416 W Ontario Street, Chicago, IL 60654
- Added:
- Oct 22, 2025
- Days on Market:
- 232
- Last Refresh:
- Jun 10 at 7:06 am
Property Features for 416 W Ontario Street
General Information
- Property type
- Commercial Lease
- Property subtype
- Retail
- Standard status
- Active
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 35299
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2003
- Floors in Building
- 1
Listing agent Larry Lazar License #475189346 (630) 929-1100
Listing office Charles Rutenberg Realty of IL 3135 Book Road, Naperville, IL (630) 929-1100
Listing date Oct 22, 2025
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey Restaurant Space: Fully equipped with a commercial kitchen, dining room furnishings, and smallwares.
- Prime River North Location: Situated in a high‑traffic area surrounded by restaurants, nightlife, and residences.
- Fully Built‑Out: Features a finished dining and kitchen area.
- Outdoor Seating: Includes a permitted outdoor patio area for alfresco dining.
- Size and Layout: Approximately 4,300 SF with 15‑foot ceilings, exposed brick, and two ADA‑compliant restrooms.
- Flexible Zoning: B3 zoning is ideal for a restaurant, retail, lounge, or cafe.
Overview
The property is located at 416 W Ontario Street in River North, on the street level for visibility. The listing notes the area as steps from LaSalle & Ontario and surrounded by established restaurants, nightlife, galleries, and high-end residences, with access to CTA, expressways, and downtown.
For operators, this configuration is suited to a downtown restaurant concept seeking a ready-to-open space without starting from scratch. The listing also states zoning B3, which may support restaurant use as well as retail, lounge, or cafe concepts within the same envelope, offering flexibility for an incoming tenant or owner-operator. Seating is indicated for 50+ in the provided remarks, and the space is described as previously operated as a restaurant.
Current Use by Public Records
Similar Places Nearby
- Market Creations — 101 N Wacker Dr, Chicago, IL 60606
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6394214
- Latitude
- 41.8933514