Bi-Level Restaurant
For Lease
Contact for pricing
868 N Franklin St, Chicago, IL 60610
Ground-floor and lower-level configuration supports full-service dining, bar operations, and private events.
Space Size3,874 SF
Property Size11,559 SF
Days on Market291
Property Features for 868 N Franklin St
General Information
Standard status
Active
Size
3,874 SF
Net Rentable
11,559 SF
Property subtype
RETAIL
Space & Availability
Available Space
11,559 SF
Contiguous Space
11,559 SF
Floor
Ground + Lower Level
Space Use
Restaurant
Site & Location
Neighborhood
Near North Side
Spaces For Lease
at 868 N Franklin St
868 N Franklin St
AVAILABLE, Now
Floor
LL
Size
3,874 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Premier bi-level restaurant opportunity totaling 11,559 SF, delivered in pristine condition with an efficient ground floor and lower-level configuration ideal for full-service dining, bar, and private events.
- Immediately adjacent to JDL Development’s North Union, a ~3.5 million SF master-planned mixed-use redevelopment of the former Moody Bible campus delivering thousands of new residential units, ground-floor retail, and public open space.
- Situated within a rapidly densifying River North / Near North corridor, benefiting from sustained residential growth and long-term neighborhood transformation.
- Strong surrounding fundamentals supported by dense residential, nearby office, and walkable lifestyle amenities.
- Second-generation restaurant infrastructure in place, allowing an experienced operator to materially reduce build-out cost and accelerate time to opening.
Contact us
Listing Agency:
Canvas Real Estate
(773) 887-8212
Listed By:
Anthony Campagni
(847) 651-8669
Source:
Moodyscre
Added: Jan 14
Changed: Oct 25
Last Checked: Oct 30 at 5:46PM
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 Canvas Real Estate
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Investment Insights
Based on property information with market context.
This bi-level restaurant property is configured with an efficient ground floor and lower level for full-service dining, bar operations, and private events. Second-generation restaurant infrastructure is already in place, supporting a more direct path to opening for an experienced operator.
The property is immediately adjacent to JDL Development’s North Union, a ~3.5 million SF master-planned mixed-use redevelopment of the former Moody Bible campus. North Union is planned to include thousands of new residential units, ground-floor retail, and public open space. The surrounding River North / Near North corridor also includes dense residential, nearby office, and walkable lifestyle amenities.
The property is immediately adjacent to JDL Development’s North Union, a ~3.5 million SF master-planned mixed-use redevelopment of the former Moody Bible campus. North Union is planned to include thousands of new residential units, ground-floor retail, and public open space. The surrounding River North / Near North corridor also includes dense residential, nearby office, and walkable lifestyle amenities.
Key Highlights
- Bi‑level restaurant configuration with ground‑floor and lower‑level space
- Configured for full‑service dining, bar operations, and private events
- Second‑generation restaurant infrastructure is in place
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
12,400
Businesses Nearby
296k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 12%
Hotels & Casinos 6%
Groceries 6%
McDonald's
Dining
65,567 visits/mo
0.4 miles
McDonald's
Dining
52,443 visits/mo
0.5 miles
Fogo de Chao
Dining
28,749 visits/mo
0.3 miles
Binny's Beverage Depot
Groceries
18,399 visits/mo
0.5 miles
Starbucks
Dining
14,037 visits/mo
0.1 miles
Demographics for 60610, IL
43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
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
$37.82 /SF/Yr
Avg Asking Price
$18–$88 /SF/Yr
Price Range
4,362 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Ground-floor and lower-level configuration supports full-service dining, bar operations, and private events.
Where is this conventional restaurant located?
The property is located at 868 N Franklin St Chicago, IL.
What are key features of this property?
This property features: Bi‑level restaurant configuration with ground‑floor and lower‑level space; Configured for full‑service dining, bar operations, and private events; Second‑generation restaurant infrastructure is in place
