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    371 Ontario St Chicago, IL 60654

    Sponsored
    For Lease
    $35 SF/Yr

    Luxury retail space, multiple suites available.

    Lot size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Chicago Luxury Furniture Centre, a five-story building totaling 45,000 square feet, presents a unique opportunity for discerning businesses seeking premium showroom space in the vibrant River North neighborhood. This 1908-built property offers six individual suites, with a minimum divisible space of 1,150 square feet and a maximum contiguous space of 21,005 square feet. Currently, 21,005 square feet of space is available for lease. The building's prime location places it in close proximity to the Merchandise Mart and other high-end showrooms, surrounded by a thriving ecosystem of restaurants, retail establishments, hotels, and residential high-rises. This strategic location ensures high visibility and foot traffic. The building boasts ample signage opportunities, allowing businesses to effectively showcase their brand. Furthermore, the customizable floor plans offer flexibility to tailor the space to meet specific business needs. This is an exceptional opportunity to establish a presence in one of Chicago's most desirable retail districts. The property is located in Cook County.

    Property Features for 371 Ontario St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,000 SF
    Total Rate
    131250

    Building Details

    Year Built
    1908

    Unit(s) available at that property

    Space
    Suite 200
    Size
    6,037 SF
    Rate per SF
    $35
    Space
    Suite 300
    Size
    6,037 SF
    Rate per SF
    $35
    Space
    Suite 1
    Size
    1,487 SF
    Rate per SF
    $35
    Space
    Suite 3
    Size
    1,150 SF
    Rate per SF
    $35
    Space
    Suite 100
    Size
    3,857 SF
    Rate per SF
    $35
    Space
    Mezzanine
    Size
    2,437 SF
    Rate per SF
    $35

    HighLights

    • Retail showroom space in a multi‑tenant building totaling 45,000 square feet.
    • Spaces available range from 1,150 to 21,005 contiguous square feet.
    • Currently, 21,005 square feet of space is vacant.
    • Building features six total suites.
    • Located in River North, Cook County, near the Merchandise Mart.
    • Built in 1908.
    Property Profile Location Intelligence

    Current Use by Public Records

    Komandor Chicago Interior Construction Contractor ELIXR IV Therapy Medical Spa Dorya Chicago Furniture Store Candy Building LLC Construction Company Liaison Technology Group Home Automation Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6384032
    Latitude
    41.8928884

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    FAQs

    What type of property is this?
    Retail property - Luxury retail space, multiple suites available.
    Where is this retail property located?
    The property is located at 371 Ontario St Chicago, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Retail showroom space in a multi-tenant building totaling 45,000 square feet.; Spaces available range from 1,150 to 21,005 contiguous square feet.; Currently, 21,005 square feet of space is vacant.
    Request Owner's contact information
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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
    371 Ontario St Chicago, IL 60654
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