CROSS STREETS: FRANKLIN & WELLS
For Lease: "Turnkey" 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 converted heavy- timber loft
building with 100 residential condos above and commercial spaces 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.
5,720 rentable SF on main floor + 900 SF office & storage space in the lower level. Fully built-out restaurant seats 140+ plus 50+
outdoor dining seats.
Recently renovated space 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..
Heavy timber with 13’ ceilings and 16’ x 17’ column spacing, fully sprinklered.
PD (Planned Development #326), with DX-7 underlying zoning allowing virtually all commercial uses.
Valet parking service has been using large loading zone in front of space, extensive metered street parking plus several public
parking lots within a block.
CAM & TAXES:
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.