For Sale $11,460,000
Property Type Retail - Restaurant
Property Size 14,005 SF
Lot Size 0.2 Acre
Date Updated May 9, 2024

Steak 48 is located in River North, one of Chicago’s densest and most affluent neighborhoods, boasting strong daytime and evening traffic given the numerous luxury high-rise apartments and condos, luxury hotels, office buildings, and iconic Chicago attractions. Located two blocks west of Michigan Avenue and adjacent to major hotels and attractions, the immediate area receives incredible exposure to many of Chicago’s 54 million annual visitors.Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in a coveted urban retail building leased to Steak 48, one of Chicago’s most popular and highest grossing steakhouses. Steak 48 is operating on a long-term triple-net lease with 2% annual escalations in the heart of Chicago’s affluent and heavily visited River North neighborhood.

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Contacts

Joe Girardi

Mid-America Real Estate Group

(630) 954-7392

Location

Getting Around

Walk Score ®
100/100 Walker's Paradise
Transit Score ®
100/100 Rider's Paradise
Bike Score ®
83/100 Very Bikeable

Map
Street

City Chicago, IL
Neighborhood Near North Side Chicago
Zip Code 60611
Market Chicago

Points of Interest

Grand

0.12 miles
Merchandise Mart

0.49 miles
State/Lake

0.51 miles
Chicago

0.53 miles
Lake

0.59 miles
Millennium Station

0.60 miles
taxi rank

0.67 miles
Adams/Wabash

0.92 miles
Clinton

0.94 miles
Quincy

1.05 miles

BP

0.29 miles
Tesla Supercharger

0.56 miles
Shell

0.63 miles
BP

1.19 miles
Shell

1.31 miles
BP

1.40 miles
Tesla Supercharger

1.48 miles
Tesla Supercharger

1.79 miles
BP

1.80 miles
Citgo

1.87 miles

Rush-Ohio-Wabash Self Park

0.03 miles
North Bridge Self Park

0.08 miles
Grand Plaza parking

0.13 miles
Grand Plaza Parking

0.14 miles
State-Kinzie-Wabash Self Park

0.25 miles
Huron-Superior Self Park

0.28 miles
Northwestern University Parking

0.36 miles
Anti-Cruelty Society Parking

0.39 miles
Ohio Public Parking

0.45 miles
Parking Garage

0.48 miles

Steak 48

0.00 miles
Pizzeria Due

0.01 miles
Su Casa Mexican Restaurant

0.02 miles
California Pizza Kitchen

0.02 miles
Big Bowl

0.03 miles
Vapiano

0.04 miles
Safehouse Chicago

0.04 miles
Shake Shack

0.05 miles
Pizzeria Uno

0.05 miles
Fleming's Prime Steakhouse & Wine Bar

0.06 miles

Trader Joe's

0.04 miles
Neiman Marcus

0.05 miles
Marshalls

0.07 miles
The Shops at North Bridge

0.10 miles
Nordstrom

0.12 miles
Jewel-Osco

0.12 miles
Saks Fifth Avenue

0.20 miles
Whole Foods Market

0.26 miles
Target

0.34 miles
Bockwinkel's

0.39 miles

Frequently Asked Questions

What is the lease rate for 615 N Wabash?

Rental asking rate at 615 N Wabash is $5,730,000.00/YR.

What is the total square footage of 615 N Wabash?

615 N Wabash totals 14,005 square feet.

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