355 Illinois St, Chicago, IL 60611
This exceptional 5,010-square-foot (divisible to 2,000 sq ft) retail space is located on the ground floor of a 421-unit condominium complex in Chicago's vibrant Streeterville neighborhood. Formerly a Chase Bank branch, the space boasts existing infrastructure including 8-10 cubicles, a teller counter, two bathrooms, a breakroom, and a storage area. Large frontage windows on the southwest corner of Illinois and McClurg Streets provide high visibility to the 19,222 vehicles passing daily. This location boasts a Walk Score of 94 and is within close proximity to numerous attractions, including the Chicago Riverwalk (0.2 miles), Ohio Street Beach & Navy Pier (0.4 miles), the Magnificent Mile (0.6 miles), and Millennium Park (0.8 miles). The property benefits from a strong retail environment, with nearby tenants including Uncork'd Wine Superstore, AMC River East 21, Walgreens, BMO Harris Bank, and many more. Excellent public transportation access is provided by CTA bus routes (#2, #29, #66) and nearby Red Line stations (Grand/State, Millennium). The building offers 334 deeded parking spaces for added convenience. This high-traffic, high-visibility location presents a unique opportunity for a variety of retail or office uses. The property is zoned PD-368.
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Mattress Firm Streeterville Furniture & Home Goods
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.