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Property profile & analytics

416 W Ontario St, Unit C-1 Chicago, IL 60654

  • Office Properties & Spaces
  • 0.55 lot acres
For Sale
Last Sale
Nov 24, 2024
$525,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-2345960
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

  • Kaleidoscope Group / Business Management Consultant
  • Hutch American Cafe - River North / Coffee Store
  • Boca Loca Cantina River North / Mexican Restaurant
  • KaleidoServe / Youth Organization

Property Details for 416 W Ontario St

Year built
1923
Lot size
0.55 lot acres
Property type
Office Properties & Spaces
APN
17-09-127-036-1235
APU
17091270361235

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $450,000

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


Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.639
Latitude
41.8934
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
$34,411
$5,251
$162,052
$167,303
-
$21,004
$648,208
$669,212
More about this property
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