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Two-Story Restaurant Retail Building
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738 W Randolph St, Chicago, IL 60661

Two-story building on W Randolph Street currently occupied by a restaurant tenant under DX-5 zoning.

Property Size8,000 SF
Days on Market993

Property Features for 738 W Randolph St

General Information

Standard status Active
Size 8,000 SF
Property subtype RETAIL
Listing Agency: CRE Advising
Listed By: Joe Gloria · License #475128970
Source: Moodyscre
Added: Nov 10, 2023 Changed: Jul 25 Last Checked: Jul 29 at 12:48PM

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 CRE Advising

Investment Insights

Based on property information with market context.

Two-story restaurant retail building for sale at 738 W Randolph St, currently occupied by a restaurant tenant. The property is sized at approximately 8,000 square feet and is offered for either investment or owner-user use. Zoning is DX-5.

The building sits in Chicago’s West Loop near the gateway of Randolph Street, associated with the meatpacking district and the area’s restaurant corridor. Public remarks indicate it is steps from the Nobu Hotel and directly across from the anticipated 58-story Equinox Hotel, with additional development underway nearby.

According to the provided remarks, the site is near major transit lines, expressways, and the Chicago Loop, supporting a high-frequency pedestrian and visitor environment.

Key Highlights

  • Two‑story building on W Randolph Street currently occupied by a restaurant tenant
  • DX‑5 zoning
  • Gateway location at the Randolph Street entry to Chicago’s meatpacking district and restaurant row

Property Analytics

Current Use

KOMO Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Nursing Home Clothing & Fashion Store Adult Day Care Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

18,178
Businesses Nearby
239k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 38% Groceries 37% Hotels & Casinos 14% Shops & Services 7%
Whole Foods Market Groceries
48,567 visits/mo 0.2 miles
Punch Bowl Social Dining
48,113 visits/mo 0.2 miles
Jewel-Osco Groceries
37,290 visits/mo 0.2 miles
Hampton Inn Chicago Downtown West Loop Hotels & Casinos
16,073 visits/mo 0.2 miles
Shake Shack Dining
14,493 visits/mo 0.3 miles

Demographics for 60661, IL

11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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 - Two-story building on W Randolph Street currently occupied by a restaurant tenant under DX-5 zoning.
Where is this conventional restaurant located?
The property is located at 738 W Randolph St Chicago, IL.
What are key features of this property?
This property features: Two‑story building on W Randolph Street currently occupied by a restaurant tenant; DX‑5 zoning; Gateway location at the Randolph Street entry to Chicago’s meatpacking district and restaurant row
(847) 638-0828 Call to check price and availability
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