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Restaurant Space with Two Hoods

2408 N Lincoln, Chicago, IL 60614

For Lease
$65 SF/Yr

Second-generation restaurant space includes black iron and existing hood infrastructure for a fast-casual operation.

Space Size1,000 SF
Property Size4,942 SF
Days on Market60

Property Features for 2408 N Lincoln

General Information

Standard status Active
Size 1,000 SF
Net Rentable 1,000 SF
Property subtype Retail
Lease Term NN

Space & Availability

Available Space 1,000 SF
Contiguous Space 1,000 SF
Space Use Restaurant

Site & Location

Neighborhood Near South Side
Anchor Co-Tenants Chipotle

Restaurant

Commercial Hood Yes
Equipment Included Yes

Building Details

Building Size 4,942 SF

Spaces For Lease

at 2408 N Lincoln
2408 N Lincoln Avenue $65/SF/Yr
Size 1,000 SF
Type Restaurant
Term 60 months
Contact us
Listing Agency: SVN | Chicago - Corporate
Listed By: Tim Rasmussen, CCIM
Source: Svnchicago
Added: Sep 12 Changed: Nov 8 Last Checked: Nov 10 at 7:29AM

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 - Corporate

Rey
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Investment Insights

Based on property information with market context.

This 1,000 SF restaurant space is configured for a fast-casual operation and was previously used as a Mexican restaurant. Existing improvements include black iron and two hoods, providing established kitchen infrastructure for a new restaurant concept.

The property is located at 2408 N. Lincoln in Chicago’s Lincoln Park area, near DePaul University. Chipotle locations bookend the space, the Fullerton Red Line station is one block away, and The Lincoln Commons development is directly across the street.

Key Highlights

  • 1,000 SF restaurant space in Chicago’s Lincoln Park area
  • Existing black iron and two hoods
  • Previously operated as a fast‑casual Mexican restaurant

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Skin Care Clinic Computer & Electronic Repair (Bike/Boat/Book/etc) Store

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

Yes
Commercial hood
NNN (Triple Net)
Lease Type
$9.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

535
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Citgo Shops & Services
5,385 visits/mo 0.4 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

$35.88 /SF/Yr
Avg Asking Price
$18–$87.5 /SF/Yr
Price Range
4,547 SF
Avg Space Size

This space is priced 81% above the average of $35.88 /SF/Yr.

Average Price Trend$/SF/Yr for Conventional restaurants in Chicago, IL

$31.74 Jul
$30.01 Aug
$39.1 Sep
$36.07 Oct

Properties on Market for Conventional restaurants in Chicago

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Second-generation restaurant space includes black iron and existing hood infrastructure for a fast-casual operation.
Where is this conventional restaurant located?
The property is located at 2408 N Lincoln Chicago, IL.
What is the lease rate?
The lease rate is $65 SF/Yr.
What are key features of this property?
This property features: 1,000 SF restaurant space in Chicago’s Lincoln Park area; Existing black iron and two hoods; Previously operated as a fast‑casual Mexican restaurant
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