Restaurant-Ready Storefront
New
For Lease
$44 SF/Yr
230 W Chicago Avenue, Chicago, IL 60654
The space includes restaurant equipment, an unfinished basement, and access to nearby CTA rail and bus service.
Space Size1,800 SF
Days on Market4
Property Features for 230 W Chicago Avenue
General Information
Standard status
Active
Size
1,800 SF
Net Rentable
1,800 SF
Property subtype
COMMERCIAL
Space & Availability
Available Space
1,800 SF
Contiguous Space
1,800 SF
Space Use
Restaurant
Additional Details
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$20,765
Amenities
basement storage
Building Details
Year Built
1883
Listing Agency:
MO2 Brokerage LLC
Listed By:
Giancarlo Iannotta · License #475195344
(773) 661-2772
Source:
Harkinsandassociates
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 2:31PM
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 MO2 Brokerage LLC
Investment Insights
Based on property information with market context.
This approximately 1,800-square-foot storefront is currently configured for restaurant use, with existing equipment available to the next tenant. An unfinished basement provides additional storage area. The property dates to 1883 and presents directly along Chicago Avenue, offering storefront exposure in a walkable commercial setting.
The space is across from the CTA Brown and Purple Line station and the 66 Chicago bus route. The surrounding area includes residential buildings, offices, restaurants, hotels, and neighborhood businesses, creating a mix of nearby commercial and residential activity. The location is in Chicago’s River North area.
The space is across from the CTA Brown and Purple Line station and the 66 Chicago bus route. The surrounding area includes residential buildings, offices, restaurants, hotels, and neighborhood businesses, creating a mix of nearby commercial and residential activity. The location is in Chicago’s River North area.
Key Highlights
- Approximately 1,800 SF of storefront space
- Existing restaurant equipment remains available to the next tenant
- Unfinished basement provides additional storage
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
12,400
Businesses Nearby
296k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 12%
Hotels & Casinos 6%
Groceries 6%
McDonald's
Dining
65,567 visits/mo
0.4 miles
McDonald's
Dining
52,443 visits/mo
0.5 miles
Fogo de Chao
Dining
28,749 visits/mo
0.3 miles
Binny's Beverage Depot
Groceries
18,399 visits/mo
0.5 miles
Starbucks
Dining
14,037 visits/mo
0.1 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
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Market
Lease Benchmarks for Chicago, IL
$27.22 /SF/Yr
Avg Asking Price
$11–$133 /SF/Yr
Price Range
3,744 SF
Avg Space Size
This space is priced 62% above the average of $27.22 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Storefront property - The space includes restaurant equipment, an unfinished basement, and access to nearby CTA rail and bus service.
Where is this storefront property located?
The property is located at 230 W Chicago Avenue Chicago, IL.
What is the lease rate?
The lease rate is $44 SF/Yr.
What are key features of this property?
This property features: Approximately 1,800 SF of storefront space; Existing restaurant equipment remains available to the next tenant; Unfinished basement provides additional storage
