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    OFF-MARKET
    Retail properties & Spaces

    355 Illinois St, Chicago, IL 60611

    2,000 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 2,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mattress Firm Streeterville Furniture & Home Goods
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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