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Chicago, Illinois, 60657, United States

Property ID: #13874244 // Commercial // Source Status: Active
    / 3
Traditional Sale
List Price:
USD $649,000
Icon 2,176 ft²
Icon 0.42 acres
Icon - beds
Icon - baths
City:
Chicago
State:
Illinois
Zip Code:
60657
County:
Cook
Neighborhood:
Chi - Lake View
Country:
United States
Property Type:
Commercial
Additional Property Types:
Commercial, Business
Property Size:
2,176 ft²
Lot Size:
0.42 acres
Data Source:
Midwest Real Estate Data (MRED)
MLS/Reference Number(s):
12654486
Source Status:
Active
Source Property Type:
Business Opportunity, Business

Property Provided By

  • Tuyen Nguyen
  • Chicago Real Estate Resources
  • +1 (773) 879-0713

Property Information

***TURNKEY RESTAURANT OPPORTUNITY | EAST LAKEVIEW | BELOW-MARKET LEASE 2,176 SF | 80 Seats | Ground Floor | 42-Story High-Rise | Belmont Ave ** Rare opportunity to assume a below-market lease in one of Chicago's strongest dining corridors, with current total rent of approximately $5,600/month against a submarket average of $7,400+/month NNN for comparable spaces. With 18,000-25,000 vehicles per day, dense residential population, commuter traffic off Lake Shore Drive, and direct proximity to Belmont Harbor, the Lakefront Trail, and Wrigleyville. The space is fully turnkey following a $600,000+ buildout completed in 2020, encompassing the commercial kitchen, draft beer line system, decor, branding, and operational infrastructure. The lease includes two ADA-compliant restrooms, one dedicated garage parking space, and a recently renewed liquor license. The sale includes significant business assets: a transferable customer database of 55,000+ email and SMS subscribers, 25,000+ social media followers, along with established branding, recipes, a website, marketing assets, and operational systems. Value-add opportunities exist through expanded operating hours, catering, private events, alcohol sales, delivery, and retail products. This is an ideal acquisition for an owner-operator, restaurant group, cafe concept, cocktail lounge, or hospitality operator seeking a proven, high-visibility location in East Lakeview. Please do not contact on-site staff directly. Click on "Additional Information" to download the brochure.

Directions

North to LSD, Exit Belmont, West to the property.

Source Disclaimer

Midwest Real Estate Data (MRED)

Based on information submitted to the MLS GRID as of 2026-08-28 20:50:11 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This content last updated on 2026-11-01 01:33:47. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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