For Lease
$55.85/SF/YR

104 Oak St Chicago, IL 60611

13,425 SF, Outdoor Patio, High Sales

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 13,425-square-foot restaurant presents a unique investment opportunity in Chicago's vibrant Near North submarket. Located near North Michigan Avenue in Cook County, this single-tenant property boasts a light and bright interior with high ceilings, creating an inviting atmosphere for patrons. A significant advantage is the inclusion of an outdoor dining patio, expanding seating capacity and enhancing the overall dining experience. The property has a proven track record of success, demonstrating consistent annual sales exceeding $7,000,000. This established business offers a turnkey operation for a prospective buyer, minimizing the need for extensive renovations or start-up costs. The asking price includes $500,000 in key money, representing a valuable asset transfer alongside the established business. This prime location in a high-traffic area of Chicago offers exceptional visibility and accessibility, ensuring continued success for the right operator. The property's size and features make it suitable for a variety of culinary concepts, providing flexibility for a potential buyer to tailor the space to their specific vision. This is a rare opportunity to acquire a thriving restaurant with significant earning potential in one of Chicago's most desirable neighborhoods. Serious inquiries only.

Highlights

  • 13,425 SF restaurant in Near North, Chicago.
  • Single-tenant occupancy.
  • Located near North Michigan Ave in Cook County.
  • $7,000,000 annual sales history.
  • $500,000 key money required.

Property Details for 104 Oak St

Property type
Restaurants
RSF (Rentable sq. ft)
13,425 SF

Unit(s) available at that property

Space
Size
13,425 SF
Rate per SF
$55.85

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9010317
Longitude
-87.6255335
104 Oak St, Chicago, Illinois

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FAQs

What type of property is this?
Restaurant - 13,425 SF, Outdoor Patio, High Sales
Where is the restaurant located?
The property is located at 104 Oak St Chicago, IL.
What is the lease rate?
The lease rate is $55.85/SF/YR.
What are key features of this property?
This property features: 13,425 SF restaurant in Near North, Chicago.; Single-tenant occupancy.; Located near North Michigan Ave in Cook County.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Paul Fetscher
Paul Fetscher
Visit Broker Website

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Oak St
Chicago, IL 60611

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Oak St
Chicago, IL 60611

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

104 Oak St
  • Paul Fetscher
    Paul Fetscher
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