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    222 E Ontario St Chicago, IL 60611

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    For Sale
    Contact for pricing

    Freestanding building in Streeterville, ideal for hospitality or retail.

    Property size:
    5,846 SF
    Lot size:
    0.83 Acres

    Property Features for 222 E Ontario St

    General Information

    Size
    5,846 SF
    Lot size
    0.83 Acres

    Source: Newmark | Chicago Agent James (Jim) Schutter

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

    Overview

    Streeterville Freestanding Building Opportunity

    A freestanding building is available for sale in the Streeterville neighborhood. The property, previously home to a French restaurant since 1978, is offered as a vacant, turnkey opportunity. It is suitable for hospitality, retail, or commercial ventures. The building is located near North Michigan Avenue, also known as the Magnificent Mile, a retail destination with shopping, dining, and cultural attractions. Flagship retailers and unique destinations attract local residents and visitors. The area has a daytime population, supported by hospitals, universities, and residential communities. The property size is 5,846 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gragert Research Consultant Dr. Michael Gontarek Chiropractor Electric Hotel Night Club Olsys LTD Software Company Capital Luxury Consultant

    Suggested Use

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

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

    Similar Places Nearby

    One Eleven Events, 1st & Fresh Catering, Just Like Home Catering, Luke's Lobster City Hall, Exquisite Soulz LLC

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6217524
    Latitude
    41.8936279

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    FAQs

    What type of property is this?
    Restaurant - Freestanding building in Streeterville, ideal for hospitality or retail.
    Where is this restaurant located?
    The property is located at 222 E Ontario St Chicago, IL.
    What are key features of this property?
    This property features: - Prime Streeterville location near North Michigan Avenue (Magnificent Mile).; - Freestanding building offering a unique opportunity.; - Vacant and turnkey, ready for immediate use.
    (312) 698-6700
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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
    222 E Ontario St Chicago, IL 60611
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