Restaurant with Draft Beer
For Sale
$649,000
Chicago, IL 60657, Chicago, IL 60657
Business Opportunity, Chicago, IL
Property Size2,176 SF
Lot Size0.42 Acres
Price / SF$298.25
Days on Market142
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
CHI - Lake View
Standard status
Active
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Cooling system
Central Air
Listing Agency:
Chicago Real Estate Resources
(773) 327-9300
Listed By:
Tuyen Nguyen · License #471006001
(773) 879-0713
Added: May 20
Changed: Oct 8
Last Checked: Oct 8 at 10:06PM
MLS# 12654486
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.
The 2,176-square-foot restaurant occupies the ground floor of a 42-story high-rise and accommodates 80 seats. A 2020 buildout included a commercial kitchen and draft beer system. The space also has two ADA-compliant restrooms and one dedicated garage parking space. A recently renewed liquor license is included, along with business assets such as branding, recipes, a website, marketing materials, and operating systems. The customer database contains 55,000+ email and SMS subscribers, and social media accounts have 25,000+ followers.
The property is on Belmont Avenue in East Lakeview, with Belmont Harbor, the Lakefront Trail, and Wrigleyville identified nearby. The stated vehicle volume is 18,000–25,000 per day. Central air is also listed.
The property is on Belmont Avenue in East Lakeview, with Belmont Harbor, the Lakefront Trail, and Wrigleyville identified nearby. The stated vehicle volume is 18,000–25,000 per day. Central air is also listed.
Key Highlights
- 2,176 SF ground‑floor restaurant in a 42‑story high‑rise
- 80 seats and a commercial kitchen with draft beer system
- 2020 buildout; two ADA‑compliant restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,500
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,000
$810.0K
Cap Rate 7%
$578,571
$578.6K
Cap Rate 9%
$450,000
$450.0K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$57.4K $26.40/SF
− Vacancy
−$3.4K −$1.58/SF
EGI
$54.0K $24.82/SF
− OpEx
−$13.5K −$6.20/SF
NOI
$40.5K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,000
Cap Rate 7%
$578,571
Cap Rate 9%
$450,000
Alternative Uses
Best Use
Specialty Retail
$578.6K
$506.3K – $675.0K
NOI $40,500 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$897.7K – $1.20M
NOI $71,818 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6,951
Businesses Nearby
227k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 39%
Groceries 12%
Home Improvements & Furnishings 4%
Binny's Beverage Depot
Groceries
26,649 visits/mo
0.4 miles
Chick-fil-A
Dining
19,353 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
17,071 visits/mo
0.3 miles
Shell
Shops & Services
14,072 visits/mo
0.4 miles
Chase Bank
Shops & Services
10,982 visits/mo
0.4 miles
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A built-out dining space includes a commercial kitchen, customer seating, and two accessible restrooms.
Where is this conventional restaurant located?
The property is located at 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: 2,176 SF ground‑floor restaurant in a 42‑story high‑rise; 80 seats and a commercial kitchen with draft beer system; 2020 buildout; two ADA‑compliant restrooms
