Multi-Level Restaurant
400 N State Street, Chicago, IL 60654
For Lease
Contact for pricing
Redevelopment work includes new connections between the first and second floors, supporting a flexible restaurant layout.
Space Size6,500 SF
Days on Market40
Property Features for 400 N State Street
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Space Use
Site & Location
Neighborhood
Corner Location
Additional Details
Second-Generation Restaurant
Spaces For Lease
at 400 N State Street Contact us1st Floor Active
Size
6,500 SF
2nd Floor Active
Size
6,500 SF
Listing Agency:
Kain Real Estate
Listed By:
Allan Perales · License IL 478.027563
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 10 at 8:34AM
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
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.
At 400 N State Street in Chicago, the property offers approximately 13,000 SF across its first and second floors, with additional space on the lower level. The upper floors are being redeveloped for restaurant and entertainment use, and new internal connections link the two levels. Plans include dining and bar areas, lounge seating, private dining and event space, and back-of-house facilities. The lower level is planned for functions such as food preparation, storage and restrooms.
Work to date includes substantial demolition and infrastructure improvements. The corner location is at N State Street and W Kinzie Street in River North, within a dining, nightlife and entertainment corridor. State Street frontage is also part of the property’s street presence.
Work to date includes substantial demolition and infrastructure improvements. The corner location is at N State Street and W Kinzie Street in River North, within a dining, nightlife and entertainment corridor. State Street frontage is also part of the property’s street presence.
Key Highlights
- Approximately 13,000 SF across the first and second floors
- Additional lower‑level space for prep, storage, restrooms and other operations
- New internal connections between the first and second floors
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
39,915
Businesses Nearby
690k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Lease Benchmarks for Chicago, IL
$35.88 /SF/Yr
Avg Asking Price
$18–$87.5 /SF/Yr
Price Range
4,547 SF
Avg Space Size
Average Price Trend$/SF/Yr for Conventional restaurants in Chicago, IL
Properties on Market for Conventional restaurants in Chicago
Vacancy Rate% for Retail in Chicago, IL
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 connections between the first and second floors, supporting a flexible restaurant layout.
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: Approximately 13,000 SF across the first and second floors; Additional lower‑level space for prep, storage, restrooms and other operations; New internal connections between the first and second floors
