435 Illinois StChicago, IL 60611

Property Details for 435 Illinois St

Year built

1985

Lot size

1.88 AC

Property type

Commercial real estate

APN

17-10-219-024

APU

1710219024

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $30,124,074

  Hospitality

  $27,593,490

  Educational

  $22,957,460

  Medical

  $23,747,002

  Retail

  $35,711,604

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8907

Longitude

-87.6163

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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