Chicago, IL Conventional Restaurants for Sale

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West Chicago, IL Cicero, IL Oak Park, IL

70 listings

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Turnkey Restaurant Venue with PPA License

$949,000

4,055 SF

Turnkey Restaurant Venue with PPA License

7455 W Irving Park Road, Chicago, IL 60634

Fully renovated restaurant with licenses and VGT potential in Chicago.

Rare opportunity to acquire a fully renovated, turnkey PPA‑licensed venue with uncommitted VGT potential, including Real Estate, Business, and Assets.
Includes a Public Place of Amusement (PPA), Liquor, and Food license, enabling diverse revenue streams beyond traditional food and beverage.
VGT‑ready game room is uncommitted, allowing the new owner to negotiate their own terminal operator agreement and incentives.
Fully gut‑rehabbed in late 2024 with a new dining & bar space (seats 95) and a brand‑new, fully equipped commercial kitchen.
Features a dedicated +15‑car parking lot with ample street parking and a 930 SF 3‑bedroom residential unit for additional income.

Updated: Apr 14

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Turnkey Restaurant Opportunity in Chicago

$649,000

2,176 SF

Turnkey Restaurant Opportunity in Chicago

420 W Belmont Avenue, Chicago, IL 60657

Below-market lease in East Lakeview, fully equipped restaurant with assets.

Turnkey restaurant opportunity in East Lakeview, ready for immediate operation.
Below‑market lease at approximately $5,600/month, significantly lower than the submarket average.
High‑traffic location with 18,000‑25,000 vehicles per day and proximity to key attractions.
Includes valuable business assets: customer database (55,000+), social media followers (25,000+), branding, and operational systems.
Fully built‑out space (2,176 SF, 80 seats) with a $600,000+ investment completed in 2020.

Updated: May 20

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$949,000

4,055 SF

Corner Development Site in Chicago

High-visibility corner lot with development potential in Belmont Heights/Dunning.

7455 W Irving Park Road, Chicago, IL 60634

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Mixed-Use Investment Opportunity, Chicago

$3,275,000

1,560 SF

Mixed-Use Investment Opportunity, Chicago

Portfolio investment in prime Chicago location with mixed-use asset.

163 W Division Street, Chicago, IL 60610

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$949,000

4,055 SF

Turnkey Restaurant Venue with PPA

Fully renovated restaurant with licenses and uncommitted VGT potential.

7455 W Irving Park Road, Chicago, IL 60634

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$129,000

2,500 SF

Corner Restaurant Business For Sale

Prime corner restaurant/bar on Lincoln Avenue corridor in Chicago.

6214 N Western Avenue, Chicago, IL 60659

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Corner Mixed-Use Building with Restaurant

$1,475,000

0.23 Acres

Corner Mixed-Use Building with Restaurant

Vacant solid-brick mixed-use corner property with a main-level restaurant/bar, residential units, and detached garage.

2506 N Clybourn Avenue, Chicago, IL 60614

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$848,888

0.11 Acres

Turnkey Restaurant Space with Patio

Ground-floor restaurant condo features a full commercial kitchen, ADA restrooms, and outdoor patio seating for immediate operations.

416 W Ontario Street, Chicago, IL 60654

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$529,900

4,200 SF

Mixed-Use Property in Belmont Cragin

Two-story mixed-use property with commercial and residential space.

5037 W Diversey Avenue, Chicago, IL 60639

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$115,000

Renovated Retail and Restaurant Space

Move-in ready storefront with fresh finishes and new flooring, positioned for strong commercial visibility and flexible use.

5017 S Ashland Avenue, Chicago, IL 60609

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Turn-Key Restaurant With Equipment Included

$135,000

0.07 Acres

Turn-Key Restaurant With Equipment Included

For sale restaurant space at 10606 S Torrence Avenue, offered turn-key with kitchen equipment included.

10606 S Torrence Avenue, Chicago, IL 60617

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$1,199,000

0.41 Acres

Multi-Section Restaurant Property

Multi-tenant restaurant building with a gazebo/patio and designated parking across the street for day-to-day customer convenience.

2723-2729 W Howard Avenue, Chicago, IL 60645

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$869,900

0.14 Acres

Two-Story Mixed-Use Investment Property

Two-building mixed-use setup with active restaurant space and residential income, positioned on a highly visible retail corridor.

5037-39 W Diversey Avenue, Chicago, IL 60639

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Riverdale Mixed-Use Investment Opportunity

$350,000

0.17 Acres

Riverdale Mixed-Use Investment Opportunity

Seven-unit mixed-use property in downtown Riverdale near Metra.

201 W 144th Street, Riverdale, IL 60827

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$788,000

3,500 SF

Portage Park Restaurant with Parking

Turnkey restaurant with real estate, FF&E, and 40 parking spaces.

3353 North Central Avenue, Chicago, IL 60634

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$469,900

0.07 Acres

Mixed-Use Restaurant and Apartments

High-traffic restaurant with 70+ seating plus income-producing second-floor apartments and rooftop deck access.

5039 W Diversey Avenue, Chicago, IL 60639

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Restaurant Space with Full Equipment

Turnkey restaurant setup in an approximately 2,500-sf street-facing space with transit access and strong neighborhood activity.

1706 W Foster Avenue, Chicago, IL 60659

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$125,000

Turn-Key Restaurant with Equipment

Turn-key pizza and Mexican food restaurant offered as a business-only sale with included equipment and furnishings.

9999 N CONFIDENTIAL Avenue, Chicago, IL 60641

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$1,099,000

0.09 Acres

Mixed-Use Building in Gladstone Park

Income-generating, fully leased mixed-use building in the heart of Gladstone Park.

5481 N Northwest Highway, Chicago, IL 60630

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$770,000

Restaurant Property For Sale

Restaurant property offered for sale with convenient regional access via I-55 and Pulaski Road.

5926-28 S PULASKI Road, Chicago, IL 60629

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$1,495,000

0.34 Acres

Turnkey Restaurant Near Midway Airport

Well-established restaurant with real estate near Midway Airport.

4715 W 63rd Street, Chicago, IL 60629

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Little Italy Restaurant Building For Sale

$999,000

3,531 SF

Little Italy Restaurant Building For Sale

Two-story restaurant in Little Italy with rooftop and high visibility.

1419 W Taylor Street, Chicago, IL 60607

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Bronzeville Commercial Building For Sale

$1,900,000

12,000 SF

Bronzeville Commercial Building For Sale

12,000 SF commercial building in revitalizing Bronzeville neighborhood.

418 E 43rd Street, Chicago, IL 60653

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$9,750,000

23,000 SF

Fulton Market Redevelopment Opportunity

23,000 SF redevelopment site in Fulton Market neighborhood.

1375 W Lake Street, Chicago, IL 60607

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Chicago, IL Conventional Restaurants Market Trends and Statistics

Explore 70 conventional restaurants for sale in Chicago, IL, showcased through 70 active listings on our real estate platform. These investment opportunities span a total of 204,183 square feet of properties for sale, with an estimated market value of $53,340,625.

Sale prices for conventional restaurants in Chicago, IL start at $125,000, averaging $1,481,684, and reaching up to $9,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 2.91M

Population Growth (5Y) +0.6%

Median Household Income $76,477

College Educated 44.3%

High-Yield Neighborhoods for Investment

Identify Chicago submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Elmwood Park	$889K
Chicago	$1.2M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Chicago fall within the 10,000 to 25,000 square foot range.

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