Conventional Restaurant
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Chicago, IL Conventional Restaurants for Sale

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Ground-Floor Restaurant Business
Updated: May 20
Ground-Floor Restaurant Business

420 W Belmont Avenue, Chicago, IL 60657

$649,000
0.42 AC lot
80‑seat restaurant business on the ground floor of a 42‑story high‑rise
Commercial kitchen and draft beer line system included
$600,000+ buildout completed in 2020
Two ADA‑compliant restrooms and one dedicated garage parking space
Recently renewed liquor license included
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Renovated Restaurant and Banquet Hall
Updated: Jun 29
Renovated Restaurant and Banquet Hall

5319 W Belmont Avenue, Chicago, IL 60641

$999,000
0.14 AC lot
5,300‑square‑foot renovated restaurant and event facility
New HVAC units, flat roof, electrical, and plumbing systems
Commercial kitchen with walk‑in cooler, freezer, stove, grill, deep fryer, and exhaust fan
Includes 25 tables and approximately 130 chairs
Five private parking spaces at the rear plus public parking in front
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Brick Mixed-Use Building with Restaurant
Brick Mixed-Use Building with Restaurant

3248 N LINCOLN Avenue, Chicago, IL 60657

$650,000
0.04 AC lot

Two-story property combines a leased restaurant space with a two-bedroom apartment and central air conditioning.

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Renovated Wedding Venue
Renovated Wedding Venue

5319 W Belmont Ave, Chicago, IL 60641

$999,000
5,300 sqft

Modernized event facility with commercial kitchen and upgraded building systems.

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Renovated Freestanding Restaurant
Renovated Freestanding Restaurant

7455 W Irving Park Road, Chicago, IL 60634

$949,000
0.14 AC lot

Corner restaurant property with licensed event-use potential, a fully equipped kitchen, and an attached residential unit.

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Renovated Freestanding Restaurant
Renovated Freestanding Restaurant

7455 W Irving Park Road, Chicago, IL 60634

$949,000
0.14 AC lot

Corner restaurant property with licensed event capabilities, a commercial kitchen, parking, and an additional residential unit.

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Mixed-Use Property with Commercial Kitchen
Mixed-Use Property with Commercial Kitchen

7455 W Irving Park Road, Chicago, IL 60634

$949,000
0.14 AC lot

Freestanding corner property combines a renovated restaurant, licensed event venue, and three-bedroom residential unit.

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Two-Unit Mixed-Use Property
Two-Unit Mixed-Use Property

7710-12 W Belmont Ave, Chicago, IL 60634

$749,999
4,000 sqft

Combined office and restaurant uses with separate utilities and rear tandem parking.

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Mixed-Use Property with Apartment
Mixed-Use Property with Apartment

2104 S California Avenue, Chicago, IL 60608

$290,000
0.07 AC lot

Brick building combines a commercial area, rear one-bedroom apartment, upper rooms, and basement storage.

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34-Room Exterior-Corridor Motel
34-Room Exterior-Corridor Motel

7621 S Cottage Grove Avenue, Chicago, IL 60619

$2,200,000
0.31 AC lot

Three-story lodging property includes a separate restaurant building and main-level parking.

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Corner Development Site with Restaurant
Corner Development Site with Restaurant

7455 W Irving Park Road, Chicago, IL 60634

$949,000
6,250 sqft 0.16 AC lot

Signalized corner site with a renovated freestanding restaurant and side parking, offering flexible neighborhood commercial use.

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Turnkey Restaurant Space with Patio
Turnkey Restaurant Space with Patio

416 W Ontario Street, Chicago, IL 60654

$848,888
0.11 AC lot

Ground-floor restaurant property with commercial kitchen equipment, ADA-compliant restrooms, and B3 zoning in River North.

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Equipped Conventional Restaurant
Equipped Conventional Restaurant

10606 S Torrence Avenue, Chicago, IL 60617

$135,000
0.07 AC lot

Restaurant property with central air and an included commercial kitchen setup.

