For Lease
$26/SF/YR

306 Halsted StChicago, IL 60661

Turnkey Restaurant, Flexible Layout

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 2nd-generation restaurant space, located at 306-308 S Halsted St (cross street: Jackson Blvd), in Chicago's vibrant West Loop/Fulton Market, offers 2,100 to 4,200 square feet of fully improved space within a 20,400 square foot building on a 5,001 square foot lot. Built in 1926, this four-story building boasts high ceilings and a wealth of existing restaurant infrastructure, including three black iron exhaust systems, extensive food preparation areas in the basement, walk-in coolers, a manager's office, dry storage, and handicap-accessible restrooms. The space is equipped with mechanical, electrical, and plumbing systems, as well as retail displays and indoor seating. It can be easily adapted to various retail uses and is divisible into two 2,100 square foot units. The DX-5 zoning allows for a wide range of commercial activities. This prime location benefits from its proximity to the University of Illinois at Chicago and enjoys exceptional access to public transportation and major roadways. The surrounding area has experienced significant growth, with over 19,000 residents within a half-mile radius, boasting an average household income exceeding $182,000 annually. Further development is projected, with over 10,000 new luxury apartment units planned between 2015 and 2025, and approximately 8 million square feet of new office space developed since 2014, significantly increasing the daytime population. This presents a unique opportunity for a business seeking a turnkey operation in a high-growth, high-demand location. The Cook County APN is 17172280110000.

Highlights

  • Prime West Loop Chicago location.
  • Highly adaptable 2,100-4,200 SF space, divisible into two 2,100 SF units.
  • High ceilings.
  • Existing restaurant infrastructure including three exhaust hoods, kitchen equipment, and walk-in coolers.
  • Excellent access to public transportation and major roadways.
  • DX-5 zoning allows for diverse retail, restaurant, or service uses.

Property Details for 306 Halsted St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
20,400 SF
Year Built
1926
Buildings
1
Stories
4

Unit(s) available at that property

Space
Size
4,200 SF
Rate per SF
$26

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.877624801685
Longitude
-87.6472559253
306 Halsted St, Chicago, Illinois

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Contacts

Tim Rasmussen
Tim Rasmussen
Marcus Sullivan
Marcus Sullivan
Visit Broker Website

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306 Halsted St, Chicago, Illinois, 60661

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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.

306 Halsted St
  • Tim Rasmussen
    Tim Rasmussen
  • Marcus Sullivan
    Marcus Sullivan
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