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    209 La Salle St Chicago, IL 60604

    Sponsored
    For Lease
    Contact for pricing

    Prime Loop location, two restaurant spaces available.

    Lot size:
    5,389 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents two vacant restaurant spaces totaling 9,267 square feet, ideally situated in Chicago's vibrant Central Loop financial district at 209 S La Salle St, Chicago, IL 60604. The property boasts a highly desirable location, surrounded by prestigious hotels, diverse restaurants, and enriching cultural attractions. This prime address offers unparalleled convenience with easy access to both CTA and Metra public transportation systems, ensuring high foot traffic and accessibility for patrons. Each space offers significant potential, with one ranging from 2,300 to 3,089 square feet. The building is located in Cook County and is a multi-tenant property. This is a unique chance to establish a thriving restaurant business in one of Chicago's most sought-after commercial areas. The address is conveniently located near Adams Street, further enhancing its accessibility and visibility. The spaces are currently vacant and ready for immediate occupancy, providing an excellent opportunity for a quick start to operations. This location offers a high-density population of potential customers and is surrounded by a thriving business community. The property's central location and proximity to public transportation make it an ideal choice for a restaurant seeking high visibility and accessibility.

    Property Features for 209 La Salle St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,389 SF

    Unit(s) available at that property

    Space
    Suite A
    Size
    2,300 SF
    Space
    Suite B
    Size
    3,089 SF

    HighLights

    • Landmark Chicago office building, architecturally significant and historically renowned.
    • Designed by Burnham & Root, completed in 1888.
    • Features a Frank Lloyd Wright‑redesigned lobby (1905).
    • Meticulously renovated and a highly sought‑after Chicago address.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dennis Delee, OD Optometrist LOHAN ARCHITECTURE, llc Architect Mega Trade 24hours ... Investment Service Veterinarian Services Veterinarian Interactive Brokers Investment Service

    Suggested Use

    Realty agency Spa & Massage Hair Salon Restaurant Dental Office Nail Salon Building Supply Daycare Center Auto Repair Shop 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
    -87.631825357676
    Latitude
    41.879026069459

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    FAQs

    What type of property is this?
    Restaurant - Prime Loop location, two restaurant spaces available.
    Where is this restaurant located?
    The property is located at 209 La Salle St Chicago, IL.
    What are key features of this property?
    This property features: Landmark Chicago office building, architecturally significant and historically renowned.; Designed by Burnham & Root, completed in 1888.; Features a Frank Lloyd Wright-redesigned lobby (1905).
    Request Owner's contact information
    209 La Salle St Chicago, IL 60604
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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
    209 La Salle St Chicago, IL 60604
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