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416 W Ontario St Chicago, IL 60654

For Lease
$21 SF/Yr

Commercial Lease - Chicago, IL

Days on Market:
55
Last Refresh:
Dec 15 at 12:06 am

Property Features for 416 W Ontario St

General Information

Property type
Commercial Lease
Property subtype
Other
Standard status
Active

Utilities

Cooling system
Central Air

Building Details

Year built
2003
Architectural style
Other

Charles Rutenberg Realty (630) 929-1100 [email protected]

Listing agent Larry Lazar (630) 929-1100 License #475189346

Listing date Oct 22, 2025

MLS# 12501296 Listing URL

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Turnkey Restaurant Space in River North

Located in the heart of River North, this turnkey restaurant space offers approximately 4,300 square feet, including a 2,797 square foot built-out dining and kitchen area. The space features 15-foot ceilings, exposed brick, and street-level visibility. It is situated on the ground floor of a boutique loft building. The property is ideal for various retail uses or continuing as a dining establishment. The space includes a full commercial kitchen with a 22-foot ventilation hood, cook line, walk-in cooler, prep station, and dishwashing area. All kitchen equipment, including ranges, ovens, fryers, sinks, and refrigeration units, is ready for use. The dining room is furnished with tables, chairs, a host stand, and bar equipment. All smallwares, such as plates, bowls, silverware, glassware, cooking tools, and serving utensils, are included. The property also features two ADA-compliant restrooms, central air conditioning, wood flooring, and loft-style architectural details. Outdoor patio seating is permitted. The location is steps from LaSalle & Ontario, surrounded by established restaurants, nightlife, galleries, and high-end residences, with heavy foot traffic and easy access to CTA, expressways, and downtown. The zoning is B3, suitable for a restaurant, retail, lounge, or cafe. It is perfect for restaurateurs, established operators, franchisees, or investors seeking a plug-and-play restaurant property.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Kaleidoscope Group Business Management Consultant Hutch American Cafe ... Coffee Store Boca Loca Cantina ... Mexican Restaurant KaleidoServe Youth Organization

Suggested Use

Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

One Eleven Events, 1st & Fresh Catering, Just Like Home Catering, Luke's Lobster City Hall, Exquisite Soulz LLC

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6394214
Latitude
41.8933514

FAQs

What type of property is this?
Restaurant - Fully equipped restaurant space in the heart of River North.
Where is this restaurant located?
The property is located at 416 W Ontario St Chicago, IL.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: - Turnkey Restaurant Space: Fully built-out and equipped, ready for immediate operation.; - Prime River North Location: Situated in a high-traffic area surrounded by restaurants, nightlife, and residences.; - Fully Equipped Commercial Kitchen: Includes a 22' ventilation hood, cook line, and walk-in cooler.
More about this property
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