Search
Restaurant Property Under Redevelopment

400 N State Street, Chicago, IL 60654

For Sale
Contact for pricing

Redevelopment work includes new interior connections between the first and second floors.

Property SizeContact for details
Days on Market39

Property Features for 400 N State Street

General Information

Standard status Active
Property subtype Retail

Site & Location

Neighborhood Near North Side
Listing Agency: Kain Real Estate
Listed By: Allan Perales · License #478.027563
Source: Crexi
Added: Oct 2 Changed: Nov 8 Last Checked: Nov 8 at 2:40PM

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 Kain Real Estate

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This restaurant property at 400 N State Street is undergoing redevelopment. Work has included demolition, infrastructure improvements, and new internal connections between the first and second floors. The property is at the corner of N State Street and W Kinzie Street in Chicago’s River North neighborhood, with frontage along State Street.

Key Highlights

  • Redevelopment work includes demolition and infrastructure improvements
  • New internal connections link the first and second floors
  • Corner location at N State Street and W Kinzie Street with State Street frontage

Property Analytics

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

Current Use

Dough Bros Pizzeria ... Restaurant 312photobooth.com (Bike/Boat/Book/etc) Store Harold Washington Library ... Public Library Thomas Hughes Children's ... Public Library Business Science & Technology City Government Office

Suggested Use

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

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

39,915
Businesses Nearby
690k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 49% Hotels & Casinos 23% Apparel 20% Shops & Services 6%
Nordstrom Apparel
136,729 visits/mo 0.1 miles
Starbucks Dining
132,317 visits/mo 0.3 miles
McDonald's Dining
65,567 visits/mo 0.3 miles
McDonald's Dining
52,443 visits/mo 0.4 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Conventional restaurants in Chicago, IL

$199 Jul
$200 Aug
$248 Sep
$216 Oct

Properties on Market for Conventional restaurants in Chicago

Jul
Aug
Sep
Oct

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

  • Market Creations — 101 N Wacker Dr, Chicago, IL 60606

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Redevelopment work includes new interior connections between the first and second floors.
Where is this conventional restaurant located?
The property is located at 400 N State Street Chicago, IL.
What are key features of this property?
This property features: Redevelopment work includes demolition and infrastructure improvements; New internal connections link the first and second floors; Corner location at N State Street and W Kinzie Street with State Street frontage
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved