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    605 Clark St Chicago, IL 60654

    For Lease
    $45 SF/Yr

    Prime River North location, 22,000 sq ft available.

    Lot size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional River North retail property at 605 North Clark Street presents a rare opportunity for lease. The two-story building, constructed in 1996, boasts a substantial 22,000 square feet of space, currently entirely vacant and ready for immediate occupancy. Situated on a 13,976 square foot lot, the property offers significant potential for redevelopment or adaptation to a variety of uses. Its prominent location on North Clark Street ensures high visibility and substantial foot traffic, making it an ideal site for a flagship restaurant or other high-profile retail establishment. The building's DX-7 zoning provides flexibility for a range of development options. The entire 22,000 square feet is available for lease as a single, multi-tenant space. This is a unique chance to secure a trophy property in one of Chicago's most desirable neighborhoods. The property's Cook County location and Chicago, IL address provide easy access to transportation and a vibrant urban environment. The building's two stories offer ample space for creative design and layout. Don't miss this chance to establish your business in a prime River North location.

    Property Features for 605 Clark St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,000 SF
    Total Rate
    82500

    Building Details

    Year Built
    1996
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    22,000 SF
    Rate per SF
    $75

    HighLights

    • Rare trophy property available for lease or development.
    • 1996‑built, two‑story, single‑tenant building.
    • DX‑7 zoning.
    • Currently vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Club Quarters West ... Hotel Quick-Tag Pet Supply Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market 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
    -87.6307817
    Latitude
    41.8926911

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    FAQs

    What type of property is this?
    Restaurant - Prime River North location, 22,000 sq ft available.
    Where is this restaurant located?
    The property is located at 605 Clark St Chicago, IL.
    What is the lease rate?
    The lease rate is $75 SF/Yr.
    What are key features of this property?
    This property features: Rare trophy property available for lease or development.; 1996-built, two-story, single-tenant building.; DX-7 zoning.
    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
    605 Clark St Chicago, IL 60654
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