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Restaurant Space with Full Bar
New
For Lease
$22 SF/Yr

2039 W North Avenue, Chicago, IL 60647

Former restaurant facility with commercial kitchen infrastructure, prep space, and a private dining room.

Space Size5,700 SF
Days on Market4

Property Features for 2039 W North Avenue

General Information

Standard status Active
Size 5,700 SF
Net Rentable 5,700 SF
Property subtype Commercial

Space & Availability

Available Space 5,700 SF
Contiguous Space 5,700 SF
Space Use Restaurant
Available From Immediate

Taxes and HOA fees

Annual Taxes $77,990

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1920
Listing Agency: SPERRY VAN NESS
Listed By: MARCUS SULLIVAN · License #475139568
Source: Corcoran
Added: Aug 10 Changed: Aug 13 Last Checked: Aug 13 at 1:58AM

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 SPERRY VAN NESS

Investment Insights

Based on property information with market context.

Offered for lease, this 5,700-square-foot restaurant facility occupies a building constructed in 1920. The space includes a full bar, a large kitchen with dedicated preparation areas, and a separate private room. It was previously operated as a full-service restaurant and is positioned for immediate occupancy.

Located at 2039 W North Avenue in Chicago’s Wicker Park neighborhood, the property carries zoning that supports a range of hospitality concepts. No known liquor moratoriums are associated with the site.

Key Highlights

  • 5,700‑square‑foot restaurant facility in a 1920 building
  • Full bar and sizable kitchen with dedicated prep space
  • Separate private room for dining or events

Property Analytics

Current Use

Vajra Restaurant

Suggested Use

Top Pick Nursing Home Accounting Firm Butcher (Bike/Boat/Book/etc) Store Clothing & Fashion Store Fish Market

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
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,806
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
O'Reilly Auto Parts Shops & Services
3,602 visits/mo 0.4 miles
U-Haul Shops & Services
848 visits/mo 0.5 miles

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$31.5 /SF/Yr
Avg Asking Price
$18–$58 /SF/Yr
Price Range
5,069 SF
Avg Space Size

This space is priced 30% below the average of $31.5 /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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Former restaurant facility with commercial kitchen infrastructure, prep space, and a private dining room.
Where is this conventional restaurant located?
The property is located at 2039 W North Avenue Chicago, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 5,700‑square‑foot restaurant facility in a 1920 building; Full bar and sizable kitchen with dedicated prep space; Separate private room for dining or events
More about this property
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