Chicago, IL 60611 435 E Illinois Street
$47



1 more


Presented By: Sperry Van Ness
Home Details
Flagship second-generation restaurant/hospitality space in the heart of Chicago's Streeterville neighborhood. Join Target, Carson's Ribs, Cupitol, Robert's Pizza and Wu's Korean BBQ (coming soon) at The Lofts at River East - one of Chicago's most unique and sought-after retail/restaurant locations. This two-level, 34,000 SF space can be easily separated into two spaces of 11,500 and 22,500 SF, with further demising flexibility down to approx. 4,100, 5,300, 9,800 and 12,400 SF spaces. The site has been the long-time home of a national bowling, bocce, dining and special event facility and sits beneath 285 luxury loft apartments. The ground-level portion of the space has access to an outdoor seating area on the Ogden slip docks and is one of the only waterside dining opportunities available in Chicago. This is an in-place, fully functional restaurant and high-volume event facility with incredible infrastructure including multiple kitchens and bars, a large full-service main kitchen, several restaurant venting options including a live fuel facility with a wood-burning oven, bathrooms, a main level outdoor deck and the Ogden Slip level waterfront outdoor seating areas, along with high capacity electrical and HVAC systems. The brick and timber interior aesthetics provide for a unique tenant setting. Additional property and area co-tenants include Pinched Mediterranean Restaurant, Cupitol, Whole Foods, Kanela and Yolk to name a few. The property is located one block from Chicago's Navy Pier and boasts over 2 million unique pedestrian visits per year. This high-profile space has entrances and exposure both on Illinois St and on Ogden Slip. This is a once-in-a-lifetime opportunity to take advantage of Chicago's high-density Streeterville neighborhood location, which draws residents, and tourists alike.
Presented By: Sperry Van Ness
General for 435 E Illinois Street
CityChicago
CoolingCentral Individual
CountyCook
DirectionsOn E Illinois St at McClurg St. Entrance south of Target on Ogden Slip.
ElectricService - 201 to 600 Amps
Leasable Area34000
Lease TypeNet
MLS AreaCHI - Near North Side
Net Operating Income
Operating Expense181500
Property TypeCommercial Lease
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories7
Tax Annual Amount198000
Tax Year2023
Tenant PaysAir Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Repairs, Scavenger, Tax Stops, Sewer, Other, Varies by Tenant
Year Built2017
ZoningRTAIL
Additional Details
Price History
