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Property profile & analytics

60 Ontario St Chicago, IL 60654-3823

  • Retail space
  • 7,100 SF
  • 0.06 lot acres
OFF-MARKET
Last Sale
May 28, 2025
$7,380,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-5262739
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

  • Chicago Chop House / Steak House / Restaurant
  • Family Secrets Tour Chicago & Las Vegas / Tour Agency / Sightseeing Tour Agency

Property Details for 60 Ontario St

Year built
1985
Lot size
0.06 lot acres
Property size
7,100 SF
Property type
Retail space
Property subtype
Storefront properties
APN
17-09-226-012
APU
1709226012

Description

This exceptional investment opportunity presents a fee simple interest in a 9,565 square foot, four-story building at 60 West Ontario Street in Chicago's vibrant River North submarket. The property is fully occupied by the renowned Chicago Chop House under a 15-year net lease, commencing August 1, 2024, and expiring July 31, 2039. The lease includes two five-year renewal options with a 3% annual rent escalation. Built in 1897 and renovated in 2017, this single-tenant retail property boasts over 55 feet of frontage on Ontario Street, a high-traffic area with 50,382 vehicles per day. The property sits on a 0.122-acre lot and is zoned DX-5. The Chicago Chop House's consistent sales performance, exceeding pre-COVID levels by over 50% for the past three years, demonstrates the strength and stability of this established restaurant. This offering provides a unique blend of historic charm, prime location, and a secure, long-term net lease with significant upside potential. The property's strong financials, coupled with the desirability of the River North location and the tenant's proven track record, make this a compelling investment opportunity for discerning buyers. The property's APN is 17-09-226-012-0000 and 17-09-226-013-0000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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


Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6304
Latitude
41.8935
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
$95,860
$133,350
$332,708
$466,058
-
$533,400
$1,330,832
$1,864,232
More about this property
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