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Restaurant Property in Chicago's Gateway
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738 W Randolph St, Chicago, IL 60607

Restaurant property located in Chicago's Restaurant Row.

Property Size8,000 SF
Days on Market1050

Property Features for 738 W Randolph St

General Information

Standard status Active
Size 8,000 SF
Property subtype Retail
Zoning DX-5
Investment Type Owner/User

Building Details

Stories 2
Listing Agency: CRE Advising
Listed By: Steve Horvath · License #IL 475128970
Source: Crexi
Added: Oct 25, 2023 Changed: Aug 27 Last Checked: Sep 7 at 6:50AM

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 CRE Advising

Investment Insights

Based on property information with market context.

This property, currently occupied by a restaurant tenant, is positioned at the gateway of Chicago's Restaurant Row, presenting an opportunity for investment or owner-user occupancy. The property is zoned DX-5. The property size is 8000 square feet. The 2021 taxes were $46,092.14.

Key Highlights

  • Prime location at the Gateway of Chicago's Restaurant Row.
  • Suitable for investment or owner‑user.
  • Currently occupied by a restaurant tenant.

Property Analytics

Current Use

KOMO Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Nursing Home Clothing & Fashion Store Adult Day Care Restaurant

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

Location Intelligence

Trade Area within ½ mile

18,178
Businesses Nearby
239k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 38% Groceries 37% Hotels & Casinos 14% Shops & Services 7%
Whole Foods Market Groceries
48,567 visits/mo 0.2 miles
Punch Bowl Social Dining
48,113 visits/mo 0.2 miles
Jewel-Osco Groceries
37,290 visits/mo 0.2 miles
Hampton Inn Chicago Downtown West Loop Hotels & Casinos
16,073 visits/mo 0.2 miles
Shake Shack Dining
14,493 visits/mo 0.3 miles

Demographics for 60607, IL

31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value

Market

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
Rey
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Similar Off Market Nearby

  • Market Creations 101 N Wacker Dr, Chicago, IL 60606

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property located in Chicago's Restaurant Row.
Where is this conventional restaurant located?
The property is located at 738 W Randolph St Chicago, IL.
What are key features of this property?
This property features: Prime location at the Gateway of Chicago's Restaurant Row.; Suitable for investment or owner‑user.; Currently occupied by a restaurant tenant.
(630) 430-4300 Call to check price and availability
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