River North Park
Spaces
Retail | 3 spaces available | 2,094 SqFt - 6,073 SqFt
Building description
Incredible leasing opportunity at the newly renovated (2019) River North Park, located in the affluent River North neighborhood in downtown Chicago. River North Park, a 24-story apartment building totaling approximately 400 units, is located just two (2) blocks from the Ontario Street & Ohio Street feeder ramps in the heart of one of Chicago’s most densely populated neighborhoods (approx. 127,000 residents and 645,000 daytime employees and within a one-mile radius). River North Park features approximately 19,600 SF of prime storefront space and provides an excellent opportunity to join co-tenants UPS, Domino’s Pizza, Re’Luxe, Ora Dental Studio and Pups Pet Club. There are three (3) available units along Grand which are 2,998 SF, 5,977 SF, and 6,073 SF (can be combined). The units have large windows allowing retailers to display their brand as well as open interiors providing flexibility for an array of restaurant, retail, medical office or service-oriented users. The units do have the potential for black iron hook ups. There is a 211-space adjacent parking garage available to utilize for a fee.
The Property is located within the near north side of Chicago in the bustling River North neighborhood. The building is part of a thriving community projected to experience a 6.04% population growth over the next five (5) years and has a median household income $107,187 within a one-mile radius. The Property is situated on an entire city block between Grand Avenue and Illinois Street (east/west thoroughfares) and between North Orleans Street and North Franklin Street (north/south thoroughfares). With this location, the building is situated in one of Chicago’s most densely populated neighborhoods (127,813 within a one-mile radius) along with excellent public transit options. The building is steps from the Merchandise Mart “L” station (Brown and Purple lines) and is also just west of the Grand “L” station (Red line). The Brown line has an average weekday ridership of 68,073 while the Purple line has an average weekday ridership of 10,413. It is worth noting that the building is surrounded by several tech companies that help drive a daytime employee population of approximately 453,000. Some of these companies include Groupon (HQ), Yelp, Spotify, Salesfores, Motorola, Braintree, GoHealth, 1871 and eBay, among others.
Building highlights
- Prime location just two blocks off from the downtown feeder ramp and located in the heart of one of Chicago’s most affluent neighborhoods (River North).
- Newer multifamily development in the area increases density and brings with it a need for additional service-oriented uses.
- Excellent leasing opportunity at the base of a new mixed-use property with high-end amenities.
- Join co-tenants UPS, Domino’s Pizza, Re’Luxe, Ora Dental Studio and Pups Pet Club.
- With the current zoning, ownership has ability to lease the remaining vacancies to a range of retail, restaurant, office and medical office tenants.
- The spaces feature flexible unit sizes and layouts for an array of potential tenants and users.
- Tenant signage opportunities available with visibility and exposure to 17,000 VPD along Grand Avenue and 21,400 VPD along Orleans Street, in addition to heavy pedestrian traffic.
- River North has approximately 127,000 residents that live within a one-mile radius of the Property featuring an average household income of $107,187.
- Approximately 645,000 daytime employees within one (1) mile of radius.
- Situated in an area with numerous completed/active new developments, demonstrating tenants desire to be part of the River North neighborhood.
- Potential to provide parking for commercial tenants.
- Conveniently located steps from the Merchandise Mart “L” station (Brown and Purple lines) as well the Grand “L” station (Red line).
- Located two (2) blocks from the Ontario Street/Ohio Street feeder ramps, providing direct access to the Kennedy Expressway (Interstate 90 and Interstate 94), other neighborhoods in the city, and the entire interstate system.
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