Lincoln Park Restaurant
For Lease
$38 SF/Yr
2500 N Ashland Ave, Chicago, IL 60614
Turnkey restaurant space in Chicago's iconic Lincoln Park neighborhood.
Space SizeContact for details
Days on Market314
Property Features for 2500 N Ashland Ave
General Information
Standard status
Active
Building Details
Year Built
1909
Listing Agency:
Coordinate Properties LLC
Listed By:
Amanda Stamelos · License #471019385
(847) 409-4900
Source:
Realtopiare
Added: Nov 25, 2025
Changed: Sep 11
Last Checked: Oct 4 at 2:51PM
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 Coordinate Properties LLC
Investment Insights
Based on property information with market context.
This restaurant opportunity is situated in the upscale Lincoln Park neighborhood of Chicago. Located on the corner of Ashland and Altgeld, the property at 2500 N Ashland Ave offers brand exposure to over 40,000 passing vehicles daily. The Lincoln Park neighborhood is home to a population with the highest median income in Chicago. The 2,000-square-foot space is turnkey, requiring no significant buildout, and is eligible for a liquor license and sidewalk café. It is equipped with a 10-foot black iron hood and an extra-large walk-in cooler in the basement below the bar area, suitable for storing kegs for beer taps. This is an irreplaceable space in the heart of one of Chicago’s most iconic neighborhoods.
Key Highlights
- Turnkey restaurant space in Lincoln Park, requiring no significant buildout.
- High‑traffic location at Ashland & Altgeld with over 40,000 passing vehicles daily, providing unbeatable brand exposure.
- Located in Lincoln Park, a high‑income neighborhood in Chicago.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
99k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Shops & Services 48%
Home Improvements & Furnishings 3%
Aldi
Groceries
48,342 visits/mo
0.3 miles
BP
Shops & Services
23,707 visits/mo
0.4 miles
BP
Shops & Services
14,380 visits/mo
0.5 miles
Shell
Shops & Services
9,568 visits/mo
0.4 miles
Grainger
Home Improvements & Furnishings
2,197 visits/mo
0.1 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
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Market
Lease Benchmarks for Chicago, IL
$33.67 /SF/Yr
Avg Asking Price
$16–$88 /SF/Yr
Price Range
14,214 SF
Avg Space Size
This space is priced 13% above the average of $33.67 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Restaurant - Turnkey restaurant space in Chicago's iconic Lincoln Park neighborhood.
Where is this restaurant located?
The property is located at 2500 N Ashland Ave Chicago, IL.
What is the lease rate?
The lease rate is $38 SF/Yr.
What are key features of this property?
This property features: Turnkey restaurant space in Lincoln Park, requiring no significant buildout.; High‑traffic location at Ashland & Altgeld with over 40,000 passing vehicles daily, providing unbeatable brand exposure.; Located in Lincoln Park, a high‑income neighborhood in Chicago.
