420 W Belmont Avenue Chicago, IL 60657

This turnkey restaurant opportunity is located in East Lakeview, within a 42-story high-rise on Belmont Avenue. The ground floor space spans 2,176 square feet and accommodates 80 seats. The location benefits from high visibility, with 18,000 to 25,000 vehicles passing by daily, a dense residential population, commuter traffic from Lake Shore Drive, and proximity to Belmont Harbor, the Lakefront Trail, and Wrigleyville. The current total rent is approximately $5,600 per month, below the submarket average of $7,400+ per month NNN for comparable spaces. A buildout completed in 2020, costing over $600,000, includes a commercial kitchen, draft beer line system, decor, branding, and operational infrastructure. The lease features two ADA-compliant restrooms, one dedicated garage parking space, and a recently renewed liquor license. Business assets included in the sale are a transferable customer database of over 55,000 email and SMS subscribers, more than 25,000 social media followers, established branding, recipes, a website, marketing assets, and operational systems. Opportunities exist for expanded operating hours, catering, private events, alcohol sales, delivery, and retail products. This acquisition is suitable for an owner-operator, restaurant group, cafe concept, cocktail lounge, or hospitality operator seeking a location in East Lakeview.