Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    800-808 Randolph St Chicago, IL 60607
    Back to Search
    Property profile & analytics

    800-808 Randolph St Chicago, IL 60607

    View on Map
    • Retail properties & Spaces
    • 9,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 800-808 Randolph St

    Property size
    9,200 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional Chicago retail property, located at 800-808 W Randolph St in Cook County, offers a total of 9,200 square feet of vacant space, ideal for multiple tenants. The property is zoned for retail and restaurant use, presenting a unique opportunity for businesses seeking high-visibility locations in a vibrant area. The space is divisible, with a minimum leasable area of 2,500 square feet and a maximum contiguous space of 4,000 square feet. Three separate spaces are available. The building features a first-floor space of 2,600 square feet and a second-floor space of 4,000 square feet. Adding significant value is a fully equipped 2,600 square foot basement, complete with two fully equipped kitchens, perfect for food-related businesses. Further enhancing the property's appeal is the potential for rooftop usage and expanded outdoor seating, providing ample opportunities for customer engagement and brand visibility. This prime location in the 60607 zip code offers excellent access to foot traffic and public transportation. The property's versatility and extensive amenities make it an attractive investment for a variety of retail and restaurant concepts. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6476
    Latitude
    41.8846

    Comparable in this City

    • Value Estimation by Request
      9,340 SF

      1300 Randolph St

      Restaurants • 9,340 SF
      1300 Randolph St, Chicago, IL 60607
      View Details
    • Value Estimation by Request
      100,000 SF

      1221 Taylor St

      Restaurants • 100,000 SF
      1221 Taylor St, Chicago, IL 60607
      View Details
    • Value Estimation by Request

      501 Wells St

      Restaurants
      501 Wells St, Chicago, IL 60607
      View Details
    • Value Estimation by Request
      4,000 SF

      1325 Taylor St

      Restaurants • 4,000 SF
      1325 Taylor St, Chicago, IL 60607
      View Details
    • Value Estimation by Request

      720 Wells St

      Individual retail properties
      720 Wells St, Chicago, IL 60607
      View Details
    • Value Estimation by Request

      1371 Randolph St

      Restaurants
      1371 Randolph St, Chicago, IL 60607
      View Details

    Similar Nearby for Sale

    • $200,000
      1,167 SF

      Former Bank Near UIC Campus

      1167 SF space suitable for office, retail, or restaurant.
      1410 W Taylor St, Chicago, IL 60607
      View Details
    • Contact for pricing
      8,000 SF

      Restaurant Property in Chicago's Gateway

      Restaurant property located in Chicago's Restaurant Row.
      738 W Randolph St, Chicago, IL 60607
      View Details
    • $7,500,000
      0.33 Acres

      Fulton Market Redevelopment Opportunity

      Rare Fulton Market redevelopment site with existing structure and parking.
      165 N May St, Chicago, IL 60607
      View Details
    • $9,750,000

      Fulton Market Redevelopment Opportunity

      23,000 SF redevelopment site in Fulton Market neighborhood.
      1375 W Lake St, Chicago, IL 60607
      View Details
    • Contact for pricing

      Prime Mixed-Use Investment Opportunity

      Mixed-use property, gateway to the city, billboard opportunity.
      501 S Wells St, Chicago, IL 60607
      View Details
    • Contact for pricing

      Retail Property on Roosevelt Road

      Retail property with two tenant spaces available for sale.
      605 W Roosevelt Rd, Chicago, IL 60607
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,244 SF

      Fulton Market Restaurant Space

      Second-generation restaurant space in a premier Fulton Market location.
      845 W Fulton Market, Chicago, IL 60607
      View Details
    • Contact for pricing
      9,184 SF

      Fulton Market Retail/Restaurant Space

      Inline retail or restaurant space in Fulton Market neighborhood.
      1035 W Lake St, Chicago, IL 60607
      View Details
    • $35 SF/Yr

      Former Restaurant Space on Taylor

      Restaurant space in high-traffic area near University of Illinois Chicago.
      1140 W Taylor St, Chicago, IL 60607
      View Details
    • Contact for pricing
      9,345 SF

      West Loop Retail/Restaurant Space

      First floor retail or restaurant space in Chicago's West Loop.
      1101 W Lake St, Chicago, IL 60607
      View Details
    • Contact for pricing
      4,358 SF

      Free Standing Building in Chicago

      Free standing building in trendiest Chicago market near CTA stop.
      173 N Morgan St, Chicago, IL 60607
      View Details
    • $40 SF/Yr

      Little Italy Corner Retail Space

      Rare corner retail space in Chicago's Little Italy neighborhood.
      1221 W Taylor St, Chicago, IL 60607
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    800-808 Randolph St
    Chicago, IL 60607
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    800-808 Randolph St, Chicago, IL, 60607
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!