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    434 W Ontario St, Unit 4 Chicago, IL 60610

    For Lease
    $20 SF/Yr

    Turn-key restaurant space with fully equipped kitchen and banquet room.

    Property Features for 434 W Ontario St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1924

    Source: COLDWELL BANKER REALTY Agent BRUCE HELLER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space with Equipped Kitchen

    This second-generation restaurant space features a fully equipped kitchen that includes two commercial stoves (10-burners), a commercial grill, two fryers, a salamander, several prep stations, multiple ovens, and a pizza oven. The property also offers a lower-level banquet room with its own commercial bar, an individually controlled HVAC unit, a wine cellar, and a separate secure liquor cage. Several walk-in coolers and freezers, a dry pantry, and multiple ice makers are available, along with black iron. The space is in move-in condition and includes 15-foot ceilings in the entry area and an audio system. The property is located on the first floor, encompassing approximately 4,082 square feet, with an additional garden level of approximately 2,500 square feet. It features 600 AMP electric service. An office within the space includes a safe. The previous tenant had an outdoor patio setup. Furniture shown in photos is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Vein & Lymphatic ... Non-Profit Organization Phoukhong Carter Lamvichit Chiropractor Dr. Harris Jatoi Dentist Dr. Lindsay Diaz Dentist River North Dental ... Dentist

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    One Eleven Events, 1st & Fresh Catering, Just Like Home Catering, Luke's Lobster City Hall, Exquisite Soulz LLC

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6399499
    Latitude
    41.8933471

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant space with fully equipped kitchen and banquet room.
    Where is this restaurant located?
    The property is located at 434 W Ontario St, Unit 4 Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Fully equipped, move-in ready 2nd generation restaurant space.; - Includes a lower-level banquet room with a commercial bar and wine cellar.; - Extensive commercial kitchen equipment: multiple stoves, grill, fryers, ovens, pizza oven, and prep stations.
    (312) 266-7000
    Request Owner's contact information
    434 W Ontario St, Unit 4 Chicago, IL 60610
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    Chicago, IL 60610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    434 W Ontario St, Unit 4 Chicago, IL 60610
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