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    324 S Racine Ave Chicago, IL 60607

    For Lease
    $32 SF/Yr

    Prime location in Chicago's West Loop, suitable for diverse businesses.

    Property Features for 324 S Racine Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1950

    Source: SPERRY VAN NESS Agent MARCUS SULLIVAN

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

    Overview

    West Loop Prime Leasing Opportunity

    Located at 324 South Racine Avenue in Chicago's West Loop, this property presents a leasing opportunity suitable for a range of commercial uses. The space features expansive floor plans, flexible layouts, and abundant natural light. Previously a full bar and restaurant, the existing buildout can transition into various business models. The zoning allows for diverse uses, including restaurant, office, medical facility, or creative studio. Situated in one of Chicago’s fastest-growing neighborhoods, the property combines the energy of the West Loop with a professional setting. The open, adaptable design and premier location provide a foundation for business operations. The property offers both prestige and functionality, positioning businesses for success.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    chicago griffins rfc Rugby Club Malibu Barbie Cafe Bar Malibu Barbie Cafe ... Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Moe's Southwest Grill, Apple Spice Box Lunch Delivery & Catering Chicago, IL, JJ Catering & Events, Taylor's Tacos, Jarabe - Taqueria

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6573455
    Latitude
    41.8770273

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    FAQs

    What type of property is this?
    Restaurant - Prime location in Chicago's West Loop, suitable for diverse businesses.
    Where is this restaurant located?
    The property is located at 324 S Racine Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Prime West Loop location in a rapidly growing area, offering high visibility and accessibility.; - Flexible zoning allows for diverse commercial uses (restaurant, office, medical, studio, etc.).; - Expansive floor plans and adaptable layouts to suit various business needs.
    (312) 676-1866
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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
    324 S Racine Ave Chicago, IL 60607
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