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    Turnkey Restaurant Space with Patio Title is generated by Realmo AI

    416 W Ontario Street, Chicago, IL 60654

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    For Sale
    $848,888

    COMMERCIAL - Chicago, IL

    Type:Retail
    Property size:
    4,300 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $197/SF
    Added:
    Jan 4, 2026
    Days on Market:
    163
    Last Refresh:
    Jun 16 at 9:06 pm

    Property Features for 416 W Ontario Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    17091270361235
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    35299

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Floors in Building
    1

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    Listing Contact
    Larry Lazar
    Larry Lazar

    Listing agent Larry Lazar License #475189346

    Listing office Charles Rutenberg Realty of IL 3135 Book Road, Naperville, IL

    Listing date Jan 4, 2026

    MLS# 12540273

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey Restaurant Space: Fully equipped and ready for immediate operation.
    • Prime River North Location: Situated in a high‑traffic area.
    • Fully Built‑Out: Includes a 2,797 SF finished dining and kitchen area.
    • Outdoor Seating: Features a delightful area for alfresco dining.
    • Versatile Zoning (B3): Ideal for restaurant, retail, lounge, or cafe use.
    • Spacious Interior: Offers approximately 4,300 SF of space with 15‑foot ceilings and exposed brick.

    Overview

    This turnkey ground-floor restaurant space is located in a boutique loft building and is configured for full-service dining and food preparation. The offering includes a commercial kitchen with a ventilation hood, cook line, walk-in cooler, prep station, and dishwashing area, along with kitchen equipment such as ranges, ovens, fryers, sinks, and refrigeration. The dining area is supported by included furnishings and bar equipment, plus smallwares. The space also provides two ADA-compliant restrooms and a patio seating area. Interior highlights include 15-foot ceilings, exposed brick, central air conditioning, and wood flooring, supporting a finished, operational-ready layout.

    The space is situated at 416 W Ontario Street, Unit C 1 in Chicago’s River North area, with street-level visibility. The property is positioned near LaSalle & Ontario and is surrounded by restaurants, nightlife, galleries, and high-end residences. It also offers access to CTA and expressways for staff and customer convenience.

    This asset is a practical fit for restaurateurs seeking a downtown location with a built-out kitchen and dining room already in place, including ADA restrooms and patio seating. It may also work for operators looking for a restaurant-oriented space within an existing retail condo configuration, with the option to keep the operation as a dining concept based on its prior restaurant use and current restaurant buildout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kaleidoscope Group Business Management Consultant Hutch American Cafe ... Specialty Food Shop Boca Loca Cantina ... Restaurant KaleidoServe Child Welfare Organization

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Market Creations — 101 N Wacker Dr, Chicago, IL 60606

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6394214
    Latitude
    41.8933514

    FAQs

    What type of property is this?
    Conventional restaurant - Ground-floor restaurant condo features a full commercial kitchen, ADA restrooms, and outdoor patio seating for immediate operations.
    Where is this conventional restaurant located?
    The property is located at 416 W Ontario Street Chicago, IL.
    What is the asking price?
    The asking price for this property is $848,888.
    What are key features of this property?
    This property features: Turnkey Restaurant Space: Fully equipped and ready for immediate operation.; Prime River North Location: Situated in a high‑traffic area.; Fully Built‑Out: Includes a 2,797 SF finished dining and kitchen area.
    More about this property
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