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Equipped Restaurant Space Available
For Lease
$28 SF/Yr

228 E Washington St, Oswego, IL 60543

Turnkey restaurant opportunity with equipped kitchen and functional bar.

Space Size1,677 SF
Days on Market282

Property Features for 228 E Washington St

General Information

Standard status Active
Size 1,677 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 1,677 SF
Year Built 1967

Spaces For Lease

at 228 E Washington St Contact us

Go-To Neighborhood Freestanding Turnkey Restaurant $28/SF/Yr

Size
1,677 SF
Term
Negotiable
Contact us
Listing Agency: Caton Commercial Real Estate Group
Listed By: Bhavini Patel · License #475184664
Source: Catoncommercial
Added: Nov 25, 2025 Changed: Sep 3 Last Checked: Aug 8 at 4:40AM

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 Caton Commercial Real Estate Group

Investment Insights

Based on property information with market context.

This property presents a turnkey opportunity for a new owner or operator. The 1,677 square-foot space includes a spacious commercial kitchen with large prep areas and a variety of existing appliances. The kitchen also features a hood and a brand new grease trap to be added, along with an upgraded electrical panel. A functional bar area is ready to serve customers, with fixtures already in place. The property is located on E Washington St, Oswego, IL and is suitable for restaurants, retail properties, and bars.

Key Highlights

  • Turnkey Opportunity: Ready for immediate operation.
  • Equipped Kitchen: Includes spacious prep areas, hood, and existing appliances.
  • Established Bar: Functional bar area with existing fixtures.

Property Analytics

Current Use

Danelli's Pizzeria & Italian ... Restaurant

Suggested Use

Top Pick Restaurant Auto Parts Store Law Firm Parking Lot & Garage Furniture & Home Goods Storage Facility

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
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

942
Businesses Nearby

Demographics for 60543, IL

40,299
Population
14,327
Households
2.8
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
41.9 sq mi
ZIP Area
962
Density / Sq Mi
$116,507
Median Household Income
$54,783
Median Earnings
$1,558
Median Rent
$319,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Turn key restaurant - Turnkey restaurant opportunity with equipped kitchen and functional bar.
Where is this turn key restaurant located?
The property is located at 228 E Washington St Oswego, IL.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Turnkey Opportunity: Ready for immediate operation.; Equipped Kitchen: Includes spacious prep areas, hood, and existing appliances.; Established Bar: Functional bar area with existing fixtures.
More about this property
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