For Lease Ready-to-Open Restaurant Space 217 W. Huron River North, Chicago, IL 60654
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1 For Lease Ready-to-Open Restaurant Space 217 W. Huron River North, Chicago, IL PROPERTY OVERVIEW: High profile restaurant space in prime River North location. Located on the first floor of a 6-story timber converted loft building with 100 residential condos and rentals above and commercial condos on the first floor and lower level. This space was occupied by Graham Elliot s two-michelin star restaurant, Graham Elliot. Prior to that it was Allen s New American Café and Harvest on Huron for nearly a decade. LOCATION: This building is on the southeast corner of Huron and Franklin in the heart of the River North neighborhood that is one of the hottest restaurant / gallery / nightclub areas in Chicago. It has easy access to the Expressways (3 blocks to the Ohio feeder ramp) and public transportation (subway and bus stations less than two blocks north) and has parking lots on each side of the building as well as ample street parking. River North has experienced explosive population growth estimated at 25,000 new residents in the past 10 years occupying 10,000 new condominiums along with conversions of older industrial buildings into residential and/or office lofts and new high-end single family homes. There is also substantial new hotel and office development in the area including skyscraper condo buildings, sprawling clubs hotels, bars, art galleries, and corporate offices. NEARBY TENANTS: The dozens of nearby restaurants, shops, and nightlife hotspots in the immediate vicinity of the site include Union Sushi, the Franklin Room, Spybar, Soundbar, Headquarters Beercade, Sunda, Ed Debevic s, Shay Chicago, Catherine Edelman Gallery, Yolk, Rainforest Café, Farmhouse, Fogo de Chão, Taco Joint, and many more. DEMOGRAPHICS (2010) 0.5 MILES 1 MILE 3 MILES Population 23,946 87, ,605 Households 14,819 55, ,169 Employees 81, , ,800 Average Household Income $116,721 $105,517 $82,765 TRAFFIC COUNTS: Nearly 50,000 vehicles per day (VPD) on Ohio feeder ramp (21,000 eastbound on Ohio Street, 28,000 westbound on Ontario Street), 17,000 VPD on Orleans Street, 8,500 VPD on Wells Street, and 23,000 VPD on Chicago Ave.
2 PROPERTY DETAILS AVAILABLE SPACE: 5,720 rentable SF DELIVERY Fully built-out restaurant seats 140+ plus 50+ outdoor dining seats. Current Tenant recently CONDITION: renovated space which is available with all equipment and fixtures. Space is in ready-to-open condition. FRONTAGE: 68 along Huron with large blade and banner signage. Extra wide sidewalk can accommodate a large outdoor dining area with 50+ seats. CONSTRUCTION: Heavy timber with 13 ceilings and 16 x 17 column spacing, fully sprinkler-ed. ZONING: PD (Planned Development #326), with DX-7 underlying zoning allowing virtually all commercial uses. PARKING: Across the street from multiple public parking lots, extensive metered street parking, valet parking service can be arranged using large loading zone in front of space. AVAILABILITY: days. LEASE RATE: $39-$45/SF, NNN. KEY MONEY TO BE DETERMINED BASED ON FINAL LEASE RATE CAM & TAXES: Approx. $17/SF Do not disturb patrons or employees of existing restaurant (Bar Lupo)! For Additional Information please contact: Scott Fithian Keith Lord (773) (direct) (312) scott@lordcompanies.com keith@lordcompanies.com *Broker is using information provided by the property owner and does not certify as to its accuracy. This information is subject to possible errors, omissions, changes of price and withdrawal without notice. Retail Brokers Network affiliate for Chicago. The Retail Brokers Network has over 60 independent commercial real estate offices providing their local expertise to retailers, developers and investors throughout North America.
3 Space Plan
4 Front Entry Photos Reception & Lounge Area View from Entry toward Rear Bar Private Dining Area Main Dining Area Main Cooking Line
5 Area Restaurants and Businesses
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