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Restaurant Space with Chef’s Kitchen
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1312 S Wabash Avenue, Chicago, IL 60605

Commercial Lease, Chicago, IL

Space SizeContact for details
Days on Market164

Property Features for 1312 S Wabash Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning MULTI
Directions Roosevelt (1200 South) to Wabash, 1 block west of Michigan, South to 1312
Subdivision CHI - Near South Side
Standard status Active

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 82630

Utilities

Utilities Water Available
Cooling system Zoned, Exhaust Fan (Cooling), Central Air

Amenities

digital programmable signage

Building Details

Year built 1890
Floors in Building 4
Number of units 1
Flooring type Wood, Tile
Building materials Brick
Roof type Rubber
Listing Agency: Thornton Properties of Chicago INC
Listed By: Kevin Thornton
Added: Apr 17 Changed: Sep 12 Last Checked: Sep 27 at 3:06AM
MLS# 12622417

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Restaurant space at 1312 S Wabash Avenue in Chicago’s South Loop with a 2020 buildout and a layout designed for full-service dining. The premises include a main bar, back bar, three dining areas, a chef’s table private dining room, sidewalk seating, and a large basement. The ground level contains 7000 SF, with an additional 5000 SF below grade.

The chef’s kitchen includes new hoods, plumbing, electrical, and HVAC systems serving the space. New overhead and sidewalk-level digital programmable signage is also in place. Additional property details include brick construction, wood and tile flooring, zoned cooling, central air, an exhaust fan cooling system, water availability, and a rubber roof. The building dates to 1890 and is zoned MULTI.

Key Highlights

  • 7000 SF ground level plus 5000 SF basement
  • 2020 restaurant buildout with new hoods, plumbing, electrical, and HVAC
  • Main bar, back bar, three dining areas, and chef’s table private dining room

Property Analytics

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Current Use

Signature Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Carpet & Flooring Store Florist Mobile Phone Store

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

Lease Details

Yes
Commercial hood
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,377
Businesses Nearby
274k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 48% Groceries 35% Apparel 7% Hotels & Casinos 4%
Target Superstores
131,620 visits/mo 0.4 miles
Mariano's Groceries
50,480 visits/mo 0.4 miles
Jewel-Osco Groceries
46,012 visits/mo 0.2 miles
H&M Apparel
18,041 visits/mo 0.4 miles
Dunkin' Donuts Dining
7,724 visits/mo 0.3 miles

Demographics for 60605, IL

34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$38.52 /SF/Yr
Avg Asking Price
$18–$88 /SF/Yr
Price Range
4,251 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Recently completed buildout includes dining rooms, bar areas, private dining, and sidewalk seating.
Where is this conventional restaurant located?
The property is located at 1312 S Wabash Avenue Chicago, IL.
What are key features of this property?
This property features: 7000 SF ground level plus 5000 SF basement; 2020 restaurant buildout with new hoods, plumbing, electrical, and HVAC; Main bar, back bar, three dining areas, and chef’s table private dining room
More about this property
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