For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Restaurant Space in River North Title is generated by Realmo AI

    416 W Ontario Street, Chicago, IL 60654

    View on Map
    Claim this Listing
    For Sale
    $664,888

    COMMERCIAL - Chicago, IL

    Type:Retail
    Property size:
    4,300 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $154/SF
    Added:
    Jan 4, 2026
    Days on Market:
    138
    Last Refresh:
    May 22 at 2:06 am

    Property Features for 416 W Ontario Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    17091270361235
    Size
    4,300 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    35299

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Floors in Building
    1

    We can help!

    Listing Contact
    Larry Lazar
    Larry Lazar

    Listing agent Larry Lazar License #475189346

    Listing office Charles Rutenberg Realty of IL 3135 Book Road, Naperville, IL

    Listing date Jan 4, 2026

    MLS# 12540273

    Copyright © 2026 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.

    HighLights

    • Turnkey Restaurant Space: Fully equipped and ready for immediate operation.
    • Prime River North Location: Situated in a high‑traffic area.
    • Fully Built‑Out: Includes a 2,797 SF finished dining and kitchen area.
    • Outdoor Seating: Features a delightful area for alfresco dining.
    • Versatile Zoning (B3): Ideal for restaurant, retail, lounge, or cafe use.
    • Spacious Interior: Offers approximately 4,300 SF of space with 15‑foot ceilings and exposed brick.

    Overview

    Located in the heart of Chicago's 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 property features 15-foot ceilings, exposed brick, and excellent street-level visibility. The space is equipped with a full commercial kitchen, including a 22-foot ventilation hood, cook line, walk-in cooler, prep station, and dishwashing area. All kitchen equipment, such as ranges, ovens, fryers, sinks, and refrigeration units, is included, along with dining room furnishings like tables, chairs, a host stand, and bar equipment. The property also comes with smallwares, including plates, bowls, silverware, glassware, cooking tools, and serving utensils. The thoughtfully designed layout includes two ADA-compliant restrooms and an outdoor seating area suitable for alfresco dining. Additional features include central air conditioning, wood flooring, and loft-style architectural details. The B3 zoning is ideal for a restaurant, retail, lounge, or cafe. Situated steps from LaSalle & Ontario, the property benefits from heavy foot traffic and a strong daytime office and evening dining population, with easy access to CTA, expressways, and downtown. This space is suitable for restaurateurs, established operators, franchisees, and 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 ... Specialty Food Shop Boca Loca Cantina ... Restaurant KaleidoServe Child Welfare Organization

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center Pharmacy

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

    Similar Places Nearby

    • Market Creations 101 N Wacker Dr, Chicago, IL 60606

    Location Insight

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

    FAQs

    What type of property is this?
    Conventional restaurant - Fully equipped restaurant space in a prime River North location.
    Where is this conventional restaurant located?
    The property is located at 416 W Ontario Street Chicago, IL.
    What is the asking price?
    The asking price for this property is $664,888.
    What are key features of this property?
    This property features: Turnkey Restaurant Space: Fully equipped and ready for immediate operation.; Prime River North Location: Situated in a high‑traffic area.; Fully Built‑Out: Includes a 2,797 SF finished dining and kitchen area.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message