REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 649,000
Est. payment | /mo
2,176 SqFt
$ 649,000
Est. payment | /mo
2,176 SqFt
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 2,176 sqft
Price per Sqft $298
MLS Listing ID 12654486
Tax Year 2024
Lot Dimensions 18150
Property Sub-Type Bus / Bus w/Real Est
Property Description
***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.
Location
State IL
County Cook
Area Chi - Lake View
Interior
Cooling Central Air, Central Individual
Fireplace N
Building
Dwelling Type Bus / Bus w/Real Est
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tuyen Nguyen of Chicago Real Estate Resources
Contact US TODAY TO GET STARTED
Explore CHICAGO NEIGHBORHOODS
- Portage Park, Chicago, IL
- Norwood Park, Chicago, IL
- Edison Park, Chicago, IL
- Jefferson Park, Chicago, IL
- Lincoln Square, Chicago, IL
- Irving Park, Chicago, IL
- Park Ridge, IL
- Niles, IL
- Lincoln Park, Chicago, IL
- Logan Square, Chicago, IL
- South Loop, Near South Side, Chicago, IL
- Lake View, Chicago, IL
- West Loop, Chicago, IL
- Sauganash, Chicago, IL
- Western Springs, IL
- Oriole Park, Chicago, IL
- Hinsdale, IL
- Avondale, Chicago, IL
- Union Ridge, Chicago, IL
- La Grange, IL
- North Center, Chicago, IL