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    1113 W Randolph St Chicago, IL 60607

    For Sale
    $5,500,000

    Land - Chicago, IL

    Days on Market:
    131
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 1113 W Randolph St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTHER
    APN
    17084360040000

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    Dream Town Realty (312) 265-8000 [email protected]

    Listing agent Peter Fotopoulos (312) 265-8000 License #471010854

    Listing date Jul 29, 2025

    MLS# 12422669 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Loop Restaurant Row Opportunity

    Located on Randolph Street in the West Loop/Fulton Market neighborhood, this three-story building presents an opportunity for restaurant or upscale boutique retail space. Situated on a 5000 square foot lot, the property contains approximately 11,375 square feet. The high-rise mixed-use zoning allows for retail and office space, along with condo/apartment units above. The ground floor measures 3250 square feet, with an adjacent 1625 square foot covered patio. The basement level is set up for a commercial kitchen. Both upper floors are 3250 square feet and feature an equally sized built-out roof deck with elevator access from all floors. The interior of the building is an open concept shell, with updated-to-code electrical, gas, and utilities. The property is located near the Google and McDonalds Corporate Headquarters, Restaurant Row, and major multi-family developments. It is one block from CTA Green Line public transportation, a three-minute drive to I-90, and 10 minutes to Chicago's Financial District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Entertaining Company, Blue Plate, Occasions Chicago, Boutique Bites, Butter and Vine

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6549668
    Latitude
    41.8839766

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    FAQs

    What type of property is this?
    Restaurant - Three-story building on Randolph Street in the West Loop.
    Where is this restaurant located?
    The property is located at 1113 W Randolph St Chicago, IL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Prime location on Randolph Street in the West Loop/Fulton Market neighborhood.; - High-rise mixed-use zoning allows for retail, office, condo, or apartment units.; - Approximately 11,375 square feet with a 3250 square foot ground floor and a 1625 square foot covered patio.
    (312) 265-8000
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1113 W Randolph St Chicago, IL 60607
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