Chicago, IL, 60657
$649,000
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0 Baths
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$649,000
Chicago, IL, 60657
MLS #MRD12654486 image #0MLS #MRD12654486 image #1MLS #MRD12654486 image #2
***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.

Property Details

Price:
$649,000
MLS #:
MRD12654486
Status:
Active
Beds:
0
Baths:
0
Type:
Business
Neighborhood:
chilakeview
Listed Date:
May 20, 2026
Total Sq Ft:
2,176
Chi – Lake ViewChilakeview

Schools

Interior

Cooling
Central Air, Central Individual

Exterior

Stories
42

Financial

Tax Year
2024
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Business in Chicago as of May 21, 2026
104
Business Listed
228
Avg DOM
$934,893
Avg List Price

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Property Summary

    Chicago IL is a Business for sale in Chicago, IL, 60657. It is listed for $649,000 To schedule a showing of MLS#mrd12654486 at in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
Chicago, IL