Built-Out Restaurant
For Lease
Contact for pricing
Pending
49 E Cermak Road, Chicago, IL 60616
Commercial Lease, Chicago, IL
Space Size1,581 SF - 3,162 SF
Days on Market36
Property Features for 49 E Cermak Road
General Information
Property type
Commercial Lease
Property subtype
Retail
Directions
Take I-94Exp W to W Cermak Rd. Take exit 53C from I-94Exp W
Subdivision
CHI - Near South Side
Standard status
Pending
APN
17271010020000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
43555
Utilities
Cooling system
Central Air
Building Details
Year built
1930
Floors in Building
1
Listing Agency:
Keller Williams ONEChicago · Keller Williams Realty
(312) 216-2422
Listed By:
Anthony Hardy · License #475139834
(312) 216-2422
Added: Jul 22
Changed: Aug 19
Last Checked: Aug 26 at 4:06AM
MLS# 12713382
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.
Investment Insights
Based on property information with market context.
This restaurant property comprises 3,162 SF of built-out space that can be leased as one premises or divided into two 1,581 SF sections. Existing improvements support food preparation and service operations, including two 20-foot hoods, one 9-foot hood, fryers, ovens, high-output cooking lines, two walk-in coolers, a tilt skillet, deli slicer, and high-capacity dishwashers. Central air is also in place.
Located at 49 E. Cermak Road in Chicago, the property is near McCormick Place, Wintrust Arena, multiple hotels, Chinatown, the South Loop, and the lakefront. The surrounding area includes apartments, condominiums, and senior housing, with activity from residents, commuters, convention attendees, hotel guests, tourists, and event traffic. The location supports dine-in, takeout, delivery, catering, and other restaurant operating models.
Located at 49 E. Cermak Road in Chicago, the property is near McCormick Place, Wintrust Arena, multiple hotels, Chinatown, the South Loop, and the lakefront. The surrounding area includes apartments, condominiums, and senior housing, with activity from residents, commuters, convention attendees, hotel guests, tourists, and event traffic. The location supports dine-in, takeout, delivery, catering, and other restaurant operating models.
Key Highlights
- 3,162 SF of restaurant space with two 1,581 SF leasing configurations
- Two 20‑foot hoods and one 9‑foot hood
- Two walk‑in coolers plus fryers, ovens, and high‑output cooking lines
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,628
Businesses Nearby
108k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Hotels & Casinos 31%
Shops & Services 26%
Marriott Marquis Chicago
Hotels & Casinos
33,862 visits/mo
0.3 miles
White Castle
Dining
23,545 visits/mo
0.1 miles
Pizanos Pizza
Dining
13,973 visits/mo
0.3 miles
Chase Bank
Shops & Services
11,972 visits/mo
0.3 miles
CD One Price Cleaners
Shops & Services
8,402 visits/mo
0.1 miles
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$28.22 /SF/Yr
Avg Asking Price
$19–$55 /SF/Yr
Price Range
3,783 SF
Avg Space Size
This space is priced 13% above the average of $28.22 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Flexible restaurant premises with commercial kitchen infrastructure for dine-in, takeout, delivery, catering, and high-volume service models.
Where is this conventional restaurant located?
The property is located at 49 E Cermak Road Chicago, IL.
What are key features of this property?
This property features: 3,162 SF of restaurant space with two 1,581 SF leasing configurations; Two 20‑foot hoods and one 9‑foot hood; Two walk‑in coolers plus fryers, ovens, and high‑output cooking lines
