Properties

Features
: Central Air , Central Individual
Address Map
US
IL
Cook
Chicago
60657
Belmont
420
Avenue
North to LSD, Exit Belmont, West to the property.
CHI - Lake View
CHI - Lake View
W
W
Additional Information
2176
Restaurant
18150
42
Chicago Real Estate Resources
Tuyen Nguyen
Listing Information
119058
84644
MRED
Listing Information
Active
2026-05-26T05:06:06Z
2026-05-26T05:05:32Z
Property Description

***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.

Business Opportunity For Sale

420 Belmont Avenue, Chicago, IL 60657

$649,000
Listing ID#12654486
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Basic Details
Property Type : Business Opportunity
Listing Type : For Sale
Listing ID : 12654486
Price : $649,000
Listing Status : Active
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