Property summary
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
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
and get 1 Light Report
- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning