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TenantBase Description
Restaurant and retail spaces at 401-465 East Illinois Street occupy the ground floor of a large brick building in Chicago's Streeterville neighborhood, at the entrance to Ogden Slip and about a block from Navy Pier. It is a setting where everyday neighborhood life and the waterfront come together, with residential floors above and active storefronts at sidewalk and dock level.
From Illinois Street, the building presents a long red brick facade with rows of windows above and broad storefront openings below. The street side gives businesses a clear urban presence for people arriving on foot, by car or from the surrounding blocks of residences, offices and hotels. Around the corner, the character changes. The slip side faces a paved waterfront promenade lined with trees, railings, docks and moored boats, set among the towers of the river and lakefront district.
That dual orientation shapes how the ground floor works. Entrances and display windows can address the street, while the water side opens to a walkway where people stroll, wait for boat tours and stop for a meal outdoors. Along the promenade, umbrellas, planters and tables extend dining onto the walk, shaded by mature trees and looking across the water to balconies and glass storefronts. Steps and ramps connect the upper walk to the dock edge, keeping the movement between indoors, sidewalk seating and the water direct and easy to read for first time visitors.
Inside, brick and heavy timber give the ground floor rooms a warm, loft like feel that suits both restaurants and shops. Large windows bring the activity of the promenade and street into view, so the interior stays connected to what makes the location distinct rather than turning inward.
The surrounding Streeterville blocks add density and variety, with residents living above and nearby, daytime workers close by and visitors heading toward Navy Pier. The combination of street frontage, dockside setting and a building with genuine weight gives an operator room to create a place that feels rooted in Chicago while living off the daily rhythm of the slip.
Listing Agent Description
Join Target, Pinstripes & Carson’s Ribs at The Lofts at River East – one of Chicago’s most unique and sought-after retail/restaurant locations. Dynamic 10,714 SF space can be demised into two spaces 4,847 SF & 5,797 SF. Former home of Dick’s Last Resort and sits beneath 285 luxury loft apartments. Positioned at the entrance of the Ogden slip docks this is one of the only waterside dining opportunities available in Chicago.
Recent improvements to the space provide ample existing infrastructure for a new restaurant or retail space including a large black iron venting system, underground plumbing, HVAC, and high-capacity electrical service. The brick and timber interior aesthetics provide for a unique tenant setting. Outdoor dockside seating is available with the possibility for installation of an additional floating dock.
Additional property and area co-tenants include Pinched Mediterranean Restaurant, Cupitol, Whole Foods, Foxtrot Market, 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 sits at the entrance to the dock immediately next to Target. 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.
- One-of-a-kind waterfront restaurant/retail opportunity in Chicago’s Streeterville neighborhood
- 10,714 former restaurant space on ground floor beneath 285 luxury apartments
- Potential demising plan of 4,847 SF & 5,797 SF spaces
- End-cap space adjacent to Target with entrances and signage on Ogden Slip & Illinois St
- Ample outdoor dockside seating
- Substantial existing infrastructure including black iron, HVAC & underground plumbing
- Great co-tenancy includes Target, Pinstripes, Carson’s Ribs, Robert’s Pizza, Pinched Mediterranean & Cupitol
- 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
Suite Available
- Suite: 435 E. Illinois
- Size:34,000 SF
- Monthly Rent:Negotiable
- Offices:
Location
Frequently Asked Questions
How are the restaurant and retail spaces positioned in the building?
The spaces sit on the ground floor beneath residences, with one side addressing East Illinois Street and the other opening to the Ogden Slip promenade. That allows a business to welcome street traffic while also facing trees, docks, moored boats and people walking the waterfront.
Is there room for outdoor dining by the water?
The slip side faces a broad paved promenade where outdoor tables, umbrellas and plantings are part of the established pattern. Storefronts open directly to the walk, so indoor rooms flow naturally to outdoor seating shaded by trees and set beside the water.
What makes the surrounding area practical for a restaurant or shop?
The property is in dense Streeterville, about a block from Navy Pier and close to residences, offices and hotels. The waterfront walk brings steady foot traffic past the doors, and an on-site garage adds practical parking in this part of the city.
Listing courtesy of Wayne Caplan, wayne.caplan@svn.com, SVN | Chicago Commercial