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Bi-Level Restaurant with Speakeasy Lounge
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2700 W Chicago Ave, Chicago, IL 60622

Bi-level, fully fixtured second-generation restaurant space with a built speakeasy/lounge and outdoor seating.

Property Size1,460 SF
Days on Market200

Property Features for 2700 W Chicago Ave

General Information

Standard status Active
Size 1,460 SF
Property subtype RETAIL

Additional Details

Space Use Restaurant
Patio Yes
Listing Agency: Canvas Real Estate
Listed By: Michael Wallace · License #475211525
Source: Moodyscre
Added: Jan 14 Changed: Jul 30 Last Checked: Aug 1 at 8:22AM

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 Canvas Real Estate

Investment Insights

Based on property information with market context.

Bi-level, fully fixtured second-generation restaurant space designed for hospitality use. The layout includes a built speakeasy/lounge plus outdoor seating, offering multiple guest experiences within one space.

The property is positioned on a prominent hard-corner location at Chicago & Washtenaw in the heart of Ukrainian Village/W​est Town corridor, surrounded by neighborhood dining and independent retailers. This placement supports strong visibility and provides signage opportunities for a new or relocating operator.

With its established restaurant improvements and flexible second level concept space, the property is well suited for restaurant operators seeking an activated dining environment featuring both indoor lounge elements and outdoor seating.

Key Highlights

  • 1460 SF bi‑level second‑generation restaurant space
  • Fully fixtured interior with built speakeasy/lounge
  • Outdoor seating included

Property Analytics

Current Use

Heritage Restaurant & Caviar ... Restaurant

Suggested Use

Top Pick Nursing Home Accounting Firm (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Bed & Breakfast

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

Location Intelligence

Trade Area within ½ mile

2,405
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 61% Shops & Services 39%
Burger King Dining
17,373 visits/mo 0.5 miles
Dunkin' Donuts Dining
7,148 visits/mo 0.4 miles
Shell Shops & Services
6,179 visits/mo 0.5 miles
Fifth Third Bank & ATM Shops & Services
4,649 visits/mo 0.4 miles
BP Shops & Services
3,743 visits/mo 0.5 miles

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$35.06 /SF/Yr
Avg Asking Price
$19.5–$55 /SF/Yr
Price Range
2,881 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Bi-level, fully fixtured second-generation restaurant space with a built speakeasy/lounge and outdoor seating.
Where is this conventional restaurant located?
The property is located at 2700 W Chicago Ave Chicago, IL.
What are key features of this property?
This property features: 1460 SF bi‑level second‑generation restaurant space; Fully fixtured interior with built speakeasy/lounge; Outdoor seating included
(614) 537-2403 Call to check price and availability
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