Second-Generation Restaurant
For Lease
Contact for pricing
15 W Illinois St, Chicago, IL 60654
Fully built-out second generation restaurant space with exceptional visibility in Chicago’s River North neighborhood.
Property Size6,000 SF
Days on Market197
Property Features for 15 W Illinois St
General Information
Standard status
Active
Size
6,000 SF
Property subtype
RETAIL
Additional Details
Space Use
Restaurant
Listing Agency:
Canvas Real Estate
(312) 231-2600
Listed By:
Andrew Becker
(312) 231-2600
Source:
Moodyscre
Added: Jan 14
Changed: Jul 30
Last Checked: Jul 30 at 11:43AM
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
Fully built-out second generation restaurant space at 15 W. Illinois Street in Chicago’s River North neighborhood. The offering includes an existing restaurant buildout intended for immediate food and beverage use and is positioned for strong in-market visibility.
The location is in the core of River North and just three blocks from Michigan Avenue’s Magnificent Mile, benefiting from the surrounding concentration of hotels, class A offices, and luxury residential. The space also offers convenient access and strong signage potential.
At approximately 6,000 square feet, this is well suited for a high-profile restaurant brand looking to establish or expand within one of Chicago’s busiest dining corridors.
The location is in the core of River North and just three blocks from Michigan Avenue’s Magnificent Mile, benefiting from the surrounding concentration of hotels, class A offices, and luxury residential. The space also offers convenient access and strong signage potential.
At approximately 6,000 square feet, this is well suited for a high-profile restaurant brand looking to establish or expand within one of Chicago’s busiest dining corridors.
Key Highlights
- Approximately 6,000 SF fully built‑out second generation restaurant space
- Located in the core of Chicago’s River North neighborhood
- Just three blocks from Michigan Avenue’s Magnificent Mile
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
39,511
Businesses Nearby
661k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Apparel 21%
Hotels & Casinos 19%
Shops & Services 6%
Nordstrom
Apparel
136,729 visits/mo
0.2 miles
Starbucks
Dining
132,317 visits/mo
0.4 miles
McDonald's
Dining
65,567 visits/mo
0.2 miles
McDonald's
Dining
52,443 visits/mo
0.5 miles
theWit Chicago - a DoubleTree by Hilton Hotel
Hotels & Casinos
35,939 visits/mo
0.3 miles
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
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
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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 - Fully built-out second generation restaurant space with exceptional visibility in Chicago’s River North neighborhood.
Where is this conventional restaurant located?
The property is located at 15 W Illinois St Chicago, IL.
What are key features of this property?
This property features: Approximately 6,000 SF fully built‑out second generation restaurant space; Located in the core of Chicago’s River North neighborhood; Just three blocks from Michigan Avenue’s Magnificent Mile
