Chicago, IL Conventional Restaurants for Sale

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Updated: Nov 15, 2025

Portage Park Restaurant with Parking

3353 North Central Avenue, Chicago, IL 60634

$788,000

3,500 sqft · 0.35 AC lot

Turnkey Restaurant: Includes real estate, FF&E, and infrastructure for immediate operation.
Ample Parking: Dedicated parking for 40 vehicles, a rare and valuable amenity.
High‑Visibility Corner Location: Situated on a hard corner with high traffic counts and a large pylon sign.
Large Lot Size: 15,246 SF lot provides flexibility.
Fully Equipped Kitchen: Commercial‑grade kitchen with extensive line equipment, walk‑in freezer, and ample storage.

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This listing looks promising.

Here's a quick look at some key insights for

3353 North Central Avenue, Chicago, IL 60634

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Est. Cap Rate

7.9%
Above avg (5.9%)
Est. NOI

$62K
Annual
Mortgage

$500K
Nov 2007
Last Sold

Nov 1999
$500K
Property Type

Retail Stores
Built 1977

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Updated: Apr 14

Turnkey Restaurant Venue with PPA License

7455 W Irving Park Road, Chicago, IL 60634

$949,000

4,055 sqft · 0.14 AC lot

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.

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Turnkey Restaurant Opportunity in Chicago

420 W Belmont Avenue, Chicago, IL 60657

$649,000

2,176 sqft · 0.42 AC lot

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

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Turnkey Banquet Hall Restaurant

5319 W Belmont Avenue, Chicago, IL 60641

$999,000

0.14 AC lot

Renovated banquet hall/restaurant with updated systems, commercial kitchen, and on-site parking for private events.

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Corner Development Site in Chicago

7455 W Irving Park Road, Chicago, IL 60634

$949,000

4,055 sqft · 0.16 AC lot

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

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Turnkey Restaurant with Outdoor Seating

6045 N Cicero Avenue, Chicago, IL 60646

$147,000

0.16 AC lot

Freestanding, fully built-out restaurant with kitchen equipment and outdoor seating on a high-traffic corner.

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Mixed-Use Investment Opportunity, Chicago

163 W Division Street, Chicago, IL 60610

$3,275,000

1,560 sqft · 0.34 AC lot

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

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Turnkey Restaurant Venue with PPA

7455 W Irving Park Road, Chicago, IL 60634

$949,000

4,055 sqft · 0.14 AC lot

Fully renovated restaurant with licenses and uncommitted VGT potential.

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Turnkey Freestanding Restaurant

6045 N Cicero Avenue, Chicago, IL 60646

$147,000

0.16 AC lot

Fully built-out restaurant with newer kitchen equipment, walk-in refrigeration, and outside seating on a high-traffic corner.

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Corner Restaurant Business For Sale

6214 N Western Avenue, Chicago, IL 60659

$129,000

2,500 sqft

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

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Corner Mixed-Use Building with Restaurant

2506 N Clybourn Avenue, Chicago, IL 60614

$1,475,000

0.23 AC lot

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

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Turnkey Restaurant Space with Patio

416 W Ontario Street, Chicago, IL 60654

$848,888

0.11 AC lot

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

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Mixed-Use Property in Belmont Cragin

5037 W Diversey Avenue, Chicago, IL 60639

$529,900

4,200 sqft · 0.07 AC lot

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

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Renovated Retail and Restaurant Space

5017 S Ashland Avenue, Chicago, IL 60609

$115,000

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

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Turn-Key Restaurant With Equipment Included

10606 S Torrence Avenue, Chicago, IL 60617

$135,000

0.07 AC lot

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

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Multi-Section Restaurant Property

2723-2729 W Howard Avenue, Chicago, IL 60645

$1,199,000

0.41 AC lot

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

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Mixed-Use Building with Gated Courtyard

6617 S Ashland Avenue, Chicago, IL 60636

$425,000

0.26 AC lot

Two-story mixed-use building with ten residential units and four commercial spaces, currently in approved rehab with roof and framing completed.

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Two-Story Mixed-Use Investment Property

5037-39 W Diversey Avenue, Chicago, IL 60639

$869,900

0.14 AC lot

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

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Brick Mixed-Use Building with Restaurant

3248 N LINCOLN Avenue, Chicago, IL 60657

$650,000

0.04 AC lot

Ground-floor restaurant with an apartment above, featuring a lease through October 2027 and month-to-month residential tenancy.

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Riverdale Mixed-Use Investment Opportunity

201 W 144th Street, Riverdale, IL 60827

$350,000

0.17 AC lot

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

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Mixed-Use Restaurant and Apartments

5039 W Diversey Avenue, Chicago, IL 60639

$469,900

0.07 AC lot

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

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Mixed-Use Retail and Apartment Building

2104 S California Avenue, Chicago, IL 60608

$300,000

0.07 AC lot

Main-level commercial space with separate apartment and two multi-use upper rooms, plus basement storage.

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Corner Development Site with Restaurant

7455 W Irving Park Road, Chicago, IL 60634

$949,000

6,250 sqft · 0.16 AC lot

Signalized corner site with a renovated freestanding restaurant and side parking, offering flexible neighborhood commercial use.

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Restaurant Space with Full Equipment

1706 W Foster Avenue, Chicago, IL 60659

Contact for pricing

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

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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 183,793 square feet of properties for sale, with an estimated market value of $43,304,225.

Sale prices for conventional restaurants in Chicago, IL start at $125,000, averaging $1,237,263, and reaching up to $4,200,000 — 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	$1M

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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