416 W Ontario Street #C-1
Chicago, IL 60654

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Description

***** FOR SALE or LEASE **** Turnkey Restaurant Space | Approx. 4,300 SF | Fully Equipped | River North ****** Bring your concept and OPEN IMMEDIATELY - this is a rare opportunity to own a fully built-out, fully equipped, turnkey restaurant space in the heart of River North, one of Chicago's most sought-after dining and nightlife destinations with Seating for 50+ ************** Located on the ground floor of a boutique loft building at 416 W Ontario St, Unit C 1 offers approx. 4,300 sq ft of restaurant space with 15-foot ceilings, exposed brick, and outstanding street-level visibility. This space comes complete with EVERYTHING you need to start operating TODAY!!!! ************ This exceptional retail condo in the heart of River North, formerly a restaurant, presents a prime opportunity for a variety of retail uses or to continue as a dining establishment. * The space is in immaculate, turn-key condition, with much of the furniture, fixtures, and equipment already in place. * Covering 2,797 square feet, the property boasts soaring ceilings that create an open, welcoming atmosphere. * The thoughtfully designed layout includes two ADA-compliant restrooms and a delightful outdoor seating area, perfect for alfresco dining!! ************** Truly Turnkey - What's Included: * Full commercial kitchen: 22' ventilation hood, cook line, walk-in cooler, prep station, dishwashing area * All kitchen equipment: Ranges, ovens, fryers, sinks, refrigeration units - ready to go * Dining room furnishings: Tables, chairs, host stand, bar equipment * All smallware's: Plates, bowls, silverware, glassware, cooking tools, serving utensils - all included * Two ADA-compliant restrooms * Outdoor patio seating permitted - ideal for seasonal alfresco dining * Central air conditioning, wood flooring, and loft-style architectural details * Includes FF&E package (Furniture, Fixtures & Equipment) turnkey for restaurant use ***************** Location, Location, Location * Situated in bustling River North just steps from LaSalle & Ontario * Surrounded by established restaurants, nightlife, galleries, and high-end residences * Heavy foot traffic, strong daytime office and evening dining population * Easy access to CTA, expressways, and downtown ******************* Space Details * Total Size: Approx. 4,300 SF * Built-Out Area: Approx. 2,797 SF fully finished dining + kitchen area * Zoning: B3 - ideal for restaurant, retail, lounge, or cafe * Previously operated as a full-service restaurant - no costly buildout delays ************ Perfect For: * Restaurateurs ready to launch a new concept without the upfront cost * Established operators expanding to a second (or third) location * Franchisees looking for a downtown Chicago footprint * Investors seeking a plug-and-play restaurant property ******************* Move Fast * Inventory like this doesn't come along often in the heart of River North, one of Chicago's most sought-after dining and nightlife destinations. * Save time, save money, and skip the buildout headaches - this space is truly ready for your team to unlock the doors and start serving on Day One!! **************** CALL today to schedule a private tour and see firsthand what makes 416 W Ontario #C 1 a standout opportunity in the Chicago market. ***** FOR LEASE or SALE ********

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60654
• Year Built: 2003
• Sq.Ft.: 4,300 sq ft
• Stories: 1
• Building Area Total: 4300
• Cooling: Central Air
• Directions: Take the I-94 E/I-90 E freeway Take exit 50B on the right onto N Orleans St Turn left onto N Orleans St Keep right at N Orleans St Turn left onto Ontario
• Electric: Circuit Breakers, Over 600 Amps, Power - 480V, Heavy Power 1200+ Amps, 220 Volts, 440 Volts, Other
• Estimated Cam/Sf: 1.17
• Estimated Tax/Sf: 8.21
• Fire Protection: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Hydrants On Site, Smoke or Fire Protectors, Sprinklers-Wet
• Heat/Ventilation: Ceiling Units, Central Heat/Indiv Controls
• Information: Short Notice OK
• Leasable Area: 4300
• Lot Size Square Feet: 5000
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 4300
• Original Rental Price: 21.45
• Property Offered: For Sale or Rent
• Rental Price: 21.45
• Tax Annual Amount: 35299.28
• Tax Year: 2023
• Tenant Pays: Varies by Tenant
• Total Actual Rent: 8600