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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 Market420

Property Features for 222 E Ontario St

General Information

Standard status Active
Size 5,846 SF
Lot size 0.83 Acres
Property subtype RETAIL

Site & Location

Neighborhood Streeterville
Listing Agency: Newmark | Chicago
Listed By: James (Jim) Schutter · License #475102360
Source: Moodyscre
Added: Sep 8, 2025 Changed: Oct 26 Last Checked: Nov 1 at 6:37AM

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

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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

Who owns this building? See the owner, sales and loan history
Open Analytics

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

30,068
Businesses Nearby
613k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 53% Apparel 22% Hotels & Casinos 19% Shops & Services 6%
Nordstrom Apparel
136,729 visits/mo 0.2 miles
Starbucks Dining
132,317 visits/mo 0.1 miles
McDonald's Dining
65,567 visits/mo 0.4 miles
McDonald's Dining
52,443 visits/mo 0.4 miles
Fogo de Chao Dining
28,749 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

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 · Office Call to check price and availability
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