Property summary
This exceptional River North restaurant opportunity offers 5,400 square feet of fully equipped space, currently vacant and ready for immediate occupancy. The main level boasts 4,200 square feet, featuring floor-to-ceiling operable windows, a 40-foot full-service bar, a complete open kitchen with a 16-foot hood, and adjacent prep areas with hand sinks. A dedicated dishwashing room with a triple sink and grease trap, plus ADA-compliant restrooms, complete the first floor. The lower level, encompassing 1,200 square feet, includes two large walk-in coolers, a substantial prep area with floor drain and sinks, a large ice machine area, an employee restroom, dry goods storage, a secure liquor storage room, and a sizable office with a safe. The entire space is in excellent condition, equipped with wired security cameras. The property is zoned DX7 and situated on Illinois Street between Dearborn and State Streets, in the vibrant River North submarket of Chicago, IL (zip code 60654). This turnkey space is ideal for experienced and well-funded restaurateurs seeking a move-in ready establishment. Minimum divisible space is 1,200 square feet, with a maximum contiguous space of 4,200 square feet. The building has two total suites.
Property profile
VerifiedCap rate & NOI
Current use
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Film Production Television Studio
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Law Firm Insurance Agency
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Industrial Manufacturer Production Facility
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Graduate School Advertising Agency
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Recording Studio
Location
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2022Property description
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