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One of a Kind Restaurant/Hospitality Spaces at The Lofts at River East

Market Price

401-465 East Illinois St., Chicago, IL 60611

Active
Last Updated: 11/22/2024

34,000 sqft

Building Size

2.76 acres

Lot Area

Details:
Building Size:    34,000 sqft
Lot Area:    2.76 acres
Year Built:    2017
Floors:    6
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 ± 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.

401-465 E Illinois / The Lofts at River East is located steps from Navy Pier and Lake Michigan in Chicago’s Streeterville neighborhood. Streeterville is a neighborhood in the Near North Side community area of Chicago, Illinois, north of the Chicago River. It is bounded by the river on the south, the Magnificent Mile portion of Michigan Avenue on the west, and Lake Michigan on the north and east. It can be described as the Magnificent Mile plus all land east of it. The tourist attraction of Navy Pier extends out into the lake from southern Streeterville.

Map:
1 Space Available

435 E. Illinois Restaurant

Available:
Immediately
Sublease:
No
SQFT
34,000
Lease Rate:
$0/sqft/yr
Lease Type:
Gross

±34,000 SF restaurant/hospitality space on the ground floor beneath 285 luxury apartments. Easily divisible to ±22,500 and ±11,500 SF spaces with additional demise options of ± 4,100, 5,300, 9,800 and 12,400 SF.

Documents:
Title
435 E Illinois St - Chicago - Brochure (compressed).pdf
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Location
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