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    Chicago, IL Restaurants for Sale

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    West Chicago, IL Cicero, IL Oak Park, IL David City, NE Berwyn, IL River Forest, IL Forest Park, IL Evanston, IL
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    Turnkey Restaurant Opportunity in Chicago
    Updated: May 20
    Turnkey Restaurant Opportunity in Chicago

    420 W Belmont Avenue, Chicago, IL 60657

    $649,000
    2,176 sqft 0.42 AC lot
    Turnkey restaurant opportunity in East Lakeview, ready for immediate operation.
    Below‑market lease at approximately $5,600/month, significantly lower than the submarket average.
    High‑traffic location with 18,000‑25,000 vehicles per day and proximity to key attractions.
    Includes valuable business assets: customer database (55,000+), social media followers (25,000+), branding, and operational systems.
    Fully built‑out space (2,176 SF, 80 seats) with a $600,000+ investment completed in 2020.
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    This listing looks promising.

    Here's a quick look at some key insights for

    420 W Belmont Avenue, Chicago, IL 60657

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    • Est. Cap Rate

      6.2%
      Above avg (5.9%)

    • Est. NOI

      $41K
      Annual

    • Price @ 7% Cap

      $579K
      Suggested

    • Property Type

      Condominium
      Built 1967
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    Mixed-Use Building in Irving Park
    Updated: Apr 21
    Mixed-Use Building in Irving Park

    4369 N Elston Avenue, Chicago, IL 60641

    $799,000
    5,000 sqft 2,950.00 AC lot
    Prime location in Irving Park/Old Irving Park with high visibility and strong foot traffic.
    B3‑2 zoning offers redevelopment flexibility and a wide range of commercial uses.
    Strong income potential from ground‑floor commercial space and two updated apartments.
    Proximity to Montrose Blue Line and I‑90/94 interchange provides excellent transportation access.
    Turn‑key mixed‑use asset with fully separated utilities for minimal owner overhead.
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    Mixed-Use Property in Belmont Cragin
    Mixed-Use Property in Belmont Cragin

    5037 W Diversey Avenue, Chicago, IL 60639

    $529,900
    4,200 sqft 0.07 AC lot

    Two-story mixed-use property with commercial and residential space.

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    Chicago Motel with Restaurant Building
    Chicago Motel with Restaurant Building

    7621 S Cottage Grove Avenue, Chicago, IL 60619

    $2,300,000
    18,000 sqft 0.31 AC lot

    34-room motel with separate restaurant in Chatham neighborhood.

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    Turnkey Banquet Hall Restaurant
    Turnkey Banquet Hall Restaurant

    5319 W Belmont Avenue, Chicago, IL 60641

    $999,000
    0.14 AC lot

    Renovated banquet hall/restaurant with updated systems, commercial kitchen, and on-site parking for private events.

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    Alsip Commercial Opportunity on Pulaski
    Alsip Commercial Opportunity on Pulaski

    11849 S Pulaski Road, Alsip, IL 60803

    $859,000
    0.24 AC lot

    Turn-key auto repair shop with redevelopment potential in Alsip, IL.

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    Chicago Commercial Building For Sale
    Chicago Commercial Building For Sale

    200 E 35th Street, Chicago, IL 60616

    $2,000,000
    11,000 sqft 0.27 AC lot

    Fully leased commercial building in high-traffic Chicago location.

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    Freestanding Corner Restaurant Venue
    Freestanding Corner Restaurant Venue

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    0.14 AC lot

    Turnkey corner restaurant venue with a newly renovated dining/bar area, fully equipped kitchen, and on-site parking.

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    Established Tamaleria Business on Pulaski
    Established Tamaleria Business on Pulaski

    5926-28 S PULASKI Road, Chicago, IL 60629

    $770,000
    0.13 AC lot

    Turnkey restaurant opportunity in high-traffic Chicago location.

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    Mixed-Use Retail and Apartment Building
    Mixed-Use Retail and Apartment Building

    2104 S California Avenue, Chicago, IL 60608

    $300,000
    0.07 AC lot

    Main-level commercial space with separate apartment and two multi-use upper rooms, plus basement storage.

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    Turnkey Restaurant with Outdoor Seating
    Turnkey Restaurant with Outdoor Seating

    6045 N Cicero Avenue, Chicago, IL 60646

    $147,000
    0.16 AC lot

    Freestanding, fully built-out restaurant with kitchen equipment and outdoor seating on a high-traffic corner.

