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    808 Cleveland Ave Chicago, IL 60610

    Sponsored
    For Lease
    $25 SF/Yr

    Class A, 2022 build, divisible spaces.

    Lot size:
    284,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A property, located at 808 N Cleveland Ave, Chicago, IL 60610, offers a unique blend of retail and office spaces in the vibrant River North submarket (CBD cluster). Built in 2022, this one-building, 22-story structure boasts 284,000 square feet of total space, with units divisible down to 2,000 square feet and a maximum contiguous space of 8,540 square feet. Currently, 5,300 square feet is available. The property features four elevators and ample parking. The building's design is striking, with a glass and steel façade maximizing natural light. Ground floor retail spaces feature 20-foot ceilings, while upper-floor office spaces offer stunning views of River North. The location is highly desirable, situated on a busy thoroughfare with excellent visibility and signage opportunities. The surrounding area is experiencing significant growth, with over 1000 new luxury residential units within a one-mile radius and a planned hotel and casino development. The property is zoned PD 477 and sits on a 43,560 square foot lot. This prime location offers unparalleled exposure and access to the central business district and River West. The property is ideal for a variety of uses, including creative, medical, traditional, and executive offices, as well as street retail and restaurants. Specific amenities are detailed in the property's operating manuals.

    Property Features for 808 Cleveland Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    284,000 SF
    Class
    A
    Total Rate
    591666.67

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    22

    Unit(s) available at that property

    Space
    4th Floor Office Space
    Size
    5,239 SF
    Rate per SF
    $25
    Space
    Retail Show Stopper - Ground FL
    Size
    7,860 SF
    Rate per SF
    $35
    Property Profile Location Intelligence

    Current Use by Public Records

    American Design Network Software Company

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Building Supply Daycare Center Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.641088873941
    Latitude
    41.896557730385

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    FAQs

    What type of property is this?
    Restaurant - Class A, 2022 build, divisible spaces.
    Where is this restaurant located?
    The property is located at 808 Cleveland Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $25-$35 SF/Yr.
    Request Owner's contact information
    808 Cleveland Ave 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
    808 Cleveland Ave Chicago, IL 60610
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