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    110 Pearson St Chicago, IL 60611

    Sponsored
    For Lease
    Contact for pricing

    Prime Gold Coast Restaurant Opportunity

    Lot size:
    7,515 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,463 square foot retail space at 110 E Pearson St, Chicago, offers unparalleled visibility on the Magnificent Mile. Completely renovated in 2022, this single-tenant property features 72 feet of street frontage across from the Chicago Water Tower, providing tremendous signage opportunities. The space, formerly Bar Toma, is a "vanilla box" offering flexibility for various retail concepts, particularly restaurants. Ceiling heights vary, ranging from 10'0" to 15'2" on the ground floor and 7'11" to 12'9" on the mezzanine. Column spacing is generous at 16'0" vertically and 27'0" horizontally. Built in 1972, this one-story building presents a unique chance to establish a high-impact presence in one of the nation's premier shopping districts, surrounded by luxury retailers on Oak, Rush, and Walton Streets. The property's location within the Gold Coast submarket ensures high foot traffic and brand recognition. This is an exceptional investment opportunity in a highly desirable location. No parking is available on-site.

    Property Features for 110 Pearson St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,515 SF

    Building Details

    Year Built/Renovated
    1972/2022
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    7,515 SF

    HighLights

    • 9,463 SF retail space at 110 E Pearson St, Chicago, IL, in the Magnificent Mile submarket.
    • High‑visibility, prime Gold Coast location across from the Chicago Water Tower, offering excellent branding opportunities.
    • 72 feet of street frontage with exceptional signage potential.
    • Variable ceiling heights: 10'0"-15'2" on the ground floor and 7'11"-12'9" on the mezzanine; column spacing is 16'0" vertically and 27'0" horizontally.
    • Vanilla box space suitable for various retail uses, including restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    SP+ Parking Parking Garage Mag Mile Self ... Parking Lot

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6251665
    Latitude
    41.8977928

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    FAQs

    What type of property is this?
    Retail property - Prime Gold Coast Restaurant Opportunity
    Where is this retail property located?
    The property is located at 110 Pearson St Chicago, IL.
    What are key features of this property?
    This property features: 9,463 SF retail space at 110 E Pearson St, Chicago, IL, in the Magnificent Mile submarket.; High-visibility, prime Gold Coast location across from the Chicago Water Tower, offering excellent branding opportunities.; 72 feet of street frontage with exceptional signage potential.
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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
    110 Pearson St Chicago, IL 60611
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