Property summary
This exceptional ±34,000 square foot, two-level restaurant and hospitality space is situated in Chicago's vibrant Streeterville neighborhood, directly beneath 285 luxury apartments. Currently configured as a fully operational, high-volume event facility, this second-generation space offers unparalleled flexibility. Easily divisible into approximately 22,500 and 11,500 square foot units, further demising is possible to create spaces of approximately 4,100, 5,300, 9,800, and 12,400 square feet. The property boasts impressive infrastructure, including multiple kitchens and bars, a large full-service main kitchen, several venting options (including a live fuel facility with a wood-burning oven), ample bathrooms, and high-capacity HVAC and electrical systems. Enjoy unique brick and timber interior aesthetics, along with a main-level outdoor deck and exclusive waterfront outdoor seating on the Ogden Slip docks – one of the only waterside dining opportunities in Chicago. The property benefits from high visibility and accessibility, with entrances and signage on both Illinois Street and Ogden Slip. Located one block from Navy Pier, this high-profile location experiences over two million unique pedestrian visits annually. Strong co-tenancy includes Target, Carson's Ribs, Cupitol, Robert's Pizza, Pinched Mediterranean Restaurant, Whole Foods, Kanela, Yolk, and Wu's Korean BBQ (coming soon). The site sits on a 2.76-acre lot and is zoned PD-368/DX-12 in Cook County. Available February 2025. On-site parking is available.
Property profile
VerifiedCap rate & NOI
Current use
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Take-out & Catering Catering Service
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Art Gallery
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Art Gallery
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Art Gallery
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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.
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- Property Ownership
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- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning