Building Details

Building Size 4,000 SF

Year Built 2005

Spaces For Lease

at 1450 West Webster Avenue Contact us

Restaurant Space $39/SF/Yr

Size

2,100 SF

Type

Restaurant

Term

60 months

Contact us

Listing Agency: SVN | Chicago Commercial m***@svn.com Show Phone

Listed By: Marcus Sullivan · License #475139568 Show Phone

Source: Svn

Added: Jun 4 Changed: Aug 23 Last Checked: Aug 23 at 6:36AM

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Investment Insights

Based on property information with market context.

This fully improved, turnkey ground-floor restaurant space is set up for day-to-day service with an existing buildout that includes a small bar and a full commercial kitchen. An improved basement supports back-of-house needs with space for storage, refrigeration, prep, and dishwashing operations.

The property provides approximately 39 feet of frontage along West Webster Avenue, offering strong street visibility for customers. The surrounding area includes Webster Place, a new Advocate Outpatient Center, and nearby DePaul University, with access supported by nearby major thoroughfares and public transportation.

The space is well suited for operators seeking an in-place restaurant configuration with both front-of-house and production/support areas already developed.

Key Highlights

• Ground‑floor restaurant suite with existing buildout, including a small bar, full commercial kitchen, and an improved basement
• Fully improved basement for storage, refrigeration, prep, and dishwashing operations
• Approximately 39 ft of frontage along West Webster Avenue

Property Analytics

Current Use

Anor 1985 Restaurant Restaurant

Suggested Use

Top Pick Accounting Firm (Bike/Boat/Book/etc) Store Mobile Phone Store Garden Center Nursing Home Florist

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

Lease Details

NNN (Triple Net)

Lease Type

$5.85 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

3,029

Businesses Nearby

495k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 24% Apparel 24% Dining 20% Groceries 9%

Kohl's Apparel

73,373 visits/mo 0.3 miles

Mariano's Groceries

43,130 visits/mo 0.2 miles

Best Buy Electronics

35,454 visits/mo 0.3 miles

McDonald's Dining

31,775 visits/mo 0.4 miles

Old Navy Apparel

28,992 visits/mo 0.5 miles

Demographics for 60614, IL

73,173

Population

38,089

Households

1.9

Avg Household Size

31

Median Age

86%

College-Educated

98%

High-School Grad

3.2 sq mi

ZIP Area

22,867

Density / Sq Mi

$139,561

Median Household Income

$86,386

Median Earnings

$2,019

Median Rent

$730,700

Median Home Value

Market

Lease Benchmarks for Chicago, IL

$28.81 /SF/Yr

Avg Asking Price

$18–$55 /SF/Yr

Price Range

3,820 SF

Avg Space Size

This space is priced 35% above the average of $28.81 /SF/Yr.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Ground-floor restaurant suite includes a small bar, full commercial kitchen, and an improved basement for storage and operations.

Where is this conventional restaurant located?

The property is located at 1450 West Webster Avenue Chicago, IL.

What is the lease rate?

The lease rate is $39 SF/Yr.

What are key features of this property?

This property features: Ground‑floor restaurant suite with existing buildout, including a small bar, full commercial kitchen, and an improved basement; Fully improved basement for storage, refrigeration, prep, and dishwashing operations; Approximately 39 ft of frontage along West Webster Avenue