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401-465 E Illinois St
Chicago, IL 60611
The Lofts at River East · Property For Lease · 547,000 SF

HIGHLIGHTS

  • ±34,000 SF 1-of-a-kind waterfront high-capacity restaurant/hospitality opportunity on ground floor beneath 285 luxury apts | Streeterville
  • Fully appointed 2nd gen space w/ kitchens, bathrooms, HVAC, bowling alleys, bocce courts, outdoor seating, dual venting sources & a live fuel system
  • Incredible urban density & foot traffic w +2M visitors/year | Fantastic area demographics w/ +$180K ave annual income & +$560K median area home price
  • 2-level space easily demised into ±22,500 and 11,500 SF | Additional demising possible into spaces of +/- 4,100, 5,300, 9,800 and 12,400 SF
  • Large-capacity corporate, social & special event banquet facilities | Entrances & signage on Ogden Slip & Illinois St | One block to Navy Pier
  • Great cotenancy: Target, Carson’s Ribs, Robert’s Pizza, Pinched Mediterranean, Cupitol & Wu's Korean BBQ (coming soon) | On-site parking garage

ABOUT THE PROPERTY

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.

PROPERTY FACTS

Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Size 547,000 SF
Year Built 2015
  • Listing ID: 26680876

  • Date on Market: 9/21/2022

  • Last Updated:

  • Address: 401-465 E Illinois St, Chicago, IL 60611

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