Commercial: MLS #12654486
Chicago, IL, 60657 $ 649,000
Bedrooms-- Baths-- Sq 2,176 Monthly Estimate*
$ 3,996
for $649,000. This 2,176 square foot building was built on a lot size of 0.416667.
***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.
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FeaturesGeneralCooling Central Air Central Individual
Possession Negotiable
Tenant Pays Air Conditioning Electricity Heat Trash Collection
Stories Count 42
Tax Year 2024
Business Type Restaurant
County Cook
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Status New
Directions North to LSD Exit Belmont West to the property.
City Chicago
MLS Area CHI - Lake View
Lot Size Square Feet 18150
Tax Annual Amount 0
Additional Parcels Y/N N
Lease Type Gross
Standard Status Active
Total Actual Rent 5600
Ownership Type Corporation
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ExteriorBuilding Area Total 2176
Lot Dimensions 18150
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* Excluded FeaturesList ByChicago Real Estate ResourcesBroker
tuyen.chicagocre@gmail.com;TuyenN@crer.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,996
- Monthly Property Taxes
- --
- Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $960,253
Percent of Sale Price 48%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/21/2026 | $649,000 | | Listed Price |