Lower-Level Restaurant and
1118 West Washington Boulevard, Chicago, IL 60607
For Sale
Contact for pricing
Kitchen infrastructure includes a Type II exhaust hood and a walk-in cooler.
Property Size1,885 SF
Price / SF$79.58
Days on Market27
Property Features for 1118 West Washington Boulevard
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Furnished
Financials
Asking Price
Business Included
Site & Location
Neighborhood
Restaurant
Seating Capacity
Hood Type
Commercial Hood
Equipment Included
Liquor License
Additional Details
Tenant in Place
Listing Agency:
Kain Real Estate
Listed By:
Allan Perales · License #478.027563
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 4:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kain Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,885-square-foot restaurant and cocktail bar occupies a lower-level space in Chicago’s West Loop. The existing buildout includes furniture, fixtures, equipment, improvements, and intellectual property, along with a Type II kitchen exhaust hood and walk-in cooler. Capacity is 93 guests. Licenses may transfer subject to applicable approvals.
At 1118 West Washington Boulevard, the space is near restaurants, neighborhood retail, hospitality destinations, and residential areas. The offering is structured as a business asset sale with assignment of the existing lease, subject to landlord approval.
At 1118 West Washington Boulevard, the space is near restaurants, neighborhood retail, hospitality destinations, and residential areas. The offering is structured as a business asset sale with assignment of the existing lease, subject to landlord approval.
Key Highlights
- 1,885‑square‑foot lower‑level restaurant and cocktail bar
- Occupancy capacity of 93 guests
- Includes furniture, fixtures, equipment, improvements, and intellectual property
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
7,187
Businesses Nearby
351k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 32%
Groceries 14%
Shops & Services 6%
Target
Superstores
112,849 visits/mo
0.4 miles
Whole Foods Market
Groceries
48,567 visits/mo
0.5 miles
Punch Bowl Social
Dining
48,113 visits/mo
0.4 miles
McDonald's
Dining
38,968 visits/mo
0.4 miles
Shake Shack
Dining
14,493 visits/mo
0.2 miles
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Chicago, IL
Properties on Market for Conventional restaurants in Chicago
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Kitchen infrastructure includes a Type II exhaust hood and a walk-in cooler.
Where is this conventional restaurant located?
The property is located at 1118 West Washington Boulevard Chicago, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,885‑square‑foot lower‑level restaurant and cocktail bar; Occupancy capacity of 93 guests; Includes furniture, fixtures, equipment, improvements, and intellectual property
