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.
Details
MLS#
12198328
Listing Type
For Lease
Style
Retail
Status
Active
Year
2017
Days On Site
85
Listing Provided By
Sperry Van Ness | Wayne Caplan
Features
Story(s)
7
Zoning
RTAIL
Market Activity 60611
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Dec 2024
Sales: 9
Avg $ Per SqFt: $367.99
Min Sale Price: $28,000
Max Sale Price: $4,800,000
Med Sale Price: $339,999
Date: Nov 2024
Sales: 21
Avg $ Per SqFt: $369.11
Min Sale Price: $30,000
Max Sale Price: $2,925,000
Med Sale Price: $472,500
Date: Oct 2024
Sales: 54
Avg $ Per SqFt: $423.72
Min Sale Price: $26,000
Max Sale Price: $3,100,000
Med Sale Price: $367,500
Date: Sep 2024
Sales: 36
Avg $ Per SqFt: $419.87
Min Sale Price: $19,000
Max Sale Price: $2,950,000
Med Sale Price: $590,000
Date: Aug 2024
Sales: 18
Avg $ Per SqFt: $406.53
Min Sale Price: $22,000
Max Sale Price: $1,800,000
Med Sale Price: $345,000
Date: Jul 2024
Sales: 21
Avg $ Per SqFt: $401.8
Min Sale Price: $30,000
Max Sale Price: $3,100,000
Med Sale Price: $347,000
Date: Jun 2024
Sales: 5
Avg $ Per SqFt: $456.82
Min Sale Price: $233,000
Max Sale Price: $1,818,000
Med Sale Price: $460,000
Date: May 2024
Sales: 9
Avg $ Per SqFt: $407.38
Min Sale Price: $195,000
Max Sale Price: $2,250,000
Med Sale Price: $660,000
Date: Apr 2024
Sales: 6
Avg $ Per SqFt: $551.99
Min Sale Price: $243,250
Max Sale Price: $2,725,000
Med Sale Price: $1,837,500
Date: Mar 2024
Sales: 4
Avg $ Per SqFt: $278.93
Min Sale Price: $153,000
Max Sale Price: $1,300,000
Med Sale Price: $393,500
Date: Feb 2024
Sales: 2
Avg $ Per SqFt: $293.21
Min Sale Price: $160,000
Max Sale Price: $915,000
Med Sale Price: $537,500
Date: Jan 2024
Sales: 3
Avg $ Per SqFt: $299.95
Min Sale Price: $172,500
Max Sale Price: $400,000
Med Sale Price: $390,000
Sourced by Back At You
Dec 2024
Sales:
9
Avg $ Per SqFt:
$367.99
Min Sale Price:
$28,000
Max Sale Price:
$4,800,000
Med Sale Price:
$339,999
Nov 2024
Sales:
21
Avg $ Per SqFt:
$369.11
Min Sale Price:
$30,000
Max Sale Price:
$2,925,000
Med Sale Price:
$472,500
Oct 2024
Sales:
54
Avg $ Per SqFt:
$423.72
Min Sale Price:
$26,000
Max Sale Price:
$3,100,000
Med Sale Price:
$367,500
Sep 2024
Sales:
36
Avg $ Per SqFt:
$419.87
Min Sale Price:
$19,000
Max Sale Price:
$2,950,000
Med Sale Price:
$590,000
Aug 2024
Sales:
18
Avg $ Per SqFt:
$406.53
Min Sale Price:
$22,000
Max Sale Price:
$1,800,000
Med Sale Price:
$345,000
Jul 2024
Sales:
21
Avg $ Per SqFt:
$401.8
Min Sale Price:
$30,000
Max Sale Price:
$3,100,000
Med Sale Price:
$347,000
Jun 2024
Sales:
5
Avg $ Per SqFt:
$456.82
Min Sale Price:
$233,000
Max Sale Price:
$1,818,000
Med Sale Price:
$460,000
May 2024
Sales:
9
Avg $ Per SqFt:
$407.38
Min Sale Price:
$195,000
Max Sale Price:
$2,250,000
Med Sale Price:
$660,000
Apr 2024
Sales:
6
Avg $ Per SqFt:
$551.99
Min Sale Price:
$243,250
Max Sale Price:
$2,725,000
Med Sale Price:
$1,837,500
Mar 2024
Sales:
4
Avg $ Per SqFt:
$278.93
Min Sale Price:
$153,000
Max Sale Price:
$1,300,000
Med Sale Price:
$393,500
Feb 2024
Sales:
2
Avg $ Per SqFt:
$293.21
Min Sale Price:
$160,000
Max Sale Price:
$915,000
Med Sale Price:
$537,500
Jan 2024
Sales:
3
Avg $ Per SqFt:
$299.95
Min Sale Price:
$172,500
Max Sale Price:
$400,000
Med Sale Price:
$390,000
MLS Number: 12198328
Wayne Caplan – (312) 529-5791
Sperry Van Ness – (312) 676-1866 – angela.corvo@svn.com
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MLS Number: 12198328
Wayne Caplan – (312) 529-5791
Sperry Van Ness – (312) 676-1866 – angela.corvo@svn.com
