Commercial Lease

435 Illinois Street, Chicago, Illinois 60611

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Property Description

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.

Basic Details
Property Type : Commercial Lease
Listing Type : For Rent
Listing ID : MRD12198328
Year Built : 2017
Property Sub Type : Condominium,Restaurant
Features
Cooling System : Central Individual
Address Map
Country : US
State : IL
County : Cook
City : Chicago
Zipcode : 60611
Street : Illinois
Street Number : 435
Street Suffix : Street
Floor Number : 0
Longitude : W88° 23' 1.4''
Latitude : N41° 53' 27.3''
Area : CHI - Near North Side
Street Dir Prefix : E
MLS Addon
Agent Name : Wayne
DaysOnMarket : 17
Directions : On E Illinois St at McClurg St. Entrance south of
List Agent Full Name : Wayne Caplan
List Agent MLSID : MRD103125
List Office MLSID : MRD18283
List Office Name : Sperry Van Ness
Tax Year : $2,023
Zoning : RTAIL
ListAgentLastName : Caplan
Annual Tax Amount : $0
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active
PhotosChangeTimestamp : 28/10/2024 16:52:01
Commercial Lease For Rent
  • Listing ID : MRD12198328
Agent info
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