Retail Space / Illinois / Chicago / 60610 / 868 North Franklin Street

868 North Franklin Street

Q: What is the asking price for 868 North Franklin Street in Chicago?

The asking price for 868 North Franklin Street is $2,995,000

Q: What is the building size of this Retail property in Chicago, IL?

The size of the building/unit at 868 North Franklin Street in Chicago is 5,715 square feet.

Q: How much land does the Chicago, IL property at 868 North Franklin Street include?

868 North Franklin Street in Chicago includes 0.110 acres of land.

Q: What kind of Retail is the propery at 868 North Franklin Street?

The property at 868 North Franklin Street Chicago, IL 60610 is listed as a Free Standing Building Retail property.

Q: What is the population within 1 mile of 868 North Franklin Street?

The population within 1 mile of 868 North Franklin Street Chicago, IL 60610 is 100,067 people.

Q: Who do I contact for questions about 868 North Franklin Street?

You should contact the listing agent, Wayne Caplan, for any details regarding this commercial listing.

Chicago, IL 60610

Listing ID: 219636

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Building Size: 5,715 SF

Lot Size: 0.110 AC

Land Size: 4,791 SF

Building $/SF: $524.06

Land $/SF: $625.13

Price

$2,995,000

Description

SVN | Chicago Commercial is pleased to present this very unique former restaurant building in Chicago's red-hot River North neighborhood that offers substantial land and air rights for development and adding to its value. This property consists of approximately 5,715 square feet at and above grade along with a 3,874 square foot full-height lower level. The building has both a mezzanine level and a second level providing even more floor space. This dynamic space features soaring ceilings with a bow truss roof in the main area, a massive skylight, exposed brick and timber beams throughout, two upscale ADA restrooms, and the potential for outdoor seating. The property lends itself perfectly for a wide variety of uses including a restaurant (substantial infrastructure is already in place), nightclub, entertainment venue, banquet hall, office space, medical offices, salon, spa, fitness, gallery, showroom, childcare, or school…just to name a few.
The property also has substantial development value as the existing C1-5 zoning allows for an approximately 24,000 square foot building to be constructed on-site without any zoning relief. Additionally, the site is located in a designated Transit Oriented Development (TOD) zone, allowing for substantially decreased parking requirements for new residential / mixed-use developments. Very favorable assumable financing is also available on this asset.
Highlights
Approximately 9,589 SF Total (5,715 SF Between the Ground and Second Levels and 3,874 SF in the Lower Level)
For Sale at $2,995,000 - Also Available for Lease
Fantastic Assumable Financing Available
Perfect Location for a Variety of Uses Such as Restaurant (Substantial Infrastructure in Place), Nightclub, Entertainment
Venue, Banquet Hall, Office Space, Medical Offices, Salon, Spa, Fitness, Gallery, Showroom, Childcare, School, or Others
Existing C1-5 Zoning Allows for Approximately 24,000 SF of New Building Without Zoning Relief
Located in a Designated TOD Area for New Developments, Allowing for Minimal Parking Requirements
Fantastic Location in Chicago's Hot River North Neighborhood
3 Blocks From the CTA Brown and Purple Lines Chicago Avenue Station

Attachments & Files

868nfranklinst-brochure-1-W97-tSN.pdf

Points of Interest & Demographic Radii

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Chicago History of Retail Space for Sale

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Listing Demographics for 868 North Franklin Street Chicago, IL 60610

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		100,067	451,755	914,479
Population Median Age		40	37	36
Population by Age	0-9 Yrs	5152 (5%)	34182 (7%)	86733 (9%)
	10-19 Yrs	3746 (3%)	25685 (5%)	70978 (7%)
	20-29 Yrs	26055 (26%)	121895 (26%)	219840 (24%)
	30-39 Yrs	24763 (24%)	109720 (24%)	202363 (22%)
	40-49 Yrs	9786 (9%)	48534 (10%)	107008 (11%)
	50-59 Yrs	10065 (10%)	42283 (9%)	90452 (9%)
	60-69 Yrs	10574 (10%)	39784 (8%)	76245 (8%)
	70+ Yrs	9926 (9%)	29672 (6%)	60860 (6%)

Median HH Income		$108,193	$109,401	$86,179
Total Household Income	< 24K	7767 (12%)	31825 (13%)	77514 (18%)
	25-49K	5251 (8%)	21744 (9%)	57145 (13%)
	50-74K	7732 (12%)	28558 (12%)	57240 (13%)
	75-99K	7734 (12%)	27766 (11%)	49522 (11%)
	100-199K	17495 (28%)	72570 (30%)	112761 (26%)
	200K+	14748 (24%)	55306 (23%)	73910 (17%)

Highest Education Level	No Diploma	1420	10944	61142
	Diploma or GED	4264	22398	82145
	Some College	7366	31255	77584
	Assoc. Degree	2036	9559	26272
	Bachelors Degree	36956	147774	241105
	Higher Degree	32227	131237	191862

Total Housing Units		72,071	270,001	483,642
--Owner-Occupied		25,843	98,912	168,097
--Renter-Occupied		34,884	138,857	259,996
Owner-Occupied Values	< 100K	487	1566	5153
	100-199K	1472	4514	15252
	200-299K	4410	14435	30248
	300-399K	3772	17331	30157
	400-499K	3931	15764	24190
	500K+	11770	45301	63096

Total Working Age Population		93,342	406,266	787,554
In Work Force		71,182	312,764	583,519
Not In Work Force		22,160	93,502	204,036
Workforce Employed		69,158	302,379	557,210
Workforce Unemployed		1,980	10,143	25,971
Civlian Workforce		71,138	312,522	583,181
Military Workforce		44	241	338

Total Households		60,727	237,769	428,092
Family Households		18,830	84,990	176,635
Non-Family Households		41,897	152,779	251,457
Married Couple		15,983	70,460	128,750
Other Family		2,847	14,530	47,886
Married w/Child		3,297	21,251	45,700
Single Male w/Child		367	1,443	4,055
Single Female w/Child		1,012	4,569	17,664

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Cook County	5,376,741	-3	5,194,675	+10	5,707,832	+5	5,990,243

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 868 North Franklin Street in Chicago?

The asking price for 868 North Franklin Street is $2,995,000

What is the building size of this Retail property in Chicago, IL?

The size of the building/unit at 868 North Franklin Street in Chicago is 5,715 square feet

How much land does the Chicago, IL property at 868 North Franklin Street include?

868 North Franklin Street in Chicago includes 0.110 acres of land

What kind of Retail is the propery at 868 North Franklin Street?

The property at 868 North Franklin Street Chicago, IL 60610 is listed as a Free Standing Building Retail property

What is the population within 1 mile of 868 North Franklin Street in Chicago?

The population within 1 mile of 868 North Franklin Street Chicago, IL 60610 is 100,067 people.

Who do I contact for questions about 868 North Franklin Street?

You should contact the listing agent, Wayne Caplan, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Chicago Midway International Airport (MDW)	10
Chicago O'Hare International Airport (ORD)	15
South Bend Regional Airport (SBN)	69