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306 Halsted St Chicago, IL 60661

For Lease
$26 SF/Yr

Turnkey Restaurant, Flexible Layout

Lot size:
20,400 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional 2nd-generation restaurant space, located at 306-308 S Halsted St (cross street: Jackson Blvd), in Chicago's vibrant West Loop/Fulton Market, offers 2,100 to 4,200 square feet of fully improved space within a 20,400 square foot building on a 5,001 square foot lot. Built in 1926, this four-story building boasts high ceilings and a wealth of existing restaurant infrastructure, including three black iron exhaust systems, extensive food preparation areas in the basement, walk-in coolers, a manager's office, dry storage, and handicap-accessible restrooms. The space is equipped with mechanical, electrical, and plumbing systems, as well as retail displays and indoor seating. It can be easily adapted to various retail uses and is divisible into two 2,100 square foot units. The DX-5 zoning allows for a wide range of commercial activities. This prime location benefits from its proximity to the University of Illinois at Chicago and enjoys exceptional access to public transportation and major roadways. The surrounding area has experienced significant growth, with over 19,000 residents within a half-mile radius, boasting an average household income exceeding $182,000 annually. Further development is projected, with over 10,000 new luxury apartment units planned between 2015 and 2025, and approximately 8 million square feet of new office space developed since 2014, significantly increasing the daytime population. This presents a unique opportunity for a business seeking a turnkey operation in a high-growth, high-demand location. The Cook County APN is 17172280110000.

Property Features for 306 Halsted St

General Information

Property type
Restaurants
Lease Type
Gross Lease
RSF (Rentable sq. ft)
20,400 SF
Total Rate
44200

Building Details

Year Built
1926
Buildings
1
Stories
4

Unit(s) available at that property

Space
Size
4,200 SF
Rate per SF
$26

HighLights

  • Prime West Loop Chicago location.
  • Highly adaptable 2,100‑4,200 SF space, divisible into two 2,100 SF units.
  • High ceilings.
  • Existing restaurant infrastructure including three exhaust hoods, kitchen equipment, and walk‑in coolers.
  • Excellent access to public transportation and major roadways.
  • DX‑5 zoning allows for diverse retail, restaurant, or service uses.
Property Profile Location Intelligence

Current Use by Public Records

Chicago Venues For Rent Event Venue Artopolis Bakery, Cafe ... Bakery Kz Inc Trucking Company

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6472559253
Latitude
41.877624801685

FAQs

What type of property is this?
Restaurant - Turnkey Restaurant, Flexible Layout
Where is this restaurant located?
The property is located at 306 Halsted St Chicago, IL.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Prime West Loop Chicago location.; Highly adaptable 2,100-4,200 SF space, divisible into two 2,100 SF units.; High ceilings.
More about this property
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