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    738 W Randolph St Chicago, IL 60661

    For Sale
    Contact for pricing

    Two-story building in Chicago's vibrant West Loop for sale.

    Property size:
    8,000 SF
    Lot size:
    0.07 Acres

    Property Features for 738 W Randolph St

    General Information

    Size
    8,000 SF
    Lot size
    0.07 Acres

    Source: CRE Advising Agent Joe Gloria

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

    Overview

    West Loop Two-Story Building

    This rarely available two-story building is located in the heart of Chicago's vibrant West Loop. It presents a great investment or owner-user opportunity and is currently occupied by a restaurant tenant. Situated at the gateway of Randolph Street, the premier street of the meatpacking district and Chicago's restaurant row, the area attracts customers from throughout the city and country. The area is home to Chicago's most celebrated restaurants, as well as the new McDonald's headquarters, Google, Soho House, and Hoxton Hotel. Unprecedented development surrounds the area. The property is steps away from the Nobu Hotel and directly across from the highly anticipated 58-story Equinox Hotel, with many other hotels taking shape in the area. It offers amazing exposure and visibility with the highest traffic counts in the Fulton/Randolph market. The property is near major transit lines, expressways, and the Chicago Loop. Demographics are ideal for any commercial retail use, such as a restaurant, office, or showroom. The property size is 8,000 square feet. The 2021 taxes were $46,092.14. The zoning is DX-5.
    Insight Report Location Intelligence

    Current Use by Public Records

    KOMO Japanese Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Robertglenn Catering, Spoonfuls Catering, LunchBots, Soderra Inc, Emery Hospitality

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6472017
    Latitude
    41.884827

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    FAQs

    What type of property is this?
    Restaurant - Two-story building in Chicago's vibrant West Loop for sale.
    Where is this restaurant located?
    The property is located at 738 W Randolph St Chicago, IL.
    What are key features of this property?
    This property features: - Prime West Loop location at the gateway of Randolph Street with high visibility and traffic.; - Investment or owner-user opportunity with existing restaurant tenant.; - Surrounded by unprecedented development, including Nobu Hotel and the upcoming Equinox Hotel.
    (312) 448-6401
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    738 W Randolph St Chicago, IL 60661
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    Chicago, IL 60661
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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
    738 W Randolph St Chicago, IL 60661
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