Second-Generation Restaurant Fronting Wells
For Lease
Contact for pricing
120 N La Salle St, Chicago, IL 60602
Restaurant space available for lease in a 40-story Class A office tower, with frontage on Wells Street.
Space Size13,727 SF
Days on Market805
Property Features for 120 N La Salle St
General Information
Standard status
Active
Size
13,727 SF
Class
A
Property subtype
OFFICE
Lease Type
NNN
Site & Location
Neighborhood
Loop
Building Details
Stories
40
Spaces For Lease
at 120 N La Salle St
120 N La Salle St
$29/SF/Yr
Floor
25
Size
13,727 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Located in the heart of the Central Business District along the prestigious LaSalle Street Corridor, 120 North LaSalle is a Class A 40-story office tower which includes amenities atypical of a traditional downtown office building.
In addition to being located across the street from City Hall and the County Building, 120 North LaSalle’s first-class amenities include valet assist parking, access to Chicago's underground pedway, a new fitness center, new rooftop deck and lounge area, full-time concierge service, conference room facilities, bike storage and restaurant service.
Contact us
Listing Agency:
Lincoln Property Company | Chicago
(312) 345-8780
Listed By:
Matt Hickey
(312) 345-8782
Source:
Moodyscre
Added: Aug 12, 2024
Changed: Oct 12
Last Checked: Oct 23 at 9:52AM
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 Lincoln Property Company | Chicago
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Investment Insights
Based on property information with market context.
120 N La Salle is a 40-story, Class A office building totaling 400,277 square feet, designed by legendary architect Helmut Jahn, located in Chicago’s financial district.
The available space fronts Wells Street and is positioned for a second-generation restaurant opportunity. The surrounding area is home to a mix of well-known retailers and hospitality concepts, including Walgreens and Potbelly, along with restaurants and dining options such as City Social, Randolph Tavern, Beatrix Market, Primebar, Kitchen United, Left Coast, 5411 Empanadas, Protein Bar, Benjyehuda, GRK Kitchen, and Dei Giovanni.
The suite size is listed as 4,740 square feet.
The available space fronts Wells Street and is positioned for a second-generation restaurant opportunity. The surrounding area is home to a mix of well-known retailers and hospitality concepts, including Walgreens and Potbelly, along with restaurants and dining options such as City Social, Randolph Tavern, Beatrix Market, Primebar, Kitchen United, Left Coast, 5411 Empanadas, Protein Bar, Benjyehuda, GRK Kitchen, and Dei Giovanni.
The suite size is listed as 4,740 square feet.
Key Highlights
- Restaurant space available for lease in a 40‑story Class A office tower
- Building fronts Wells Street
- Located in Chicago’s Financial District at 120 N. LaSalle
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
41,763
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 47%
Dining 30%
Apparel 18%
Shops & Services 6%
theWit Chicago - a DoubleTree by Hilton Hotel
Hotels & Casinos
35,939 visits/mo
0.3 miles
Saks OFF 5TH
Apparel
13,751 visits/mo
0.3 miles
Lou Malnati's Pizzeria
Dining
7,637 visits/mo
0.5 miles
The Smith
Dining
6,546 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,222 visits/mo
0.5 miles
Demographics for 60602, IL
1,261
Population
551
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
12,610
Density / Sq Mi
$123,047
Median Household Income
$43,500
Median Earnings
$2,775
Median Rent
$383,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Chicago, IL
$37 /SF/Yr
Avg Asking Price
$18–$88 /SF/Yr
Price Range
4,399 SF
Avg Space Size
This space is priced 22% below the average of $37 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Market Creations — 101 N Wacker Dr, Chicago, IL 60606
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space available for lease in a 40-story Class A office tower, with frontage on Wells Street.
Where is this conventional restaurant located?
The property is located at 120 N La Salle St Chicago, IL.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: Restaurant space available for lease in a 40‑story Class A office tower; Building fronts Wells Street; Located in Chicago’s Financial District at 120 N. LaSalle
