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Corner Restaurant Space with Patio
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871 N FRANKLIN ST, Chicago, IL 60610

First-floor restaurant space includes outdoor dining and dedicated basement storage in Chicago’s North Union Community.

Space Size6,900 SF
Property Size31,164 SF
Days on Market119

Property Features for 871 N FRANKLIN ST

General Information

Standard status Active
Size 6,900 SF
Property subtype Retail

Space & Availability

Floor 1 + Basement
Space Use Restaurant

Additional Details

Patio Yes

Building Details

Building Size 31,164 SF
Year Built 1920
Tenancy Multiple

Spaces For Lease

at 871 N FRANKLIN ST Contact us

1st Floor Restaurant

Size
6,900 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Kain Real Estate
Listed By: Allan Perales · License #478.027563
Source: Crexi
Added: May 8 Changed: Sep 2 Last Checked: Sep 1 at 6:07AM

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

Investment Insights

Based on property information with market context.

This conventional restaurant property provides 6,900 SF of first-floor interior space, complemented by a 2,000 SF exterior dining area. The layout also includes 1,100 SF of basement storage, adding functional support space for restaurant operations. Built in 1920, the property occupies a corner position at N Franklin Street and W Locust Street in Chicago’s North Union Community.

Key Highlights

  • 6,900 SF first‑floor interior restaurant space
  • 2,000 SF exterior dining area
  • 1,100 SF basement storage

Property Analytics

Current Use

Neely Building Heritage Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Butcher Daycare Center Nursing Home Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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

Market

Lease Benchmarks for Chicago, IL

$29.92 /SF/Yr
Avg Asking Price
$17–$64 /SF/Yr
Price Range
4,100 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - First-floor restaurant space includes outdoor dining and dedicated basement storage in Chicago’s North Union Community.
Where is this conventional restaurant located?
The property is located at 871 N FRANKLIN ST Chicago, IL.
What are key features of this property?
This property features: 6,900 SF first‑floor interior restaurant space; 2,000 SF exterior dining area; 1,100 SF basement storage
More about this property
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