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    OFF-MARKET
    Retail properties & Spaces

    260 Chestnut St, Chicago, IL 60611

    3,672 SF Built 1965
    Property ID
    Property summary
    AI-generated overview

    This 3,672 square foot Class B commercial condo in Chicago's Gold Coast offers a unique investment opportunity. Located at 260 E Chestnut St, Unit 4, this fee-simple property boasts a prime location just east of the Magnificent Mile and west of Lake Michigan, with high foot traffic. The space, currently leased month-to-month, is ideal for various uses including fine dining (previously a French restaurant since 1967), tech or professional offices, retail, or a medical clinic. The layout includes 2,900 square feet of main interior space featuring a restaurant kitchen, seating areas, a full bar, and private bathrooms. An additional 548 square feet of basement storage includes a walk-in cooler and freezer. A 224 square foot garage provides extra storage. The property benefits from excellent accessibility, including proximity to Lake Shore Drive, public transportation (six bus stops within one block and walking distance to the "L" station), and numerous hotels. Public and private parking is available on the premises. The 41,250 square foot lot is zoned DR10. Built in 1965, this property presents a rare chance to acquire a well-situated commercial space in a highly desirable area. Proof of funds is required before scheduling a showing. Do not disturb the tenant.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1965
    Total area 3,672 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
    • Stefanie's Men's Hairstyling Hair Salon
    • Plaza On Dewitt Condominium Condominium Complex
    • Joyce Flory Marketing & Advertising Advertising Agency
    • Oceanside Counseling and Therapy, LLC Crisis Center Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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