Space Available For Lease 1

306 S Halsted

Space Type Restaurant
Lease Rate $26.00/SF/YR
Additional Rent Contact for pricing
Total Space Available 4,200 SF
Floor Ground
Divisible Space 2,100 - 4,200 SF
Available Date Immediate
Lease Type Modified Gross
Renewal Option Yes
Sublease No

Tim Rasmussen

SVN | Chicago Commercial

Contacts

Tim Rasmussen

SVN | Chicago Commercial

Property Details

Property Type Retail - Restaurant
Property Size 20,400 SF
Units 1
Lot Size 0.11 Acre
Additional Rent Contact for pricing
Year Built 1926
Date Updated Dec 11, 2024

306-308 S Halsted is located in the heart of Chicago’s vibrant West Loop/Fulton Market corridor, within walking distance of the University of Illinois at Chicago campus. Over the past decade, this area has experienced some of the country's highest population and income growth. Within a ½ mile radius, the population has grown to over 19,000 residents, with an average household income exceeding $182,000 annually. Between 2015 and 2025, over 10,000 new luxury apartment units are projected to be added, reflecting the area's rapid transformation into a hub for upscale living and commercial activity. Since 2014, approximately 8 million square feet of new office space have been developed, significantly increasing the daytime population. The site enjoys easy access to multiple transportation options, including the I-90 expressway, CTA Blue Line, Metra stations, and several CTA bus routes.This 2nd generation restaurant is fully improved and includes mechanical, electrical, and plumbing systems, three black iron exhaust systems, and an array of kitchen equipment, retail displays, handicap washrooms, and indoor seating. The basement includes extensive food preparation areas, ventilation hoods, walk-in coolers, a manager’s office, and dry storage areas. The space can also be adapted to a variety of other retail uses and can be subdivided into two, 2,100 sf retail storefronts. The property is zoned DX5 allowing for a wide range of uses.

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Highlights

Prime location in Chicago's bustling West Loop
Spacious and flexible interior layout
High ceilings
Significant restaurant infrastructure
Proximity to public transportation and major roadways
Ideal for a variety of retail, dining, or service uses

Attachments

306 S Halsted Lease Brochure (PDF) opens in new window

Getting around

95/100
Walk Score ®
92/100
Transit Score ®
88/100
Bike Score ®

Powered by Walk Score ®

City Chicago, IL
Neighborhood Greektown
Zip Code 60661
Market Chicago

Points of Interest

UIC-Halsted (Halsted Street)

0.14 miles
UIC-Halsted (Peoria Street)

0.18 miles
UIC-Halsted (Morgan Street)

0.26 miles
Clinton

0.36 miles
Morgan

0.59 miles
Quincy

0.71 miles
Grand

0.95 miles
Harold Washington Library-State/Van Buren

0.96 miles
Merchandise Mart

1.03 miles
Adams/Wabash

1.11 miles

Blink

0.18 miles
Volta

0.18 miles
Shell

0.25 miles
Blink ParkChip Garage - 1035 Van Buren

0.30 miles
Electrify America

0.45 miles
Citgo

0.60 miles
Tesla Supercharger

0.70 miles
ChargePoint

0.77 miles
eVgo

0.90 miles
Marathon

0.99 miles

UIC Lot 8

0.12 miles
Presidential Towers Garage

0.35 miles
Accident Investigation Site and Stormwater Detention Facility

0.37 miles
UIC Lot 11

0.39 miles
UIC Lot 4

0.43 miles
Harrison Street Parking Structure

0.43 miles
UIC Lot 1A

0.44 miles
Halsted Street Parking Structure

0.49 miles
Lot 12

0.51 miles
UIC Lot 1B

0.51 miles

Taco Burrito King

0.02 miles
9 Muses Bar & Grill

0.02 miles
Meli Cafe

0.02 miles
Zeus Restaurant

0.03 miles
Mr Greek Gyros

0.03 miles
Tamashii Ramen

0.03 miles
Philly‘s Best

0.04 miles
Xi'an Cuisine

0.04 miles
Jimmy John's

0.06 miles
Primos Chicago Pizza

0.06 miles

H Mart

0.15 miles
Wild Fork

0.19 miles
Mariano's Fresh Market

0.23 miles
Metro Spice Mart

0.31 miles
Whole Foods Market

0.34 miles
Target

0.42 miles
Chicago French Market

0.55 miles
The Maxwell

0.71 miles
Burlington

0.72 miles
Marshalls

0.73 miles

306 S Halsted St Listing Brief

A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

306 S Halsted St is located in Greektown, which is home to a total of 6 listing(s). Retail space at 2nd Generation Restaurant For Lease asks $26.00/SF/YR per square foot.
The property includes 4,200 square feet of retail space for lease. Of this total, 4,200 square feet are Restaurant.

Lease agreement conditions for the availability at this property include Modified Gross.

For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

Knowing your ideal customer is essential. For your consideration, the average age of residents in Greektown is 32. The average household income here is $129,624 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.