306 Halsted St Chicago, IL 60661

Property Details for 306 Halsted St

Year built

1893

Lot size

0.14 lot acres

Property size

28,400 SF

Property type

Office buildings

APN

17-08-418-006

APU

1708418006

Description

This exceptional 2nd-generation restaurant space, located at 306-308 S Halsted St (cross street: Jackson Blvd), in Chicago's vibrant West Loop/Fulton Market, offers 2,100 to 4,200 square feet of fully improved space within a 20,400 square foot building on a 5,001 square foot lot. Built in 1926, this four-story building boasts high ceilings and a wealth of existing restaurant infrastructure, including three black iron exhaust systems, extensive food preparation areas in the basement, walk-in coolers, a manager's office, dry storage, and handicap-accessible restrooms. The space is equipped with mechanical, electrical, and plumbing systems, as well as retail displays and indoor seating. It can be easily adapted to various retail uses and is divisible into two 2,100 square foot units. The DX-5 zoning allows for a wide range of commercial activities. This prime location benefits from its proximity to the University of Illinois at Chicago and enjoys exceptional access to public transportation and major roadways. The surrounding area has experienced significant growth, with over 19,000 residents within a half-mile radius, boasting an average household income exceeding $182,000 annually. Further development is projected, with over 10,000 new luxury apartment units planned between 2015 and 2025, and approximately 8 million square feet of new office space developed since 2014, significantly increasing the daytime population. This presents a unique opportunity for a business seeking a turnkey operation in a high-growth, high-demand location. The Cook County APN is 17172280110000.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6478

Latitude

41.8871

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments