Second-Generation Restaurant
For Lease
Contact for pricing
328 North Michigan Avenue, Chicago, IL 60601
Second-generation restaurant space features a Type I black-iron hood and included basement storage for tenant use.
Days on Market38
Property Features for 328 North Michigan Avenue
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Commercial Hood
Yes
Listing Agency:
Mid-America Real Estate Group | Chicago
(630) 481-4038
Listed By:
Lara Keene · License #475144046
Source:
Midamericagrp
Added: Jun 24
Changed: Jul 22
Last Checked: Jul 30 at 5:01AM
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 Mid-America Real Estate Group | Chicago
Investment Insights
Based on property information with market context.
Second-generation restaurant space offering an existing Type I black-iron hood for food service operations. Additional basement storage space is available at no additional cost to the tenant.
The space is located on Chicago’s Cultural Mile between the Chicago River and Millennium Park, surrounded by major hotels, offices, attractions, and residential density.
This layout supports restaurant use with on-site hood infrastructure and added storage in the basement, helping streamline daily operations.
The space is located on Chicago’s Cultural Mile between the Chicago River and Millennium Park, surrounded by major hotels, offices, attractions, and residential density.
This layout supports restaurant use with on-site hood infrastructure and added storage in the basement, helping streamline daily operations.
Key Highlights
- Second‑generation restaurant space with an existing Type I black‑iron hood
- Basement storage space included for tenant use at no additional cost
- Located on Chicago’s Cultural Mile between the Chicago River and Millennium Park
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
31,865
Businesses Nearby
117k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 55%
Shops & Services 23%
Apparel 12%
Dining 10%
theWit Chicago - a DoubleTree by Hilton Hotel
Hotels & Casinos
35,939 visits/mo
0.3 miles
Sheraton Grand Chicago Riverwalk
Hotels & Casinos
28,646 visits/mo
0.5 miles
BP
Shops & Services
25,664 visits/mo
0.1 miles
Saks OFF 5TH
Apparel
13,751 visits/mo
0.3 miles
McDonald's
Dining
9,419 visits/mo
0.1 miles
Demographics for 60601, IL
15,814
Population
10,727
Households
1.5
Avg Household Size
36
Median Age
86%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
39,535
Density / Sq Mi
$127,323
Median Household Income
$100,078
Median Earnings
$2,451
Median Rent
$495,400
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$35.06 /SF/Yr
Avg Asking Price
$19.5–$55 /SF/Yr
Price Range
2,881 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Similar Off Market Nearby
- Market Creations — 101 N Wacker Dr, Chicago, IL 60606
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Second-generation restaurant space features a Type I black-iron hood and included basement storage for tenant use.
Where is this conventional restaurant located?
The property is located at 328 North Michigan Avenue Chicago, IL.
What are key features of this property?
This property features: Second‑generation restaurant space with an existing Type I black‑iron hood; Basement storage space included for tenant use at no additional cost; Located on Chicago’s Cultural Mile between the Chicago River and Millennium Park
