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Streeterville Freestanding Building Opportunity
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222 E Ontario St, Chicago, IL

Freestanding building in Streeterville, ideal for hospitality or retail.

Property Size5,846 SF
Lot Size0.83 Acres
Days on Market371

Property Features for 222 E Ontario St

General Information

Standard status Active
Size 5,846 SF
Lot size 0.83 Acres
Property subtype RETAIL
Listing Agency: Newmark | Chicago
Listed By: James (Jim) Schutter · License #475102360
Source: Moodyscre
Added: Sep 8, 2025 Changed: Sep 8 Last Checked: Sep 12 at 10:20AM

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 Newmark | Chicago

Investment Insights

Based on property information with market context.

A freestanding building is available for sale in the Streeterville neighborhood. The property, previously home to a French restaurant since 1978, is offered as a vacant, turnkey opportunity. It is suitable for hospitality, retail, or commercial ventures. The building is located near North Michigan Avenue, also known as the Magnificent Mile, a retail destination with shopping, dining, and cultural attractions. Flagship retailers and unique destinations attract local residents and visitors. The area has a daytime population, supported by hospitals, universities, and residential communities. The property size is 5,846 square feet.

Key Highlights

  • Prime Streeterville location near North Michigan Avenue (Magnificent Mile).
  • Freestanding building offering a unique opportunity.
  • Vacant and turnkey, ready for immediate use.

Property Analytics

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Current Use

Gragert Research Consultant Dr. Michael Gontarek Alternative Medicine Practice Electric Hotel Nightclub Olsys LTD (Bike/Boat/Book/etc) Store Capital Luxury Consultant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Tattoo & Piercing Shop Pet Grooming Service Nursing Home

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

26,147
Businesses Nearby
428k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 45% Apparel 32% Hotels & Casinos 18% Shops & Services 6%
Nordstrom Apparel
136,729 visits/mo 0.3 miles
Starbucks Dining
132,317 visits/mo 0.2 miles
McDonald's Dining
52,443 visits/mo 0.5 miles
Sheraton Grand Chicago Riverwalk Hotels & Casinos
28,646 visits/mo 0.3 miles
Hampton Inn & Suites Chicago Downtown By Hilton Hotels & Casinos
26,716 visits/mo 0.5 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

  • 1st & Fresh Catering 205 W Randolph St Ll1, Chicago, IL 60606
  • Luke's Lobster City Hall 134 N La Salle St, Chicago, IL 60602
  • Just Like Home Catering 111 N Wabash Ave, Chicago, IL 60602
  • Exquisite Soulz LLC 111 N Wabash Ave Ste 100 #3187, Chicago, IL 60602
  • One Eleven Events 111 N State St #7, Chicago, IL 60602

Frequently Asked Questions

What type of property is this?
Restaurant - Freestanding building in Streeterville, ideal for hospitality or retail.
Where is this restaurant located?
The property is located at 222 E Ontario St Chicago, IL.
What are key features of this property?
This property features: Prime Streeterville location near North Michigan Avenue (Magnificent Mile).; Freestanding building offering a unique opportunity.; Vacant and turnkey, ready for immediate use.
(312) 224-3210 Call to check price and availability
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