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    Property profile & analytics
    OFF-MARKET
    Retail properties & Spaces

    50 Chicago Ave, Chicago, IL 60611

    68,170 SF Built 1891
    Property ID
    Property summary
    AI-generated overview

    This exceptional River North retail opportunity presents three available spaces totaling 5,729 square feet of vacant space within a 68,170 square foot, four-story Class B building at 50 East Chicago Avenue. Built in 1891, this multi-tenant property boasts a highly desirable location at the intersection of River North, the Gold Coast, and North Michigan Avenue, ensuring significant foot traffic from a diverse mix of workers, shoppers, residents, and tourists. Spaces range from a minimum of 765 square feet to a maximum contiguous area of 2,040 square feet. Three distinct spaces are available: Space A, a former Wow Bao location, is fully built-out with existing restaurant infrastructure and equipment and is immediately available. Space B, a former Starbucks location situated on a hard corner, will be available in 60 days. Space C, currently occupied by Ups, will also be available in 60 days. All spaces are first-floor walk-ups, ideal for retail or restaurant use, and benefit from the high volume of pedestrian traffic characteristic of this vibrant area within Cook County. This is a unique chance to secure prime retail space in one of Chicago's most sought-after neighborhoods.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1891
    Total area 68,170 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
    • MyEyeDr. Eye Care Center Contact Lenses Supplier
    • Lisanne Close Rogers Ophthalmologist (Bike/Boat/Book/etc) Store
    • Keycafe Shopping Center & Mall (Bike/Boat/Book/etc) Store
    • Streeter's Tavern Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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