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Corner Restaurant with Full Kitchen
For Sale
$125,000

4601 N Lincoln Ave, Chicago, IL 60625

Established dining space offers indoor seating and permitted sidewalk café operations in Lincoln Square.

Property Size2,500 SF
Price / SF$50
Days on Market198

Property Features for 4601 N Lincoln Ave

General Information

Standard status Active
Size 2,500 SF
Property subtype Business Opportunity

Restaurant

Patio Yes
Liquor License Yes
Listing Agency: Sperry Van Ness
Listed By: Marcus Sullivan · License #475139568
Source: Amyboston.realtopiare
Added: Apr 3 Changed: Oct 14 Last Checked: Oct 16 at 1:05PM

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 Sperry Van Ness

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Investment Insights

Based on property information with market context.

This 1,600-square-foot conventional restaurant occupies a prominent corner position at 4601 N Lincoln Avenue in Chicago’s Lincoln Square. The premises include a complete commercial kitchen, seating for 50 guests indoors, and an outdoor dining component. The restaurant has operated at the location for more than two decades, providing an established operating history within the neighborhood.

Included licenses consist of a retail food incidental liquor license and a sidewalk café permit. Lincoln Square is identified as a walkable North Side Chicago community with boutique shopping, cultural venues, dining establishments, and seasonal festivals. The property is positioned within an active dining corridor serving a local neighborhood audience.

Key Highlights

  • 1,600 SF restaurant at a prominent corner location
  • Full commercial kitchen in place
  • Indoor seating for 50 guests

Property Analytics

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Open Analytics

Current Use

Essence of India Restaurant

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Fish Market Supermarket Catering Service Restaurant

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

Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

3,479
Businesses Nearby
98k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 41% Groceries 34% Shops & Services 21% Home Improvements & Furnishings 3%
Jewel-Osco Groceries
32,837 visits/mo 0.5 miles
Wendy's Dining
16,427 visits/mo 0.3 miles
Burger King Dining
14,996 visits/mo 0.4 miles
Dollar Tree Shops & Services
8,360 visits/mo 0.3 miles
AutoZone Shops & Services
7,489 visits/mo 0.3 miles

Demographics for 60625, IL

76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established dining space offers indoor seating and permitted sidewalk café operations in Lincoln Square.
Where is this conventional restaurant located?
The property is located at 4601 N Lincoln Ave Chicago, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1,600 SF restaurant at a prominent corner location; Full commercial kitchen in place; Indoor seating for 50 guests
More about this property
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