233 W Huron St - The Lord Companies, LLC

233 W Huron St

FOR LEASE
Prime Commercial Corner Retail Space

Neighborhood: River North

Cross Streets: Franklin St & Wells St

PROPERTY OVERVIEW:

High profile corner retail/commercial space in prime River North location. Located on the first floor and lower level of a 6-story timber loft building with 100 residential condos above and 28,000 SF of commercial condos on the first floor and lower level. Currently built-out as a 100+ capacity children’s day center.

The other commercial spaces in the building have been leased and/or sold to a variety of high-end businesses including Indienne, a Michelin-starred progressive Indian restaurant, The Franklin Room, Hair Loft Salon & Day Spa, and Loft Nail Spa.

LOCATION: This building is on the southeast corner of Huron and Franklin in the heart of the gallery/restaurant/ nightclub district in the River North neighborhood in downtown 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 nearby as well as abundant street parking. The residential and office population continues to grow rapidly as a result of active development, including new high-rise apartments, hotels and office buildings, conversions of older industrial buildings into residential and/or office lofts, and high-end single family homes

DEMOGRAPHICS (2023) 1.0 MILE 2.0 MILE 3.0 MILE
Population 132,712 273,322 446,860
• Population Growth 2010-2023 73% 56% 33%
Households 81,118 154,903 239,081
Median Age 39.5 38.8 38.1
Daytime Employment 365,405 585,962 699,391
Average Household Income $150,326 $148,554 $142,690
Median Household Income $118,992 $119,863 $114,539
Median Home Value $477,733 $472,280 $475,457
Total Specified Consumer Spending ($BB) $2.825 BB $5.437 BB $8.230 BB

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.

PROPERTY DETAILS:

AVAILABLE SPACE:

BASE LEASE RATE:

ADDITIONAL EXPENSES:

SALE PRICE:

FRONTAGE:

CONSTRUCTION:

DELIVERY CONDITION:

8,000 SF on 1st floor + the potential for an additional 4,500 SF on the lower level

$35-$40/SF, NNN for 1st floor space, inquire for lower level

~$20/SF

Inquire

167’ around corner of Huron & Franklin

Heavy timber with 13’ ceilings and 16’ x 17’ column spacing. Building is fully sprinklered.

Loft-style space with exposed heavy timber beams and ceiling, exposed spiral ductwork, and laminate flooring. Currently built-out as a children’s daycare facility with 9 classrooms, 6 bathrooms, catering kitchen/laundry and interior loading dock. This space was previously a high-end furniture store and a showroom & production studio for The Craftman Experience. None of the existing room partitions are structural.

ZONING:

PARKING:

AVAILABILITY:

MATTERPORT TOUR LINK:

PD (Planned Development #326), with DX-7 underlying zoning allowing virtually all commercial uses

Multi-car loading zone in front, abundant metered street parking,
public parking lot across the street.

Immediate

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233 W Huron 1st Floor Existing Space Plan