True
Space Available For Lease 1
2nd Generation Corner Restaurant Space Available |
Adam C. ThomasSVN | Chicago Commercial |
Contacts
Adam C. Thomas
SVN | Chicago Commercial
Property Details
- Property Type Retail - Restaurant
- Property Size 2,616 SF
- Lot Size 0.15 Acre
- Additional Rent Contact for pricing
- Date Updated Jun 5, 2024
Nestled in the heart of Chicago, Little Italy exudes a timeless charm that seamlessly blends old-world heritage with modern vibrancy. This iconic neighborhood, steeped in Italian-American culture and history, offers a unique tapestry of cobblestone streets, charming brownstones, and bustling piazzas. Renowned for its authentic trattorias, gelaterias, and espresso bars, Little Italy is a culinary haven where residents and visitors alike can savor the rich flavors of Italy without leaving the city limits. Beyond its gastronomic delights, this dynamic community also boasts a thriving arts scene, with galleries showcasing local talent, and cultural festivals that celebrate the neighborhood’s heritage.From its quaint storefronts to its lively street festivals, Little Italy captivates with its warmth and authenticity. With its proximity to downtown Chicago and convenient access to public transportation, this neighborhood offers an unparalleled urban living experience. Whether strolling through Arrigo Park, indulging in a plate of homemade pasta, or exploring the historic landmarks that dot the area, Little Italy beckons those seeking a vibrant neighborhood steeped in tradition and brimming with character. For businesses looking to be part of a vibrant community with a rich cultural heritage, Little Italy offers a prime location that embodies the spirit of Chicago’s diverse and dynamic urban landscape.Rarely available 2nd generation fully built out corner restaurant space. Highly visible corner retail opportunity in the heart of Little Italy with an excellent exposure opportunity with prominent Taylor Street frontage and outdoor patio seating. The space is located across the street from new construction 67-unit apartment building developed by one of Chicago’s most prominent developers, Related Midwest. The property is conveniently located in between Illinois Medical District (IMD) and the University of Illinois at Chicago (UIC) campus. IMD is estimated to welcome ~80,000 people on a daily basis: 30,000 employees and 50,000 patients, students and visitors. UIC, home to ~33,000 students (graduate and undergraduate) and +6,000 employees.
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Highlights
- Incredibly sought-after 2nd generation restaurant space with in-place black iron and existing kitchen equipment.
- Highly visible corner retail opportunity in the heart of Little Italy with approximately 70’ of retail frontage.
- Located across the street from a newly constructed 67-unit apartment building developed by one of Chicago’s most prominent developers, Related Midwest.
- The subject property is included within Related Midwest’s Roosevelt Square development, which will deliver +2,000 units to the immediate area and ~45,000 SF of retail space.
- Conveniently located in between Illinois Medical District (IMD) and the University of Illinois at Chicago (UIC) campus.
- IMD is estimated to welcome ~80,000 people on a daily basis: 30,000 employees and 50,000 patients, students and visitors. UIC, is home to ~33,000 students (graduate and undergraduate) and +6,000 employees.
- Easily accessible to public transportation via the CTA’s Blue and Pink “L” lines. The property also sits along the CTA’s 157 bus route (Streeterville/Taylor).
Getting around
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95/100
Walk Score ®
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75/100 Transit Score ®
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95/100 Bike Score ®
Powered by Walk Score ®
Location
- City Chicago, IL
- Neighborhood Little Italy
- Zip Code 60607
- Market Chicago
Points of Interest
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Racine
0.44 miles
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UIC-Halsted (Morgan Street)
0.53 miles
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UIC-Halsted (Halsted Street)
0.69 miles
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Halsted Street
0.84 miles
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Clinton
0.98 miles
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Morgan
1.16 miles
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Clinton
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Quincy
1.41 miles
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LaSalle - Blue Line
1.45 miles
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Polk
1.57 miles
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Mobil
0.45 miles
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Shell
0.51 miles
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BP
0.68 miles
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Costco Gasoline
0.68 miles
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Citgo
0.73 miles
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Mobil
0.84 miles
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Tesla Supercharger
0.93 miles
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Midwest
0.96 miles
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BP
1.25 miles
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BP
1.51 miles
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Lot 1B
0.30 miles
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Lot 1A
0.35 miles
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Harrison Street Parking Structure
0.40 miles
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Lot 11
0.41 miles
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Lot K
0.46 miles
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Lot G
0.47 miles
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Lot F
0.53 miles
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Paulina Street Parking Structure (PSPS)
0.53 miles
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Lot H
0.54 miles
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Lot F4
0.56 miles
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Hana
0.09 miles
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China Night Cafe
0.11 miles
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Big G's Pizza
0.13 miles
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Sweet Maple Cafe
0.14 miles
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Chez Joel Bistro
0.16 miles
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Francesca’s On Taylor
0.19 miles
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Al's Beef
0.21 miles
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Yummy Thai
0.22 miles
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Porto’s Peri Peri
0.23 miles
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Kimura Japanese Cuisine
0.23 miles
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Target
0.54 miles
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Jewel-Osco
0.59 miles
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La Casa del Pueblo
0.87 miles
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H Mart
0.89 miles
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The Maxwell
0.93 miles
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TJ Maxx
0.93 miles
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Burlington
0.94 miles
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Mariano's Fresh Market
0.95 miles
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Marshalls
1.00 miles
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Whole Foods Market
1.00 miles
1230 W Taylor St Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
Retail space at 2nd Generation Corner Restaurant Space Available asks $49.00/SF/YR per square foot.
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The property includes 2,616 square feet of retail space for lease. Of this total, 2,616 square feet are Restaurant.
Lease agreement conditions for the availability at this property include Full Service.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
Knowing your ideal customer is essential. For your consideration, the average age of residents in Little Italy is 32. The average household income here is $85,562 per year.
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Adam C. Thomas
SVN | Chicago Commercial
