Chicago, IL 60657
$649,000

Presented By: Chicago Real Estate Resources
Home Details
***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.
Presented By: Chicago Real Estate Resources
General for
Additional Parcels Y/NNo
Business TypeRestaurant
CityChicago
CoolingCentral Air, Central Individual
CountyCook
DirectionsNorth to LSD, Exit Belmont, West to the property.
Lease TypeGross
Lot Size Square Feet18150
MLS AreaCHI - Lake View
Operating Expense
Ownership TypeCorporation
PossessionNegotiable
Property TypeBusiness Opportunity
Property TypeBus / Bus w/Real Est
Standard StatusActive
StatusActive
Stories Count42
Tax Annual Amount0
Tax Year2024
Tenant PaysAir Conditioning, Electricity, Heat, Trash Collection
Total Actual Rent5600
Exterior for
Building Area Total2176
Lot Dimensions18150
Additional Details
Price History

SQFT • 2,176