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    1212 S Michigan Ave Chicago, IL 60605

    For Lease
    Contact for pricing

    Fully built-out restaurant space with patio and deck in South Loop.

    Building Details

    Year built
    2000

    Source: STRAUSS REALTY LTD Agent PATRICK DUFFY

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Loop Restaurant Space Available

    This is a fully built-out restaurant space available for lease in a prime South Loop location. The space is currently operating as Aurelio's Pizza and is located at the base of a 344-unit high-rise building. The location offers high visibility and is near Grant Park and the Field Museum. The 800-unit NEMA tower is located across the street. The restaurant includes a patio and a second-floor deck. Included in the lease are black iron, an ansul system, a hood, sinks, and a grease trap. Equipment may be available for purchase separately. The restaurant has a seating capacity of 176, with the patio accommodating 29 and the deck accommodating 50. Roosevelt Road sees 20,200 vehicles per day (VPD), and Michigan Avenue sees 16,100 VPD. Area retailers include Trader Joe's, Jewel-Osco, Five Guys, Low Country, FFC, Jimmy John's, Nepal House, Flo Santos, and Giordano's. The property is steps from Columbia College and the Roosevelt Station (Red, Orange, Green Line).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Snap Fitness Chicago ... Gym Subway Sandwich Shop Stocker and O'Neil Consultant Avail Car Sharing Car Sharing Location LAZ Parking Parking Garage

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Similar Places Nearby

    A Tale of Two Chefs, LM Catering & Events, Melissa's Pal Crepes, Chartwells, Chicago Taco Catering

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6246461
    Latitude
    41.8670289

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    FAQs

    What type of property is this?
    Restaurant - Fully built-out restaurant space with patio and deck in South Loop.
    Where is this restaurant located?
    The property is located at 1212 S Michigan Ave Chicago, IL.
    What are key features of this property?
    This property features: - Prime South Loop location at the base of a 344-unit high-rise.; - Fully built-out restaurant space with existing infrastructure.; - High visibility location near Grant Park and the 800-unit NEMA tower.
    (773) 736-3600
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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
    1212 S Michigan Ave Chicago, IL 60605
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