Restaurant Space in River
For Lease
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230 West Erie Street, Chicago, IL 60654
3,542 SF restaurant space in Chicago's vibrant River North.
Property Size3,542 SF
Days on Market250
Property Features for 230 West Erie Street
General Information
Standard status
Active
Size
3,542 SF
Property subtype
Retail
Listing Agency:
CBRE | Chicago
(312) 935-1907
Listed By:
Stephen Ansani
(312) 935-1907
Source:
Cbre
Added: Nov 22, 2025
Changed: Jul 6
Last Checked: Jul 30 at 3:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Chicago
Investment Insights
Based on property information with market context.
This 3,542 SF ground-floor restaurant space, located at the northeast corner of Franklin & Erie, offers existing infrastructure and a prime corner location with excellent visibility, signage potential, and strong street presence. Situated in the heart of Chicago’s vibrant River North neighborhood, a hub for dining, nightlife, and creative industries, the space benefits from exceptional visibility and foot traffic. The surrounding area features a high concentration of affluent professionals and a dense daytime population, making it ideal for lunch, happy hour, and dinner service. The location offers excellent proximity to major employers, luxury residential buildings, and boutique hotels. The space will be available 7/1/2026, offering a turnkey solution for experienced operators.
Key Highlights
- Prime corner location at Franklin & Erie in River North with exceptional visibility and foot traffic.
- 3,542 SF of ground‑floor restaurant space with existing infrastructure.
- Located in a vibrant hub for dining, nightlife, and creative industries.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
19,004
Businesses Nearby
282k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Hotels & Casinos 25%
Shops & Services 11%
Groceries 7%
McDonald's
Dining
65,567 visits/mo
0.3 miles
Fogo de Chao
Dining
28,749 visits/mo
0.2 miles
Hampton Inn & Suites Chicago Downtown By Hilton
Hotels & Casinos
26,716 visits/mo
0.4 miles
Hyatt Place Chicago/River North
Hotels & Casinos
22,052 visits/mo
0.3 miles
Binny's Beverage Depot
Groceries
18,399 visits/mo
0.1 miles
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$32.3 /SF/Yr
Avg Asking Price
$16–$65 /SF/Yr
Price Range
7,177 SF
Avg Space Size
Properties on Market for Restaurants in Chicago
Vacancy Rate% for Retail in Chicago, IL
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- Exquisite Soulz LLC — 111 N Wabash Ave Ste 100 #3187, Chicago, IL 60602
Frequently Asked Questions
What type of property is this?
Restaurant - 3,542 SF restaurant space in Chicago's vibrant River North.
Where is this restaurant located?
The property is located at 230 West Erie Street Chicago, IL.
What are key features of this property?
This property features: Prime corner location at Franklin & Erie in River North with exceptional visibility and foot traffic.; 3,542 SF of ground‑floor restaurant space with existing infrastructure.; Located in a vibrant hub for dining, nightlife, and creative industries.
