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    OFF-MARKET
    Restaurants

    840 Orleans St, Chicago, IL 60610

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Cafeteria Restaurant
    • Chickpea Restaurant
    • Blended Restaurant
    • Cup Of Noodle (Bike/Boat/Book/etc) Store
    • Sweet Cream Grocery & Convenience Store Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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