime urban setting.
Situated in the heart of Lakeview, the property benefits from a vibrant live-work-play environment that continues to attract both residents and retailers. The surrounding retail corridor includes numerous national brands such as Bluemercury, Banana Republic, Target, and Trader Joe’s, reinforcing the area’s reputation as one of Chicago’s premier shopping and dining destinations.
Danny Spitz and Tom Galvin of Greenstone Partners exclusively represented the seller, a private local partnership. The buyer, a Chicago-area private partnership, was procured off market by Greenstone Partners’ Jordan Multack and Danny Spitz.
This transaction highlights continued investor demand for stabilized mixed-use assets in Chicago’s top urban neighborhoods, particularly those combining durable retail tenancy with high-quality residential components.