This exceptional ±34,000 square foot, two-level restaurant and hospitality space is situated in Chicago's vibrant Streeterville neighborhood, directly beneath 285 luxury apartments. Currently configured as a fully operational, high-volume event facility, this second-generation space offers unparalleled flexibility. Easily divisible into approximately 22,500 and 11,500 square foot units, further demising is possible to create spaces of approximately 4,100, 5,300, 9,800, and 12,400 square feet. The property boasts impressive infrastructure, including multiple kitchens and bars, a large full-service main kitchen, several venting options (including a live fuel facility with a wood-burning oven), ample bathrooms, and high-capacity HVAC and electrical systems. Enjoy unique brick and timber interior aesthetics, along with a main-level outdoor deck and exclusive waterfront outdoor seating on the Ogden Slip docks – one of the only waterside dining opportunities in Chicago. The property benefits from high visibility and accessibility, with entrances and signage on both Illinois Street and Ogden Slip. Located one block from Navy Pier, this high-profile location experiences over two million unique pedestrian visits annually. Strong co-tenancy includes Target, Carson's Ribs, Cupitol, Robert's Pizza, Pinched Mediterranean Restaurant, Whole Foods, Kanela, Yolk, and Wu's Korean BBQ (coming soon). The site sits on a 2.76-acre lot and is zoned PD-368/DX-12 in Cook County. Available February 2025. On-site parking is available.
Highlights
Unique waterfront restaurant/hospitality opportunity in Chicago's Streeterville neighborhood.
±34,000 SF ground-floor restaurant space below 285 luxury apartments.
Divisible into ±22,500 SF and ±11,500 SF spaces; further divisible into smaller units.
Turnkey second-generation space with multiple kitchens, bathrooms, HVAC, and amenities.
Large-capacity banquet facilities; outdoor seating; dual venting including live fuel system; Ogden Slip & Illinois Street entrances and signage.
Retail property - Flagship restaurant space, prime location.
Where is the retail property located?
The property is located at 435 Illinois St Chicago, IL.
What are key features of this property?
This property features: Unique waterfront restaurant/hospitality opportunity in Chicago's Streeterville neighborhood.; ±34,000 SF ground-floor restaurant space below 285 luxury apartments.; Divisible into ±22,500 SF and ±11,500 SF spaces; further divisible into smaller units.
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Contacts
Wayne Caplan
Jim Martin
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Illinois St Chicago, IL 60611
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Illinois St Chicago, IL 60611
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435 Illinois St
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