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Highly Adaptable Building Or Re-Development Opportunity In River North - Availability Details

868 North Franklin Street, Chicago, IL 60610

  • For Lease $35/Sqft/Year
  • City Chicago
  • Neighborhood Near North Side Chicago
  • Zip Code 60610
  • Market Chicago
  • Property Type Retail - Restaurant
  • Property Size 5,715 Sqft
  • Lot Size 0.11 Acre
  • Year Built 1921
  • Year Renovated 2013
  • Date Updated 08 Apr, 2021
Situated on Franklin Street in Chicago’s hot River North neighborhood and close to CTA Brown and Purple Line trains as well as CTA buses. Easy access to and from major thoroughfares including Chicago Avenue, LaSalle Street, Lake Shore Drive, and Interstate 90/94. This area has a high population density with more than 14,300 existing multi-family units, 2,760 more under construction, and over 1,380 proposed – all within just 1/2 mile. The area has seen a huge boom in residential developments and developer / investor activity over the past several years and it shows no signs of stopping or slowing down. Within 1 mile there are more than 82,100 residents and average household incomes of nearly $129,000. Located nearby are several educational institutions including Moody Bible Institute, Walter Payton College Preparatory High School, and Ruben Salazar Elementary School. These, along with retailers, restaurants, and offices, bring a steady flow of traffic in and around the area.
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Spaces Available

Name: Ground / Mezzanine / Second Levels see moresee less
  • Space Type Restaurant
  • Lease Rate $35/Sqft/Year
  • Total Space Available 5,715 Sqft
  • Divisible Space No
  • Min Divisible 5,715 Sqft
  • Max Contiguous 5,715 Sqft
  • Available Date Immediate
  • Lease Type NNN
  • Renewal Option Yes
  • Sub Lease No
  • Suite Ground / Mezzanine / Second Levels

5,715 SF is comprised of ground level restaurant, mezzanine level dining, and second level private dining. Lower level is approximately 3,874 SF and is included in rent for the levels above.

broker

Wayne Caplan

SVN | Chicago Commercial

(312) 529-5791

Location

  • City Chicago, IL
  • Neighborhood Near North Side Chicago
  • Zip Code 60610
  • Market Chicago

Contacts

broker

Wayne Caplan

SVN | Chicago Commercial

(312) 529-5791

Highlights

  • Approximately 9,589 SF Total (5,715 SF Between the Ground and Second Levels and 3,874 SF in the Lower Level)
  • For Lease at $35.00/SF NNN on 5,715 SF (Above Grade Space) - Also Available for Sale
  • Perfect Location for a Variety of Uses Such as Restaurant (Substantial Infrastructure in Place), Nightclub, Entertainment
  • Venue, Banquet Hall, Office Space, Medical Offices, Salon, Spa, Fitness, Gallery, Showroom, Childcare, School, or Others
  • Existing C1-5 Zoning Allows for Approximately 24,000 SF of New Building Without Zoning Relief
  • Located in a Designated TOD Area for New Developments, Allowing for Minimal Parking Requirements
  • Fantastic Location in Chicago's Hot River North Neighborhood
  • 3 Blocks From the CTA Brown and Purple Lines Chicago Avenue Station

Frequently Asked Questions

How many active listings are there at Highly Adaptable Building Or Re-Development Opportunity In River North?

At present, there is 1 space listed at Highly Adaptable Building Or Re-Development Opportunity In River North.

What’s the size and rental rate of the largest space available at Highly Adaptable Building Or Re-Development Opportunity In River North?

Currently, the largest rentable space at Highly Adaptable Building Or Re-Development Opportunity In River North totals 5,715 square feet. The space has an asking rate of roughly $35/Sqft/Year per square foot.

What is the total square footage of Highly Adaptable Building Or Re-Development Opportunity In River North?

Highly Adaptable Building Or Re-Development Opportunity In River North totals 5,715 square feet, of which 5,715 square feet is rentable.

What year was Highly Adaptable Building Or Re-Development Opportunity In River North built and finished?

Highly Adaptable Building Or Re-Development Opportunity In River North was completed in 1921.

Contact Listing Broker

broker

Wayne Caplan

SVN | Chicago Commercial

(312) 529-5791

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