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About the Listing 84644 - 119058
***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.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Business Opportunity
MLS ®
12654486
Year Built
Total Square Footage
2,176
Lot/Acreage
0.42
County
Cook
Area
CHI - Lake View
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air,Central Individual
- Heating: Ceiling Units,Central Heat/Indiv Controls,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 18150
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 00000000000000
- Tax Year: 2024
Payment Calculator
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Questions About..
Listing 12654486 Chicago, IL 60657
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