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310 S Halsted St 5,000 SF of Retail Space Available in Chicago, IL 60661
Highlights
- Prime location in Chicago’s West Loop/Fulton Market corridor | Turn-Key restaurant opportunity
- One of the nation’s fastest-growing neighborhoods for population and income over the past decade
- +10,000 new luxury apartment units built between 2015-2025 and ±8M SF of new office space developed since 2014
- Walking distance to the University of Illinois at Chicago campus | Excellent transportation access
- Over 19,000 residents within a ½-mile radius with average household income exceeds $182,000 within a ½-mile radius
- Significant increase in daytime population driving retail and commercial activity
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Restaurant | 5,000 SF | Negotiable | $21.60 /SF/YR $1.80 /SF/MO $108,000 /YR $9,000 /MO | Triple Net (NNN) |
1st Floor, Ste Restaurant
Rare opportunity to lease a beautifully built-out 5,000 square foot restaurant space in the heart of Chicago’s highly sought-after West Loop neighborhood. Located in one of the city’s premier dining destinations, this space offers immediate operational potential with substantial restaurant infrastructure already in place. The premises feature a fully built-out commercial kitchen with extensive kitchen infrastructure in place. A lower-level area provides additional storage and refrigeration capacity, ensuring efficient back-of-house operations. ADA-compliant restrooms are already installed, allowing for seamless occupancy. The layout includes a full-service bar with excellent separation from the main dining room, creating distinct yet cohesive environments. The thoughtful floor plan allows for simultaneous bar traffic and dining service while also accommodating private events, buyouts, and group dining without disrupting daily operations. With strong street presence in the vibrant West Loop, this space is ideally suited for an experienced operator seeking a turnkey opportunity in one of Chicago’s most dynamic restaurant markets.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 310 S Halsted St, Chicago, IL 60661
- Tenant
- Description
- US Locations
- Reach
- Chicago Parthenon Hostel
- Accommodation and Food Services
- -
- -
| Tenant | Description | US Locations | Reach |
| Chicago Parthenon Hostel | Accommodation and Food Services | - | - |
Property Facts
| Total Space Available | 5,000 SF | Gross Leasable Area | 19,875 SF |
| Property Type | Retail | Year Built | 1931 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 0.1/1,000 SF |
| Total Space Available | 5,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 19,875 SF |
| Year Built | 1931 |
| Parking Ratio | 0.1/1,000 SF |
About the Property
310 S. Halsted is ideally situated in the heart of Chicago’s dynamic West Loop/Fulton Market corridor, just steps from the University of Illinois at Chicago campus. Over the past decade, the neighborhood has experienced some of the strongest population and income growth in the country. Within a half-mile radius, the population now exceeds 19,000 residents, with an average household income of more than $182,000 annually. Between 2015 and 2025, more than 10,000 luxury apartment units are projected to be delivered, underscoring the area’s rapid evolution into a premier destination for upscale living and vibrant commercial activity. Since 2014, approximately 8 million square feet of new office space has been developed, substantially increasing the daytime population and further energizing the neighborhood. The property also offers exceptional connectivity, with convenient access to I-90/94, the CTA Blue Line, nearby Metra stations, and multiple CTA bus routes.
Nearby Major Retailers
