Property profile

201 Morgan St Chicago, IL 60607

OFF-MARKET
Bars & Pubs
15,000 SF
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Property summary

AI-generated overview

This exceptional 3,010 square foot restaurant space is located at 205 N Morgan Street, Chicago, in the vibrant West Loop neighborhood. Boasting a prime corner location on Lake St, this single-tenant property offers unparalleled visibility and accessibility. The 15,000 total square foot building sits on a 0.46-acre lot and is zoned DX-3. The fully built-out space includes a versatile open kitchen, perfect for a variety of culinary concepts. An expansive outdoor seating area provides a welcoming atmosphere for guests. The West Loop's advantageous demographics, proximity to the Chicago River, Restaurant Row, and Fulton Market District, create a thriving business environment. Convenient access to public transportation (Green Line) and major expressways ensures easy commuting for both staff and customers. The area's blend of trendy shops and galleries offers ample leisure and entertainment options for professionals. This location presents a unique opportunity to establish a successful restaurant in a dynamic and desirable urban setting. The property's high visibility and well-equipped interior make it an ideal investment for a discerning restaurateur.

Property profile

Verified
Property type Bars & Pubs
Total area 15,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

201 Morgan St Chicago, IL 60607
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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