West Town Restaurant/Retail
For Lease
Contact for pricing
1540 W N Ave, Chicago, IL
2,813 SF street-level restaurant/retail space for lease in West Town.
Space Size2,813 SF
Lot Size0.07 Acres
Days on Market442
Property Features for 1540 W N Ave
General Information
Standard status
Active
Size
2,813 SF
Lot size
0.07 Acres
Property subtype
RETAIL
Lease Type
Modified Gross
Spaces For Lease
at 1540 W N Ave
1540 W North Ave
$25/SF/Yr
Floor
1
Size
2,813 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
– 2,813 Sq Ft street level storefront restaurant / retail space for lease in West Town
– Great location for a lunch/brunch spot restaurant or gastropub
– 12-foot hood and all FF&E that is in the space will be included
– Second-generation restaurant space includes black iron
– Retractable door facing North Avenue for fresh air
– High-visibility location with a traffic count of over 22,000 vehicles per day
– Located just west of the Kennedy expressway, next door to the Mercedes and Audi dealerships and near the 99-room Hyatt Place Hotel
Contact us
Listing Agency:
Miller Chicago
(312) 988-0669
Listed By:
Andrea Miller · License #471016960
(312) 513-8333
Source:
Moodyscre
Added: Jul 28, 2025
Changed: Sep 12
Last Checked: Oct 11 at 7:34AM
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 Miller Chicago
Investment Insights
Based on property information with market context.
This 2,813 square foot street-level storefront is available for lease in West Town. The space is suitable for restaurant or retail use, with potential as a lunch or brunch spot restaurant or gastropub. The property features a 12-foot hood, and all existing furniture, fixtures, and equipment (FF&E) are included. As a second-generation restaurant space, it includes black iron. A retractable door faces North Avenue, allowing for fresh air. The location offers high visibility with a traffic count exceeding 22,000 vehicles per day. Situated just west of the Kennedy Expressway, the property is located next to the Mercedes and Audi dealerships and near the 99-room Hyatt Place Hotel.
Key Highlights
- High‑visibility location with over 22,000 vehicles per day.
- Includes 12‑foot hood and all existing FF&E.
- Second‑generation restaurant space with black iron.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,238
Businesses Nearby
81k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Apparel 24%
Dining 18%
REI
Apparel
19,531 visits/mo
0.4 miles
Mobil
Shops & Services
15,111 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,619 visits/mo
0.3 miles
Exxon
Shops & Services
10,032 visits/mo
0.3 miles
PetSmart
Shops & Services
9,609 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Chicago, IL
$32.67 /SF/Yr
Avg Asking Price
$16–$88 /SF/Yr
Price Range
14,390 SF
Avg Space Size
This space is priced 23% below the average of $32.67 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Similar Off Market Nearby
- Zullo's Corporate Catering — 1103 w grand ave, chicago, il 60642
- Elite Personal Chefs — 859 W Erie St UNIT 806, Chicago, IL 60642
- Jordan's Food of Distinction — 1551 W Thomas St, Chicago, IL 60622
- CMM Catering — Chicago, IL 60642
- Bumbu Roux — 833 W Haines St, Chicago, IL 60642
Frequently Asked Questions
What type of property is this?
Restaurant - 2,813 SF street-level restaurant/retail space for lease in West Town.
Where is this restaurant located?
The property is located at 1540 W N Ave Chicago, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: High‑visibility location with over 22,000 vehicles per day.; Includes 12‑foot hood and all existing FF&E.; Second‑generation restaurant space with black iron.
