Property profile

303 Erie St Chicago, IL 60654

OFF-MARKET
Retail properties & Spaces
6,312 SF
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Property summary

AI-generated overview

This exceptional 6,312-square-foot retail space, located at 303 W Erie St in Chicago's vibrant River North neighborhood, presents a unique opportunity for a restaurant operator. Currently vacant, this former restaurant boasts existing infrastructure ready for immediate use, saving significant time and capital on build-out. The property enjoys a highly visible corner location at the southeast intersection of Erie Street and Franklin Street, benefiting from exceptional pedestrian and vehicular traffic. Situated in the heart of River North, the space is surrounded by a thriving mix of established retailers, including Fairground Coffee, Wildfire, and GT Prime, ensuring high foot traffic and brand synergy. The property is classified as a multi-tenant retail building within Cook County, Illinois, and offers a total of 6,312 square feet, all of which is currently available. The zip code is 60654. This prime location and existing infrastructure make this an ideal opportunity for a discerning restaurant business seeking a high-impact presence in a bustling Chicago neighborhood. The property's address is 303 W Erie St, Chicago, IL.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,312 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
  • Consultant
  • Insurance Agency
  • Law Firm
  • Social Service Agency Charitable Organization
  • General Contractor Renovation Specialist

Location

303 Erie St Chicago, IL 60654
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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