217 W Huron St
“Turnkey” Restaurant Space
Neighborhood: River North
Cross Streets: Franklin St & Wells St
PROPERTY OVERVIEW: High profile restaurant space in prime River North location. Located on the first floor of a 6-story heavy-timber loft building with 100 residential condos above and 28,000 SF of commercial spaces on the first floor and lower level. This space was most recently occupied by Bar Lupo/Oak & Char. Prior to that, it was the two-Michelin star Graham Elliot restaurant, and Allen’s New American Café and Harvest on Huron for nearly a decade.
AVAILABLE SPACE: 5,730 rentable SF on main floor. Fully built-out restaurant can seat 140+ plus 60+ outdoor dining seats. Potential to divide to ~4,700 SF. There is also potentially a separate 900 SF space in the basement with coolers, office, and storage space.
DELIVERY CONDITION: Recently renovated space is available with all equipment and fixtures with no key money. Space is in “ready-to-open” condition.
LEASE RATE: $36-$40/SF NNN, negotiable depending on build-out, tenant credit, lease term, etc.
CAM & TAXES: ~$17/SF
FRONTAGE: 68’ along Huron with large blade and banner signage and operable front windows. Extra-wide 16’ sidewalk can
accommodate a large outdoor dining area.
PARKING: Valet parking service can use large loading zone in front of space, extensive metered street parking plus several public parking lots within a block.
ZONING: PD (Planned Development #326), with DX-7 underlying zoning.
CONSTRUCTION: Heavy timber with 13’ ceilings and 16’ x 17’ column spacing, fully sprinklered.
LOCATION: 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 nearly 50,000 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 development in the area
including new high-rise apartment buildings on virtually every adjacent block.
NEARBY TENANTS: 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, Shay Chicago, Yolk, Rainforest Café, Fogo de
Chão, Taco Joint, and many more.
DEMOGRAPHICS (2019) 1 MILE 3 MILES
*Population Growth 2010-2019
Average Household Income
Median Household Income
Consumer Spending ($000)
TRAFFIC COUNTS: 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.