One of a Kind Restaurant/Hospitality Spaces at The Lofts at River East

For Lease

401-465 East Illinois St., Chicago, IL 60611

You can currently find 1 retail space(s) available for lease at One of a Kind Restaurant/Hospitality Spaces at The Lofts at River East. Designated use type for space listed here includes restaurant. Current retail listings at this property total 34,000 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at One of a Kind Restaurant/Hospitality Spaces at The Lofts at River East.

Space Available For Lease 1

Contacts

broker
Wayne Caplan

SVN | Chicago Commercial

Property Details

  • Property Type Retail - Restaurant
  • Property Size 34,000 SF
  • Lot Size 2.76 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 2017
  • Date Updated Dec 11, 2024
401-465 E Illinois / The Lofts at River East is located steps from Navy Pier and Lake Michigan in Chicago’s Streeterville neighborhood. Streeterville is a neighborhood in the Near North Side community area of Chicago, Illinois, north of the Chicago River. It is bounded by the river on the south, the Magnificent Mile portion of Michigan Avenue on the west, and Lake Michigan on the north and east. It can be described as the Magnificent Mile plus all land east of it. The tourist attraction of Navy Pier extends out into the lake from southern Streeterville.Flagship second-generation restaurant/hospitality space in the heart of Chicago’s Streeterville neighborhood. Join Target, Carson’s Ribs, Cupitol, Robert’s Pizza and Wu’s Korean BBQ (coming soon) at The Lofts at River East – one of Chicago’s most unique and sought-after retail/restaurant locations. This two-level, ±34,000 SF space can be easily separated into two spaces of ±11,500 and 22,500 SF, with further demising flexibility down to ± 4,100, 5,300, 9,800 and 12,400 SF spaces. The site has been the long-time home of a national bowling, bocce, dining and special event facility and sits beneath 285 luxury loft apartments. The ground-level portion of the space has access to an outdoor seating area on the Ogden slip docks and is one of the only waterside dining opportunities available in Chicago. This is an in-place, fully functional restaurant and high-volume event facility with incredible infrastructure including multiple kitchens and bars, a large full-service main kitchen, several restaurant venting options including a live fuel facility with a wood-burning oven, bathrooms, a main level outdoor deck and the Ogden Slip level waterfront outdoor seating areas, along with high capacity electrical and HVAC systems. The brick and timber interior aesthetics provide for a unique tenant setting. Additional property and area co-tenants include Pinched Mediterranean Restaurant, Cupitol, Whole Foods, Kanela and Yolk to name a few. The property is located one block from Chicago’s Navy Pier and boasts over 2 million unique pedestrian visits per year. This high-profile space has entrances and exposure both on Illinois St and on Ogden Slip. This is a once-in-a-lifetime opportunity to take advantage of Chicago’s high-density Streeterville neighborhood location, which draws residents, and tourists alike.
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Highlights

  • One-of-a-kind waterfront high-capacity restaurant/hospitality opportunity in Chicago’s Streeterville neighborhood
  • ±34,000 SF restaurant/hospitality space on ground floor beneath 285 luxury apartments
  • Two-level space can be easily demised into spaces of ±22,500 and 11,500 SF.
  • Additional demising possible into spaces of ±4,100, 5,300, 9,800 and 12,400 SF
  • Fully appointed 2nd generation space with multiple kitchens, bathrooms, HVAC, bowling alleys, bocce courts, outdoor seating, dual venting sources including a live fuel system, and much more
  • Large-capacity corporate, social and special event banquet facilities
  • Entrances and signage on Ogden Slip & Illinois Street
  • Rarely available outdoor dockside seating on Ogden Slip
  • Great co-tenancy includes Target, Carson’s Ribs, Robert’s Pizza, Pinched Mediterranean, Cupitol and Wu's Korean BBQ (coming soon)
  • Incredible urban density and foot traffic with over two million visitors per year
  • On-site parking garage
  • One block to Chicago’s Navy Pier
  • Fantastic area demographics with over $180K average annual income and over $560K median area home price
  • Available February 2025

Attachments

Getting around

  • 92/100

    Walk Score ®

  • 85/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Streeterville
  • Zip Code 60611
  • Market Chicago

Points of Interest

  • Grand

    0.62 miles

  • Millennium Station

    0.63 miles

  • State/Lake

    0.71 miles

  • Lake

    0.75 miles

  • Adams/Wabash

    0.93 miles

  • Merchandise Mart

    0.94 miles

  • Chicago

    1.09 miles

  • Harold Washington Library-State/Van Buren

    1.17 miles

  • Quincy

    1.24 miles

  • Clinton

    1.35 miles

  • Tesla Supercharger

    0.40 miles

  • BP

    0.85 miles

  • Shell

    1.18 miles

  • ChargePoint

    1.32 miles

  • Blink

    1.75 miles

  • Volta

    1.76 miles

  • Exxon

    1.84 miles

  • Citgo

    2.07 miles

  • Blink ParkChip Garage - 1035 Van Buren

    2.15 miles

  • City od Chicago Fuel Site 010

    2.17 miles

  • Parking Garage

    0.23 miles

  • Bus Dropoff

    0.26 miles

  • Erie Ontario Parking D

    0.27 miles

  • Erie Ontario Parking C

    0.29 miles

  • Taxi Parking

    0.30 miles

  • Northwest University Parking B

    0.33 miles

  • North Horbor Tower

    0.35 miles

  • Aqua Self Park

    0.36 miles

  • Village Market

    0.40 miles

  • Park Millennium

    0.42 miles

  • Pinched

    0.01 miles

  • Pinstripes

    0.02 miles

  • Carson's Ribs

    0.04 miles

  • Kanela Breakfast Club

    0.06 miles

  • Niu Japanese Fusion

    0.14 miles

  • Robert's Pizza Company

    0.17 miles

  • Buona

    0.17 miles

  • Streeterville Pizzeria & Tap

    0.17 miles

  • ETA Restaurant + Bar

    0.18 miles

  • Bombay Wraps

    0.19 miles

  • Target

    0.07 miles

  • Bockwinkel's

    0.20 miles

  • Whole Foods Market

    0.24 miles

  • Mariano's Fresh Market

    0.40 miles

  • Marshalls

    0.49 miles

  • The Shops at North Bridge

    0.50 miles

  • Nordstrom

    0.52 miles

  • Neiman Marcus

    0.52 miles

  • Saks Fifth Avenue

    0.55 miles

  • Trader Joe's

    0.56 miles

401-465 East Illinois 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.

    401-465 East Illinois St. is located in Streeterville, which is home to a total of 37 listing(s). The rent for retail space at 401-465 East Illinois St. is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.

  • The property includes 34,000 square feet of retail space for lease. Of this total, 34,000 square feet are Restaurant.

    Lease agreement conditions for the availability at this property include NNN.

    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 Streeterville is 38. The average household income here is $126,812 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.

Contact Listing Broker
broker
Wayne Caplan

SVN | Chicago Commercial

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