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416 W Ontario St, Unit C-1 Chicago, IL 60654

View on Map
Sponsored
For Lease
$774,888

COMMERCIAL - Chicago, IL

Type:Retail
Property size:
4,300 SF
Days on Market:
1
Last Refresh:
Mar 22 at 8:06 pm

Property Features for 416 W Ontario St

General Information

Property type
Commercial Lease
Property subtype
Retail
Standard status
Active
Size
4,300 SF

Utilities

Cooling system
Central Air

Building Details

Year built
2003
Floors in Building
1

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Listing Contact
Larry Lazar
Larry Lazar

Charles Rutenberg Realty

Listing agent Larry Lazar

Listing date Mar 22, 2026

MLS# 12501296

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.

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Property Insight Report

Overview

Turnkey Restaurant Space in River North

This approximately 4,300-square-foot turnkey restaurant space is available for lease or sale in the heart of River North. The space, formerly a restaurant, is located on the ground floor of a boutique loft building and features 15-foot ceilings, exposed brick, and street-level visibility. The built-out area covers approximately 2,797 square feet and includes a fully finished dining and kitchen area. The property is in immaculate, turn-key condition, with much of the furniture, fixtures, and equipment already in place. It is equipped with a full commercial kitchen including a 22-foot ventilation hood, cook line, walk-in cooler, prep station, and dishwashing area, as well as ranges, ovens, fryers, sinks, and refrigeration units. The dining room furnishings include tables, chairs, a host stand, and bar equipment, along with 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. The property is located in bustling River North, steps from LaSalle & Ontario, surrounded by established restaurants, nightlife, galleries, and high-end residences, with heavy foot traffic and a strong daytime office and evening dining population. Zoning is B3, making it ideal for a restaurant, retail, lounge, or cafe. It is suitable for restaurateurs ready to launch a new concept, established operators expanding to a second or third location, franchisees looking for a downtown Chicago footprint, 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 ... 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

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 for lease or sale in Chicago.
Where is this restaurant located?
The property is located at 416 W Ontario St, Unit C-1 Chicago, IL.
What is the lease rate?
The lease rate is $774,888.
What are key features of this property?
This property features: - Turnkey Restaurant Space: Fully equipped with a commercial kitchen, dining room furnishings, and smallwares.; - Prime River North Location: Situated in a high-traffic area surrounded by restaurants, nightlife, and residences.; - Fully Built-Out: Features a finished dining and kitchen area.
More about this property
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