Ground-Floor Restaurant Corner
For Sale
Contact for pricing
555 W Kinzie St, Chicago, IL 60654
Corner restaurant space on the ground floor of an 848-unit high-rise includes substantial built-in infrastructure and ADA bathrooms.
Property Size920,778 SF
Price / SF$0.01
Days on Market161
Property Features for 555 W Kinzie St
General Information
Standard status
Active
Size
920,778 SF
Total Parking Spaces
700
Property subtype
Retail
Lease Term
NNN
Additional Details
Multifamily Units
848
Building Details
Building Size
920,778 SF
Year Built
2010
Properties For Sale
at 555 W Kinzie St
555 W. Kinzie
Size
6,172 SF
Type
Restaurant
Term
Negotiable
Listing Agency:
SVN | Chicago - Corporate
Listed By:
Wayne Caplan · License #475132248
(312) 529-5791
Source:
Svn
Added: May 14
Changed: Oct 16
Last Checked: Oct 20 at 5:58PM
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 SVN | Chicago - Corporate
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Investment Insights
Based on property information with market context.
Ground-floor retail/restaurant space is available within the Alta at K Station luxury hi-rise apartment complex. The restaurant-capable area offers substantial existing infrastructure, including black iron ductwork, HVAC, and electrical distributed throughout, along with ADA-compliant bathrooms. A second-floor office/storage/private dining area is included, and the layout allows for an outdoor dining component sized for roughly 80 to 100 seats.
The space is a corner location with approximately 105 feet of frontage on Kinzie. The building includes an attached indoor parking garage for about 1,700 cars, supporting convenient access for residents and visitors. Co-tenancy includes Shine Kinzie Spa, Brushhaus Dental, and Akumin MRI Center.
The asset is positioned at a high-density residential site with over 1,200 residents on-site, and it is described as being near major entertainment and employment destinations, including the Merchandise Mart and Bally’s Casino and entertainment complex scheduled to open in early 2027.
The space is a corner location with approximately 105 feet of frontage on Kinzie. The building includes an attached indoor parking garage for about 1,700 cars, supporting convenient access for residents and visitors. Co-tenancy includes Shine Kinzie Spa, Brushhaus Dental, and Akumin MRI Center.
The asset is positioned at a high-density residential site with over 1,200 residents on-site, and it is described as being near major entertainment and employment destinations, including the Merchandise Mart and Bally’s Casino and entertainment complex scheduled to open in early 2027.
Key Highlights
- ±6,172 SF ground‑floor corner restaurant‑capable space in the Alta at K Station luxury hi‑rise.
- 105 ft frontage on Kinzie, with room for an 80–100‑seat outdoor dining component.
- Substantial existing infrastructure including black iron ductwork, ADA‑compliant bathrooms, HVAC, and utility distribution.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,394
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,307,880
$2.3M
Cap Rate 7%
$1,648,486
$1.6M
Cap Rate 9%
$1,282,156
$1.3M
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$163.7K $26.40/SF
− Vacancy
−$9.8K −$1.58/SF
EGI
$153.9K $24.82/SF
− OpEx
−$38.5K −$6.20/SF
NOI
$115.4K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,307,880
Cap Rate 7%
$1,648,486
Cap Rate 9%
$1,282,156
Alternative Uses
Best Use
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,394 @ 7.0% cap · market cap 329,697.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,630 @ 7.0% cap · market cap 584,657.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
848
Residential units
Location Intelligence
Trade Area within ½ mile
21,947
Businesses Nearby
209k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Dining 32%
Shops & Services 9%
Hotels & Casinos 8%
Whole Foods Market
Groceries
48,567 visits/mo
0.4 miles
Punch Bowl Social
Dining
48,113 visits/mo
0.3 miles
Jewel-Osco
Groceries
37,290 visits/mo
0.1 miles
Binny's Beverage Depot
Groceries
18,399 visits/mo
0.5 miles
Hampton Inn Chicago Downtown West Loop
Hotels & Casinos
16,073 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
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Market
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 - Corner restaurant space on the ground floor of an 848-unit high-rise includes substantial built-in infrastructure and ADA bathrooms.
Where is this conventional restaurant located?
The property is located at 555 W Kinzie St Chicago, IL.
What are key features of this property?
This property features: ±6,172 SF ground‑floor corner restaurant‑capable space in the Alta at K Station luxury hi‑rise.; 105 ft frontage on Kinzie, with room for an 80–100‑seat outdoor dining component.; Substantial existing infrastructure including black iron ductwork, ADA‑compliant bathrooms, HVAC, and utility distribution.
