222 E Ontario St - Restaurant FOR SALE


Chicago, IL 60611
$3,500,000 USD
312-372-3224
222 E Ontario St, Chicago, IL for Sale
$3,500,000 USD
Restaurant - FOR SALE
1/20
null | 6.25% Cap Rate

222 E Ontario St
Chicago, IL 60611


HIGHLIGHTS

  • Booming Streeterville location steps from Michigan Avenue, the Apple Store, Riverwalk, hotels, restaurants
  • 12 -foot ceiling heights
  • Excellent Transportation: Walk Score 93 and Transit Score 99
  • 1-mile demographics (US Census 2023 estimate): Total Population: 118,980, Avg HH Income: $150,113, Median Home Value: $498,927, Median Age: 40

OVERVIEW

Freestanding, single-tenant property in Chicago’s vibrant Streeterville submarket available for sale. Since 1978, the property has continuously housed one of Chicago’s top-rated French restaurants (2 years remain on lease). Located east of North Michigan Avenue and on the north side of Ontario Street, the property is surrounded by a dazzling mix of commercial, office, and residential properties, including several mid- to high-rise hotels and multi-family residences, The surrounding hotels include the Hyatt Centric, Hotel EMC2 Autograph Collection, Marriott Fairfield, Aloft Chicago Mag Mile, the St. Clair. Northwestern Memorial Hospital and Medical Complex is located directly to the north and the prestigious Arts Club of Chicago is steps away.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$446 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1881

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

CROSS STREETS

Fairbanks Ct

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

DX-12

APN/PARCEL ID

17-10-203-014-0000

ASK ABOUT THIS PROPERTY

Aaron AnovitzAnn Anovitz AssociatesMore Info
312-372-3224

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Aaron AnovitzAnn Anovitz AssociatesMore Info
312-372-3224

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.