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Single-Story Restaurant with Basement
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1401 W Devon Avenue, Chicago, IL 60660

Renovated single-story restaurant includes three interconnected dining rooms, a functional basement, and on-site parking for 16.

Property SizeContact for details
Days on Market127

Property Features for 1401 W Devon Avenue

General Information

Standard status Active
Property subtype Retail, Land
Listing Agency: SVN | Chicago Commercial
Listed By: Tim Rasmussen · License #IL 471001877
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 1:59PM

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

The offering includes a renovated, single-story restaurant building with a fully functional basement and rooftop garden. The interior is organized into three separate but interconnected rooms: a lounge/barroom area with seating for 30, a dining room with seating for 52, and a live music room with seating for 72. The music room includes sound systems and sound attenuation panels, and it can be closed off from the dining room or opened for larger group events. The property also features five separate men’s and women’s washrooms, including a handicap-compliant washroom located adjacent to the host station/waiting area.

The kitchen is built for high-volume service and includes a 24’ stainless steel hood with a fire suppression system and conditioned make-up air. Cooking equipment includes items such as a free-standing convection oven, double deck pizza oven, 10-burner stove with double oven and broiler, flat top grill, fryer, and grills, along with multiple refrigeration and prep stations. The basement was fully excavated during renovation and is configured with health department certified prep areas, walk-in coolers, dry storage, offices, and a “green room,” with washable FRP walls, seamless epoxy floors, and washable lay-in tile ceilings.

The site is zoned B3-2 and includes the restaurant building plus additional surrounding land. A 33’ x 125’ vacant lot/surface parking lot fronts Glenwood Avenue. The license set includes Consumption on Premises – Incidental liquor, Public Place of Amusement, Retail Food, and Outdoor Patio. The property is located in Chicago’s Edgewater neighborhood along the revitalized Devon Avenue business district, adjacent to Loyola University and within walking distance of the CTA Loyola Red Line Station.

Key Highlights

  • 3,950 SF single‑story restaurant with a fully functional basement and rooftop garden on a 12,425 SF site
  • Completely renovated in 2008 and zoned B3‑2; includes active licenses for Consumption on Premises, Public Place of Amusement, Retail Food, and Outdoor Patio
  • Three interconnected dining rooms: lounge/bar (30 seats), dining room (52 seats), and live music room (72 seats) with flexible fixed banquette + table layouts

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm HVAC Service Auto Parts Store Locksmith (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,510
Businesses Nearby
162k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 63% Shops & Services 34% Electronics 1% Apparel 1%
McDonald's Dining
22,810 visits/mo 0.5 miles
McDonald's Dining
17,391 visits/mo 0.4 miles
Dunkin' Donuts Dining
12,163 visits/mo 0.5 miles
Starbucks Dining
11,282 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
8,077 visits/mo 0.4 miles

Demographics for 60660, IL

42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Renovated single-story restaurant includes three interconnected dining rooms, a functional basement, and on-site parking for 16.
Where is this conventional restaurant located?
The property is located at 1401 W Devon Avenue Chicago, IL.
What are key features of this property?
This property features: 3,950 SF single‑story restaurant with a fully functional basement and rooftop garden on a 12,425 SF site; Completely renovated in 2008 and zoned B3‑2; includes active licenses for Consumption on Premises, Public Place of Amusement, Retail Food, and Outdoor Patio; Three interconnected dining rooms: lounge/bar (30 seats), dining room (52 seats), and live music room (72 seats) with flexible fixed banquette + table layouts
(312) 756-7357 Call to check price and availability
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