CROSS STREETS: FRANKLIN & WELLS
For Lease: Prime "Ready-to-Open" River North Restaurant Space
NEIGHBORHOOD: RIVER NORTH
217 W. HURON, CHICAGO, IL 60654
|1030 North Clark Street, Suite 300, Chicago, Illinois, 60610, Phone: 312.944.6270, Fax: 312.944.3759
High profile restaurant space in prime River North location. Located on the first floor of a 6-story timber converted loft building
with 100 residential condos and rentals above and commercial condos on the first floor and lower level. This space was occupied
by Graham Elliot’s two-Michelin star restaurant, “Graham Elliot.” Prior to that it was Allen’s New American Café and Harvest on
Huron for nearly a decade.
This building is on the southeast corner of Huron and Franklin in the heart of the River North neighborhood that is one of the
hottest restaurant / gallery / nightclub areas in Chicago. It has easy access to the Expressways (3 blocks to the Ohio feeder ramp)
and public transportation (subway and bus stations less than two blocks north) and has parking lots on each side of the building as
well as ample street parking. River North has experienced explosive population growth estimated at 25,000 new residents in the
past 10 years occupying 10,000 new condominiums along with conversions of older industrial buildings into residential and/or
office lofts and new high-end single family homes. There is also substantial new hotel and office development in the area including
skyscraper condo buildings, sprawling clubs hotels, bars, art galleries, and corporate offices.
The dozens of nearby restaurants, shops, and nightlife hotspots in the immediate vicinity of the site include Union Sushi, the
Franklin Room, Spybar, Soundbar, Headquarters Beercade, Sunda, Ed Debevic’s, Shay Chicago, Catherine Edelman Gallery, Yolk,
Rainforest Café, Farmhouse, Fogo de Chão, Taco Joint, and many more.
DEMOGRAPHICS (2010) 0.5 MILES 1 MILE 3 MILES
Population 23,946 87,054 348,605
Households 14,819 55,389 188,169
Employees 81,188 414,165 809,800
Average Household Income $116,721 $105,517 $82,765
Nearly 50,000 vehicles per day (VPD) on Ohio feeder ramp (21,000 eastbound on Ohio Street, 28,000 westbound on Ontario
Street), 17,000 VPD on Orleans Street, 8,500 VPD on Wells Street, and 23,000 VPD on Chicago Ave.
5,720 rentable SF
Fully built-out restaurant seats 140+ plus 50+ outdoor dining seats. Current Tenant recently renovated space which is available with
all equipment and fixtures. Space is in “ready-to-open” condition.
68’ along Huron with large blade and banner signage. Extra wide sidewalk can accommodate a large outdoor dining area with 50+
Heavy timber with 13’ ceilings and 16’ x 17’ column spacing, fully sprinkler-ed.
PD (Planned Development #326), with DX-7 underlying zoning allowing virtually all commercial uses.
Across the street from multiple public parking lots, extensive metered street parking, valet parking service can be arranged using
large loading zone in front of space.
$39-$45/SF, NNN. KEY MONEY TO BE DETERMINED BASED ON FINAL LEASE RATE
CAM & TAXES:
Do not disturb patrons or employees of existing restaurant (Bar Lupo)!