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    Turnkey Freestanding Restaurant
    Turnkey Freestanding Restaurant

    6045 N Cicero Avenue, Chicago, IL 60646

    $147,000
    0.16 AC lot

    Fully built-out restaurant with newer kitchen equipment, walk-in refrigeration, and outside seating on a high-traffic corner.

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    Corner Restaurant Business For Sale
    Corner Restaurant Business For Sale

    6214 N Western Avenue, Chicago, IL 60659

    $129,000
    2,500 sqft

    Prime corner restaurant/bar on Lincoln Avenue corridor in Chicago.

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    Corner Mixed-Use Building with Restaurant
    Corner Mixed-Use Building with Restaurant

    2506 N Clybourn Avenue, Chicago, IL 60614

    $1,475,000
    0.23 AC lot

    Vacant mixed-use corner building with ground-floor restaurant and multiple residential units, plus basement storage and a detached garage.

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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 condo features a full commercial kitchen, ADA restrooms, and outdoor patio seating for immediate operations.

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    Mixed-Use Retail and Residential Building
    Mixed-Use Retail and Residential Building

    4445-4447 N Broadway Street, Chicago, IL 60640

    $1,350,000
    0.12 AC lot

    Two adjacent Broadway properties combine street-level retail and restaurant space with two 3-bedroom apartments above.

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    Turn-Key Restaurant With Equipment Included
    Turn-Key Restaurant With Equipment Included

    10606 S Torrence Avenue, Chicago, IL 60617

    $135,000
    0.07 AC lot

    For sale restaurant space at 10606 S Torrence Avenue, offered turn-key with kitchen equipment included.

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    Multi-Section Restaurant Property
    Multi-Section Restaurant Property

    2723-2729 W Howard Avenue, Chicago, IL 60645

    $1,199,000
    0.41 AC lot

    Multi-tenant restaurant building with a gazebo/patio and designated parking across the street for day-to-day customer convenience.

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    Turnkey Corner Restaurant with PPA
    Turnkey Corner Restaurant with PPA

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    0.14 AC lot

    Fully renovated corner restaurant with PPA, liquor, and food licenses, a commercial kitchen, and seating for 95.

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    Established Banquet Hall with Apartments
    Established Banquet Hall with Apartments

    6155 W FULLERTON Avenue, Chicago, IL 60639

    $1,249,500
    6,000 sqft 0.20 AC lot

    Banquet hall with apartments for additional income in Chicago.

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    Established Banquet Hall with Apartments
    Established Banquet Hall with Apartments

    6155 W FULLERTON Avenue, Chicago, IL 60639

    $1,249,500
    6,000 sqft 0.20 AC lot

    Banquet hall with apartments for additional income in Chicago.

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    Corner Mixed-Use Building with Restaurant
    Corner Mixed-Use Building with Restaurant

    3801 N Clark Street, Chicago, IL 60613

    $3,995,000
    5,200 sqft 0.16 AC lot

    Five apartments above roughly 5,200 SF restaurant space plus an operating cookie-shop storefront on a high-visibility corner intersection.

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    Roscoe Village Investment Opportunity
    Roscoe Village Investment Opportunity

    3243 N Western Avenue, Chicago, IL 60618

    $800,000
    0.06 AC lot

    Three-unit building with bar, apartment, and coach house.

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    Bakery Storefront with Delivery Parking
    Bakery Storefront with Delivery Parking

    4242 S Archer Avenue, Chicago, IL 60632

    $325,000
    0.05 AC lot

    Turn-key bakery storefront with included equipment, updated systems, and delivery-van parking in a high-traffic commercial corridor.

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    Chicago, IL Restaurants Market Trends and Statistics

    Explore 140 restaurants for sale in Chicago, IL, showcased through 140 active listings on our real estate platform. These investment opportunities span a total of 375,701 square feet of properties for sale, with an estimated market value of $112,825,125.

    Sale prices for restaurant properties in Chicago, IL start at $79,000, averaging $1,545,549, and reaching up to $10,550,000 — 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 103
    Bars & Pubs 55
    Coffee shops 28
    Commercial kitchens 25
    Turn key restaurants 21

    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
    Elmwood Park $889K
    Chicago $1.2M

    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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    Most Searched ZIP Codes in Chicago, IL

    • 60634
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    • 60614
    • 60642
    • 60609
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