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

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

  • For Lease Contact for pricing
  • Property Type Retail - Restaurant
  • Property Size 34,000 SF
  • Lot Size 2.76 Acre
  • Additional Rent Contact for pricing
  • Year Built 2017
  • Date Updated Nov 13, 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 approx. 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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Attachments

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

Spaces Available

Contacts

broker

Wayne Caplan

SVN | Chicago Commercial

Location

Getting Around

  • Walk Score ®

    92/100 Walker's Paradise
  • Bike Score ®

    85/100 Very Bikeable
Powered by Walk Score ®
  • 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

Frequently Asked Questions

How much does retail space at 401-465 East Illinois St. cost?

The price for retail space for lease at 401-465 East Illinois St. is available upon request. Pricing of commercial spaces is largely dependent on things like location — especially proximity to areas that can be easily reached by car or public transit or enjoy high foot traffic — the overall size, features and condition of the space, and the lease structure. Safety and security in the area can also play an important role in choosing the most suitable retail space for a business.

What kind of retail space can I rent at 401-465 East Illinois St.?

The property has 34,000 square feet of rentable Restaurant space. Rental opportunities here are available under NNN lease terms.

Use the contact form at the top of this page to schedule a tour of the property with a broker and get further details on this listing.

How many parking spots are available at 401-465 East Illinois St.?

Reach out to the listing broker for more information on vehicle access and parking options at or near this property, as well as additional amenities that complement the retail experience at 401-465 East Illinois St.. You can find 10 parking option(s) and 1 fuel station(s) within a 0.5-mile radius.

Are there any potentially competing retail businesses in the area?

Yes, there are 5 spaces zoned for retail use within a 0.5-mile radius of 401-465 East Illinois St..

Is 401-465 East Illinois St. located in a popular area for retail businesses?

The property is part of Streeterville, which is home to 34 other retail listings.

Other popular areas for retail businesses in Chicago include Chicago Loop, South Loop, Lakeview.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Wayne Caplan

SVN | Chicago Commercial

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