Chicago, IL Conventional Restaurants for Sale

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Updated: Aug 14

Mixed-Use Property with Residential Units

4445-4447 N Broadway St, Chicago, IL 60640

$1,350,000

5,146 sqft 0.12 AC lot

Two adjacent mixed‑use buildings at 4445‑4447 N Broadway Street
4445 N Broadway includes approximately 3,846 sq. ft. on a 2,450 sq. ft. lot
Two residential units, each with 3 bedrooms; one has 1.5 bathrooms and the other 1 full bathroom
4447 N Broadway has a long‑term restaurant tenant and one parking space on a 2,575 sq. ft. lot
Separate furnaces, electric panels, and gas service serve the residential units

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4445-4447 N Broadway St, Chicago, IL 60640

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Est. Cap Rate

7.1%
Above avg (5.9%)
Est. NOI

$96K
Annual
Price @ 7% Cap

$1.37M
Above asking

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Updated: May 20

Ground-Floor Restaurant

420 W Belmont Avenue, Chicago, IL 60657

$649,000

0.42 AC lot

2,176 SF ground‑floor restaurant with seating for 80
Commercial kitchen, draft beer line system, décor, and operational infrastructure included
Located within a 42‑story high‑rise at 420 W Belmont Avenue
Two ADA‑compliant restrooms and one dedicated garage parking space
Recent 2020 buildout and recently renewed liquor license

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Renovated Restaurant and Banquet Hall

5319 W Belmont Avenue, Chicago, IL 60641

$999,000

0.14 AC lot

Flexible event venue with a high-capacity commercial kitchen and updated building systems.

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Brick Mixed-Use Building with Restaurant

3248 N LINCOLN Avenue, Chicago, IL 60657

$650,000

0.04 AC lot

Two-story property combines a leased restaurant space with a two-bedroom apartment and central air conditioning.

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Renovated Wedding Venue

5319 W Belmont Ave, Chicago, IL 60641

$999,000

5,300 sqft

Modernized event facility with commercial kitchen and upgraded building systems.

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Renovated Freestanding Restaurant

7455 W Irving Park Road, Chicago, IL 60634

$949,000

0.14 AC lot

Corner restaurant property with licensed event-use potential, a fully equipped kitchen, and an attached residential unit.

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Renovated Freestanding Restaurant

7455 W Irving Park Road, Chicago, IL 60634

$949,000

0.14 AC lot

Corner restaurant property with licensed event capabilities, a commercial kitchen, parking, and an additional residential unit.

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Mixed-Use Property with Commercial Kitchen

7455 W Irving Park Road, Chicago, IL 60634

$949,000

0.14 AC lot

Freestanding corner property combines a renovated restaurant, licensed event venue, and three-bedroom residential unit.

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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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Mixed-Use Property with Apartment

2104 S California Avenue, Chicago, IL 60608

$290,000

0.07 AC lot

Brick building combines a commercial area, rear one-bedroom apartment, upper rooms, and basement storage.

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34-Room Exterior-Corridor Motel

7621 S Cottage Grove Avenue, Chicago, IL 60619

$2,200,000

0.31 AC lot

Three-story lodging property includes a separate restaurant building and main-level parking.

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Retail Corner Site with Existing Building

2207-2214 W Ogden Avenue, Chicago, IL 60612

$2,495,000

5,000 sqft 0.38 AC lot

High-visibility hard-corner site with an existing 5,000 SF building and flexible PD-30 zoning.

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Turnkey Restaurant with Kitchen Equipment

10606 S Torrence Avenue, Chicago, IL 60617

$135,000

0.07 AC lot

Turnkey restaurant space with included kitchen equipment, formerly operating as a pizzeria at S Torrence Avenue.

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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 property with commercial kitchen equipment, ADA-compliant restrooms, and B3 zoning in River North.

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Live-Work Food Production Facility

2054 W Grand Avenue, Chicago, IL 60612

$3,249,000

9,363 sqft

2013 FDA-approved food production live/work building with street-level storefront restaurant, prep kitchens, and a 24' ceiling processing area.

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Mixed-Use Property with Adjacent Street-Level Businesses

4445-4447 N Broadway Street, Chicago, IL 60640

$1,350,000

0.12 AC lot

Brick mixed-use property zoned COMMR, offering street-level retail and two residential units plus an adjacent restaurant tenant.

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Brick Mixed-Use Property with Restaurant

2506 N Clybourn Avenue, Chicago, IL 60614

$1,475,000

0.23 AC lot

Vacant corner building combines a restaurant and bar with three residential units, private outdoor space, and detached garage parking.

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Restaurant Business with Bar

1347 W 47th St, Chicago, IL 60609

$750,000

2,400 sqft

Mexican restaurant business with a bar, liquor license, commercial kitchen, and furnishings included in the sale.

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Mexican Restaurant With Bar

1347 W 47th Street, Chicago, IL 60609

$750,000

0.17 AC lot

Business sale includes a 2024 buildout, furnishings, POS system, and liquor license.

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Corner Freestanding Restaurant Building

2640 E 75th St, Chicago, IL 60649

$449,000

1,100 sqft

Rebuilt restaurant property near the Metra South Shore station, Lake Michigan, beaches, and multiple golf courses.

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Renovated Mixed-Use Corner Property

7455 W Irving Park Road, Chicago, IL 60634

$949,000

Renovated mixed-use property combining a restaurant, bar, commercial kitchen, and three-bedroom residential unit.

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Mixed-Use Property with Restaurant

163 W Division Street, Chicago, IL 60610

$3,275,000

0.34 AC lot

Five furnished condominium residences accompany two street-level commercial condominium spaces and an operating sit-in and takeout restaurant.

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Turnkey Coffee Shop with FF&E

3135 N Broadway Street, Chicago, IL 60657

$140,000

22,619 sqft

Operating café with floor-to-ceiling windows, professional equipment, and a contemporary interior build-out.

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Restaurant Property with Walk-In Cooler

5926-28 S PULASKI Road, Chicago, IL 60629

$770,000

0.13 AC lot

Equipped restaurant property with a finished basement, food-production infrastructure, and on-site parking.

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Chicago, IL Conventional Restaurants Market Trends and Statistics

Explore 162 conventional restaurants for sale in Chicago, IL, showcased through 162 active listings on our real estate platform. These investment opportunities span a total of 445,986 square feet of properties for sale, with an estimated market value of $70,613,885.

Sale prices for conventional restaurants in Chicago, IL start at $69,000, averaging $1,008,769, and reaching up to $6,499,000 — 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
60628	$75K
60625	$99.9K
60646	$115.7K
60617	$135K
60620	$195K

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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