Turnkey Restaurant Opportunity in
420 W Belmont Avenue, Chicago, IL 60657
- Added:
- May 13, 2026
- Days on Market:
- 8
- Last Refresh:
- May 20 at 4:06 pm
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 13, 2026
MLS# 12647119
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.
- High‑traffic location with 18,000‑25,000 vehicles per day.
- Includes valuable business assets: customer database, social media followers, branding, and operational systems.
- Fully built‑out space with a commercial kitchen, draft beer system, and decor from a $600,000+ investment in 2020.
- Lease includes two ADA‑compliant restrooms, one dedicated garage parking space, and a recently renewed liquor license.
Overview
This turnkey restaurant opportunity is located in the East Lakeview neighborhood of Chicago. The 2,176-square-foot ground-floor space, which seats 80, is situated in a 42-story high-rise on Belmont Avenue. The location benefits from 18,000 to 25,000 vehicles per day, a dense residential population, commuter traffic from Lake Shore Drive, and proximity to Belmont Harbor, the Lakefront Trail, and Wrigleyville. The space was built out in 2020 for over $600,000 and includes a commercial kitchen, draft beer line system, decor, branding, and operational infrastructure. The lease, which is below the submarket average, includes two ADA-compliant restrooms, one dedicated garage parking space, and a recently renewed liquor license. Significant business assets are included in the sale, such as a transferable customer database of over 55,000 email and SMS subscribers and over 25,000 social media followers, along with established branding, recipes, a website, marketing assets, and operational systems. Opportunities exist through expanded operating hours, catering, private events, alcohol sales, delivery, and retail products. This location is suited for an owner-operator, restaurant group, cafe concept, cocktail lounge, or hospitality operator seeking a high-visibility location.
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
Similar Places Nearby
- Raj Darbar — 2660 N Halsted St, Chicago, IL 60614
- D'Masti Events & Catering — Chicago, IL 60657
- Le Personal Chef — 3450 N Lake Shore Dr #415, Chicago, IL 60657
- Thai Classic Restaurant — 3332 N Clark St, Chicago, IL 60657
- Levant Coffee — 3712 North Broadway, Chicago, IL 60613
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?
Restaurant - East Lakeview restaurant with below-market lease and high visibility.
Where is this 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.; High‑traffic location with 18,000‑25,000 vehicles per day.
