Property profile

840 Orleans St Chicago, IL 60610

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

Exceptional opportunity to lease a fully equipped, 2,277-square-foot restaurant space at 840 N Orleans St in Chicago, IL 60610. Located at the intersection of W Chestnut St and N Orleans St, this second-generation restaurant benefits from a prime location below 310 luxury residential units, ensuring high foot traffic and a strong daytime population. The area boasts impressive demographics, with a population of 107,667 within 1 mile, 442,707 within 3 miles, and 892,352 within 5 miles. Average household incomes are equally compelling, reaching $182,903 within 1 mile, $178,441 within 3 miles, and $152,008 within 5 miles. High daytime populations further enhance the potential, with 282,922 within 1 mile, 959,942 within 3 miles, and 1,333,417 within 5 miles. High visibility is assured by daily traffic counts of 19,900 vehicles on W Chicago Ave and 19,000 on N Orleans St. This turnkey restaurant space presents a unique opportunity for food and beverage operators seeking a thriving location in Chicago's vibrant city center. The property is a single-tenant space.

Property profile

Verified
Property type Restaurants

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
  • Restaurant
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Grocery & Convenience Store Specialty Food Shop

Location

840 Orleans St Chicago, IL 60610
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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