Turnkey Restaurant Opportunity in
420 W Belmont Avenue, Chicago, IL 60657
New
- Added:
- May 20, 2026
- Days on Market:
- 2
- Last Refresh:
- May 21 at 12:06 am
Property Features for 420 W Belmont Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 00000000000000
- Size
- 2,176 SF
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Year
- 2024
Utilities
- Cooling system
- Central Air
Listing agent Tuyen Nguyen License #471006001 (773) 327-9300
Listing office Chicago Real Estate Resources 800 W. Diversey Pkwy FL 3, Chicago, IL (773) 327-9300
Listing date May 20, 2026
MLS# 12654486
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 opportunity in East Lakeview, ready for immediate operation.
- Below‑market lease at approximately $5,600/month, significantly lower than the submarket average.
- High‑traffic location with 18,000‑25,000 vehicles per day and proximity to key attractions.
- Includes valuable business assets: customer database (55,000+), social media followers (25,000+), branding, and operational systems.
- Fully built‑out space (2,176 SF, 80 seats) with a $600,000+ investment completed in 2020.
- Includes a recently renewed liquor license and one dedicated garage parking space.
Overview
This is a rare opportunity to assume a below-market lease in one of Chicago's strongest dining corridors. The current total rent is approximately $5,600/month, compared to a submarket average of $7,400+/month NNN for comparable spaces. The location benefits from 18,000-25,000 vehicles per day, a dense residential population, commuter traffic off Lake Shore Drive, and proximity to Belmont Harbor, the Lakefront Trail, and Wrigleyville. The 2,176 square foot ground floor space is fully turnkey, following a $600,000+ buildout completed in 2020. It includes a commercial kitchen, draft beer line system, decor, branding, and operational infrastructure, with seating for 80. The lease includes two ADA-compliant restrooms, one dedicated garage parking space, and a recently renewed liquor license. Significant business assets are included in the sale: a transferable customer database of 55,000+ email and SMS subscribers, 25,000+ social media followers, established branding, recipes, a website, marketing assets, and operational systems. Value-add opportunities exist through expanded operating hours, catering, private events, alcohol sales, delivery, and retail products. This is an ideal acquisition for an owner-operator, restaurant group, cafe concept, cocktail lounge, or hospitality operator seeking a proven, high-visibility location in East Lakeview. The property is located in a 42-story high-rise on Belmont Avenue.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
ATM Bob
Atm
Noble Garage Door
Building Supply
King Fisher Chicago
Tour Operator
Healthcare Enhanced, LLC
Physician
Wake ‘n Bacon
Restaurant
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6407729
- Latitude
- 41.9302044
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Below-market lease in East Lakeview, fully equipped restaurant with assets.
Where is this conventional restaurant located?
The property is located at 420 W Belmont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity in East Lakeview, ready for immediate operation.; Below‑market lease at approximately $5,600/month, significantly lower than the submarket average.; High‑traffic location with 18,000‑25,000 vehicles per day and proximity to key attractions.
