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401-465 E Illinois St
Chicago, IL 60611

Rate Upon Request

Storefront Retail Residential For Lease  •  8,000+ SF

Property Details

  • Property Type Storefront Retail Residential
  • Year Built 2017
  • Total Building Size 250,000 SF
  • Tenancy Multiple
  • Building Class A
  • Zoning PD-368/DX-12
97 Transit Score
95 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Restaurant Retail 8,000-33,000 SF Rate Upon Request
Flagship 2nd generation restaurant/hospitality space in the heart of Chicago's Streeterville neighborhood. Join Target, Carson’s Ribs, Cupitol, Robert's Pizza and Wu's Korean BBQ (coming soon) at The Lofts at River East – one of Chicago’s most unique and sought-after retail/restaurant locations. This approx. 33,000 SF space can be demised into two spaces of approx. 8,000 and 25,000 SF. The space has been the long-time home of a national bowling, bocce, dining and special event facility and sits beneath 285 luxury loft apartments. The ground-level portion of the space has access to an outdoor seating area on the Ogden slip docks and is one of the only waterside dining opportunities available in Chicago.
This is an in-place, fully functional restaurant and high-volume event facility with incredible infrastructure including multiple kitchens and bars, including a large full-service main kitchen, several restaurant venting options including a live fuel facility with a wood-burning oven, bathrooms, a main level outdoor deck and the Ogden Slip level waterfront outdoor seating areas, along with high capacity electrical and HVAC systems. The brick and timber interior aesthetics provide for a unique tenant setting.
Additional property and area co-tenants include Pinched Mediterranean Restaurant, Cupitol, Whole Foods, Kanela and Yolk to name a few. The property is located one block from Chicago’s Navy Pier and boasts over 2 million unique pedestrian visits per year. This high-profile space has entrances and exposure both on Illinois St and on Ogden Slip. This is a once-in-a-lifetime opportunity to take advantage of Chicago’s high-density Streeterville neighborhood location, which draws residents, and tourists alike.

  • Date available: Feb 2025
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description

Flagship second-generation restaurant/hospitality space in the heart of Chicago’s Streeterville neighborhood. Join Target, Carson’s Ribs, Cupitol, Robert’s Pizza and Wu’s Korean BBQ (coming soon) at The Lofts at River East – one of Chicago’s most unique and sought-after retail/restaurant locations. This two-level, ±34,000 SF space can be easily separated into two spaces of ±11,500 and 22,500 SF, with further demising flexibility down to approx. 4,100, 5,300, 9,800 and 12,400 SF spaces. The site has been the long-time home of a national bowling, bocce, dining and special event facility and sits beneath 285 luxury loft apartments. The ground-level portion of the space has access to an outdoor seating area on the Ogden slip docks and is one of the only waterside dining opportunities available in Chicago.

This is an in-place, fully functional restaurant and high-volume event facility with incredible infrastructure including multiple kitchens and bars, a large full-service main kitchen, several restaurant venting options including a live fuel facility with a wood-burning oven, bathrooms, a main level outdoor deck and the Ogden Slip level waterfront outdoor seating areas, along with high capacity electrical and HVAC systems. The brick and timber interior aesthetics provide for a unique tenant setting.

Additional property and area co-tenants include Pinched Mediterranean Restaurant, Cupitol, Whole Foods, Kanela and Yolk to name a few. The property is located one block from Chicago’s Navy Pier and boasts over 2 million unique pedestrian visits per year. This high-profile space has entrances and exposure both on Illinois St and on Ogden Slip. This is a once-in-a-lifetime opportunity to take advantage of Chicago’s high-density Streeterville neighborhood location, which draws residents, and tourists alike.

Highlights

±34,000 SF 1-of-a-kind waterfront high-capacity restaurant/hospitality opportunity on ground floor beneath 285 luxury apts | Streeterville
2-level space easily demised into ±22,500 and 11,500 SF | Additional demising possible into spaces of +/- 4,100, 5,300, 9,800 and 12,400 SF
Fully appointed 2nd gen space w/ kitchens, bathrooms, HVAC, bowling alleys, bocce courts, outdoor seating, dual venting sources & a live fuel system
Large-capacity corporate, social & special event banquet facilities | Entrances & signage on Ogden Slip & Illinois St | One block to Navy Pier
Incredible urban density & foot traffic w +2M visitors/year | Fantastic area demographics w/ +$180K ave annual income & +$560K median area home price
Great cotenancy: Target, Carson’s Ribs, Robert’s Pizza, Pinched Mediterranean, Cupitol & Wu's Korean BBQ (coming soon) | On-site parking garage

Property Flyers

Amenities

  • Banking
  • Bus Line
  • Property Manager on Site
  • Signage
  • Waterfront

Public Transportation

Commuter RailDriveWalkDistance
Chicago Millennium Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra), South Shore Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min 15 min 0.8 mi
Van Buren Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra), South Shore Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.4 mi
Transit/SubwayDriveWalkDistance
Grand Avenue Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 12 min 0.6 mi
State/Lake Station (Downtown Loop) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Green Line - Chicago Transit Authority "L" Trains (The "L"), Orange Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 16 min 0.9 mi
Randolph/Wabash Station (Downtown Loop) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Green Line - Chicago Transit Authority "L" Trains (The "L"), Orange Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 16 min 0.9 mi
Lake Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 18 min 0.9 mi
Chicago Avenue Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 18 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 20 min - 12.7 mi
Chicago O'Hare International 29 min - 18.8 mi
Wayne Caplan 312-529-5791 SVN
Wayne Caplan 312-529-5791 SVN