Restaurant Space with Kitchen
For Lease
$24 SF/Yr
5115 Main Street, Downers Grove, IL 60515
An existing food-service setup is available, with flexibility to pursue a different restaurant concept.
Space SizeContact for details
Days on Market46
Property Features for 5115 Main Street
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
COMMERCIAL
Zoning
DC
Space & Availability
Space Use
Restaurant
Furnished
No
Restaurant
Seating Capacity
85
Equipment Included
No
Additional Details
Sprinkler System
No
Taxes and HOA fees
Annual Taxes
$11,129
Building Details
Year Built
1972
Listing Agency:
Peter Drossos Real Estate
Listed By:
Peter Drossos · License #471010251
(773) 593-5626
Source:
Loncarrealty
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 28 at 5:35PM
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 Peter Drossos Real Estate
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Investment Insights
Based on property information with market context.
Restaurant space in Downers Grove’s downtown core includes an approximately 85-seat dining area and commercial kitchen equipment. The inventory includes a rotating oven, freezers, refrigerators, pizza and sandwich prep tables, a fryer, a six-burner stove, a walk-in cooler, warmers, a steam table, an ice maker, stainless-steel work surfaces, and beer coolers with taps. The building dates to 1972 and has approximately 12-foot ceilings, copper plumbing installed in 2000, and a functioning fire suppression system. There is no basement or sprinkler system.
The space is offered for lease, with the option to pursue the existing Giordano’s franchise subject to corporate approval, or to lease the premises for another concept. It is in downtown Downers Grove, within walking distance of the Metra station. The property has three parking spaces behind the building and Downtown Core (DC) zoning. Prospective tenants should confirm specific use questions with the Village of Downers Grove.
The space is offered for lease, with the option to pursue the existing Giordano’s franchise subject to corporate approval, or to lease the premises for another concept. It is in downtown Downers Grove, within walking distance of the Metra station. The property has three parking spaces behind the building and Downtown Core (DC) zoning. Prospective tenants should confirm specific use questions with the Village of Downers Grove.
Key Highlights
- Approximately 85 seats and commercial kitchen equipment, including a walk‑in cooler and rotating oven
- Existing Giordano’s franchise option, subject to corporate approval
- Downtown Core (DC) zoning
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,515
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 22%
Egg Harbor Cafe
Dining
7,233 visits/mo
0.1 miles
Giordano's
Dining
3,785 visits/mo
0.0 miles
Citibank
Shops & Services
3,696 visits/mo
0.0 miles
Sushi House
Dining
1,761 visits/mo
0.1 miles
Demographics for 60515, IL
29,278
Population
12,443
Households
2.4
Avg Household Size
43
Median Age
61%
College-Educated
98%
High-School Grad
11.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$121,358
Median Household Income
$69,341
Median Earnings
$1,563
Median Rent
$453,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An existing food-service setup is available, with flexibility to pursue a different restaurant concept.
Where is this conventional restaurant located?
The property is located at 5115 Main Street Downers Grove, IL.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Approximately 85 seats and commercial kitchen equipment, including a walk‑in cooler and rotating oven; Existing Giordano’s franchise option, subject to corporate approval; Downtown Core (DC) zoning
