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    200 Illinois St Chicago, IL 60611

    For Lease
    Contact for pricing

    2,555 SF Retail, Restaurant Space Available

    Lot size:
    2,555 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 2,555-square-foot retail or restaurant space is located in the heart of Chicago's vibrant downtown area, within the Aston, a 42-story luxury apartment building housing 325 high-end units. The property boasts a prime location, situated next to iconic landmarks including the Wrigley Building, Tribune Tower, Navy Pier, and the Magnificent Mile. Its advantageous position also places it adjacent to the InterContinental Hotel (792 rooms) and the Optima Signature (over 500 residential units). The planned Tribune Tower East Development, a 102-story structure featuring a 200-room hotel and 564 condos/apartments, will further enhance the area's already impressive appeal. This location offers unparalleled access to Michigan Avenue's exceptional shopping and dining, a Whole Foods Market next door, and immediate proximity to the Chicago Riverwalk and Lakefront Trail. The space is currently entirely vacant and ready for immediate occupancy. The building is a multi-tenant property located in Cook County, Illinois, with a 60611 zip code. This presents a unique opportunity for a business seeking high visibility and access to a dense population of affluent residents and tourists. The space is categorized as commercial, offering significant potential for a variety of retail or restaurant concepts.

    Property Features for 200 Illinois St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,555 SF

    Building Details

    Stories
    42

    Unit(s) available at that property

    Space
    Suite Floor 1
    Size
    2,555 SF

    HighLights

    • 2,555 SF retail/restaurant space in the Aston, a 42‑story luxury apartment building with 325 units.
    • Prime downtown Chicago location near the Wrigley Building, Tribune Tower, Navy Pier, and the Magnificent Mile.
    • Adjacent to the InterContinental Hotel (792 rooms) and Optima Signature (500+ residential units).
    • Across from the planned 102‑story Tribune Tower East development (200‑room hotel & 564 condos/apartments).
    • Exceptional walkability to Michigan Avenue, Whole Foods Market, Chicago Riverwalk, and Lakefront Trail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Never boring Flooring Flooring Contractor Aston Chicago Apartments Apartment Rental Agency Pelican Stay Chicago's ... Furnished Apartment Building Sovereign Advisors, Inc. Investment Service Tommy Moore Design ... Graphic Designer

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.622263
    Latitude
    41.8911616

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    FAQs

    What type of property is this?
    Restaurant - 2,555 SF Retail, Restaurant Space Available
    Where is this restaurant located?
    The property is located at 200 Illinois St Chicago, IL.
    What are key features of this property?
    This property features: 2,555 SF retail/restaurant space in the Aston, a 42-story luxury apartment building with 325 units.; Prime downtown Chicago location near the Wrigley Building, Tribune Tower, Navy Pier, and the Magnificent Mile.; Adjacent to the InterContinental Hotel (792 rooms) and Optima Signature (500+ residential units).
    Request Owner's contact information
    200 Illinois St Chicago, IL 60611
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    Chicago, IL 60611
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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
    200 Illinois St Chicago, IL 60611
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