


Chicago, IL 60657
Commercial · 2,176 Sq. ft.Overview
- Time on Site:
- 40 days
- Visits:
- 0
***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.
Facts & Features
- Type Commercial
- Sq. ft. 2,176
- Price/Sq.ft. $298
Details
General
Income/Expenses
- Existing Lease Type: Gross
- Operating Expense: 0
Business Information
- Business Type: Restaurant
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Lake View
Rent/Lease Information
- Tenant Pays: Air Conditioning, Electricity, Heat, Trash Collection
Tax Information
- Tax Annual Amount: $0.00
- Tax Year: 2024
General Information
- Property Type: Business Opportunity
Interior
Building Interior
- Building Area Total: 2176
General Information
- Cooling: Central Air, Central Individual
- Stories: 42
Unit Information
- Unit SqFt.: 2176
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 18150
- Lot Size Square Feet: 18150
Neighborhood
Community
60657 (Chicago) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.Monthly Cost
Market Data
Based on the last 30 days in this zip code
History
| Date | Value | Agent |
|---|---|---|
| 5/25/2026Source: MRED | Active |
|
| 5/20/2026Source: MRED | May 20, 2026 |





