Individually Owned 
For Sale
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Property summary
This exceptional 2,797-square-foot commercial condo in Chicago's River North neighborhood is available for $675,000. Located at 416 W Ontario St, this vacant property offers a unique opportunity for owner-users. Previously configured as a restaurant, the space is in turnkey condition, featuring a state-of-the-art kitchen with a 22-foot hood, walk-in cooler, dish room, and ample storage. The layout includes two ADA-compliant restrooms and an attractive outdoor seating area. The interior… boasts 15-foot ceilings and comfortably seated approximately 50 guests. The property is zoned DX-7 and sits within a vibrant area known for its upscale dining, art scene, and boutique shopping, offering excellent visibility and foot traffic. Its proximity to the Merchandise Mart, Chicago Riverwalk, public transportation, and major highways ensures convenient access for customers and employees. This building, constructed in 1923, presents a blend of historic charm and modern functionality, making it ideal for a variety of retail uses, including restaurants, storefronts, or traditional office spaces. The property's Cook County APN is 17-09-127-036-1235. This is a rare opportunity to acquire a well-appointed commercial space in one of Chicago's most desirable locations.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 0.55 ac
- Year built
- 1923
- APN
- 17-09-127-036-1235
- Assessed value · 2022
- $167,303
- Annual tax · 2022
- $34,411
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2022
- $34,411
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Chicago market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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