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Retail Corner Site with Existing Building
Retail Corner Site with Existing Building

2207-2214 W Ogden Avenue, Chicago, IL 60612

$2,495,000
5,000 sqft 0.38 AC lot

High-visibility hard-corner site with an existing 5,000 SF building and flexible PD-30 zoning.

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Mixed-Use Buildings with Retail
Mixed-Use Buildings with Retail

4445-4447 N Broadway Street, Chicago, IL 60640

$1,350,000
0.12 AC lot

Two adjacent buildings combine commercial and residential occupancy with separate building systems.

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Brick Mixed-Use Property with Restaurant
Brick Mixed-Use Property with Restaurant

2506 N Clybourn Avenue, Chicago, IL 60614

$1,475,000
0.23 AC lot

Vacant corner building combines a restaurant and bar with three residential units, private outdoor space, and detached garage parking.

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Live-Work Food Production Facility
Live-Work Food Production Facility

2054 W Grand Avenue, Chicago, IL 60612

$3,249,000
9,363 sqft

2013 FDA-approved food production live/work building with street-level storefront restaurant, prep kitchens, and a 24' ceiling processing area.

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Mexican Restaurant With Bar
Mexican Restaurant With Bar

1347 W 47th Street, Chicago, IL 60609

$750,000
0.17 AC lot

Business sale includes a 2024 buildout, furnishings, POS system, and liquor license.

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Restaurant Business with Bar
Restaurant Business with Bar

1347 W 47th St, Chicago, IL 60609

$750,000
2,400 sqft

Mexican restaurant business with a bar, liquor license, commercial kitchen, and furnishings included in the sale.

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Renovated Mixed-Use Corner Property
Renovated Mixed-Use Corner Property

7455 W Irving Park Road, Chicago, IL 60634

$949,000

Renovated mixed-use property combining a restaurant, bar, commercial kitchen, and three-bedroom residential unit.

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Renovated Mixed-Use Hospitality Property
Renovated Mixed-Use Hospitality Property

310 S Halsted St, Chicago, IL 60661

$10,500,000
27,404 sqft 0.14 AC lot

Four-story property combines a renovated hostel operation with a fully equipped restaurant space and basement storage.

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Mixed-Use Property with Restaurant
Mixed-Use Property with Restaurant

2001 W 35th Street, Chicago, IL 60609

$479,900
0.09 AC lot

Restaurant and residential components support a live/work configuration with dedicated rear parking.

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Corner Freestanding Restaurant Building
Corner Freestanding Restaurant Building

2640 E 75th St, Chicago, IL 60649

$449,000
1,100 sqft

Rebuilt restaurant property near the Metra South Shore station, Lake Michigan, beaches, and multiple golf courses.

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Mixed-Use Property with Restaurant
Mixed-Use Property with Restaurant

163 W Division Street, Chicago, IL 60610

$3,275,000
0.34 AC lot

Five furnished condominium residences accompany two street-level commercial condominium spaces and an operating sit-in and takeout restaurant.

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Chicago, IL Conventional Restaurants Market Trends and Statistics

Explore 153 conventional restaurants for sale in Chicago, IL, showcased through 153 active listings on our real estate platform. These investment opportunities span a total of 423,371 square feet of properties for sale, with an estimated market value of $72,232,973.

Sale prices for conventional restaurants in Chicago, IL start at $69,000, averaging $1,046,854, and reaching up to $10,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 332
Bars & Pubs 120
Commercial kitchens 72
Coffee shops 50
Drive through restaurants 23

Demographics Overview

Population 2.91M
Population Growth (5Y) +0.6%
Median Household Income $76,477
College Educated 44.3%

High-Yield Neighborhoods for Investment

Identify Chicago submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
60659 $81.8K
60646 $100K
60625 $143.7K
60636 $188K
60620 $193.3K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Chicago fall within the 10,000 to 25,000 square foot range.

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