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    2500 N Ashland Ave Chicago, IL 60622

    For Lease
    $6,800 /Mo ($40 SF/Yr)

    Turnkey restaurant space in Chicago's iconic Lincoln Park neighborhood.

    Property size:
    2,000 SF
    Lot size:
    0.05 Acres

    Property Features for 2500 N Ashland Ave

    General Information

    Size
    2,000 SF
    Lot size
    0.05 Acres

    Source: Coordinate Properties Agent Amanda Stamelos, Esq.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lincoln Park Restaurant Opportunity

    This restaurant opportunity is situated in the upscale Lincoln Park neighborhood of Chicago. Located on the corner of Ashland and Altgeld, the property at 2500 N Ashland Ave offers brand exposure to over 40,000 passing vehicles daily. The Lincoln Park neighborhood is home to a population with the highest median income in Chicago. The 2,000-square-foot space is turnkey, requiring no significant buildout, and is eligible for a liquor license and sidewalk café. It is equipped with a 10-foot black iron hood and an extra-large walk-in cooler in the basement below the bar area, suitable for storing kegs for beer taps. This is an irreplaceable space in the heart of one of Chicago’s most iconic neighborhoods.
    Insight Report Location Intelligence

    Current Use by Public Records

    LOKaL American Restaurant Battaglia Distributing Corp., ... Distribution Service Players Club Bar

    Suggested Use

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

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

    Similar Places Nearby

    Hinton Cannery, Inc., Third Coast Chef

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6688396
    Latitude
    41.84706

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant space in Chicago's iconic Lincoln Park neighborhood.
    Where is this restaurant located?
    The property is located at 2500 N Ashland Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey restaurant space in Lincoln Park, requiring no significant buildout.; - High-traffic location at Ashland & Altgeld with over 40,000 passing vehicles daily, providing unbeatable brand exposure.; - Located in Lincoln Park, a high-income neighborhood in Chicago.
    (847) 409-4900
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    2500 N Ashland Ave Chicago, IL 60622
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    Chicago, IL 60622
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2500 N Ashland Ave Chicago, IL 60622
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