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Property profile & analytics

11 Illinois St Chicago, IL 60654-8173

  • Office buildings
  • 19,600 SF
  • 0.11 lot acres
OFF-MARKET
Value Estimations
$710,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-1408221
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • I-Cubed Productions / Video Production Service
  • Childress Loucks & Plunkett / Insurance Attorney / Law Firm
  • Laminar Technologies / Manufacturer
  • Chicago Portfolio School / School / Training Centre
  • Earhole Studios / Recording Studio

Property Details for 11 Illinois St

Year built
1902
Lot size
0.11 lot acres
Property size
19,600 SF
Property type
Office buildings
APN
17-09-255-010
APU
1709255010

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $620,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $792,000
    Market price range: $352k - $889k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6285
Latitude
41.8906
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$158,593
$240,000
$531,057
$771,057
-
$960,000
$2,124,228
$3,084,228
More about this property
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