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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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    Chicago Motel with Restaurant Building
    Updated: Jan 16
    Chicago Motel with Restaurant Building

    7621 S Cottage Grove Avenue, Chicago, IL 60619

    $2,300,000
    18,000 sqft 0.31 AC lot
    Significant value‑add opportunity with the non‑franchise motel license.
    Eligible for substantial City of Chicago grants and TIF funding for facade improvements and full building renovation.
    Located within the Greater Chatham Initiative - 87th Street Corridor Improvement Zone.
    Strategic location in the well‑established Chatham neighborhood with strong traffic counts and walking distance to retail, services, and neighborhood amenities.
    Proximity to major transportation and key attractions.
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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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    Full Commissary Kitchen Facility
    Full Commissary Kitchen Facility

    3515 W Grand Avenue, Chicago, IL 60651

    $1,600,000
    4,800 sqft 0.51 AC lot

    Includes a full commissary kitchen and additional high-ceiling open space that can be leased and potentially divided.

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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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    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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    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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    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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    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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    Commercial Building on Cicero Avenue
    Commercial Building on Cicero Avenue

    11346 S Cicero Avenue, Alsip, IL 60803

    $1,950,000
    13,000 sqft 1.20 AC lot

    High-traffic location suitable for retail, restaurant, office, or medical use.

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    Wolcott Avenue Commercial Building For Sale
    Wolcott Avenue Commercial Building For Sale

    412 North Wolcott Avenue, Chicago, IL 60622

    $3,750,000
    6,800 sqft 0.42 AC lot

    6,800 SF commercial building with kitchen and garden beds.

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    Mixed-Use Building with Restaurant Space
    Mixed-Use Building with Restaurant Space

    2104 S California Avenue, Chicago, IL 60608

    $300,000
    0.07 AC lot

    Main-level restaurant space and a rear 1BR apartment plus upper multi-use rooms, basement storage, and yard carport parking.

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    Restaurant and Bar Property
    Restaurant and Bar Property

    6835 W Addison Street, Chicago, IL 60634

    $974,900
    0.16 AC lot

    Commercial restaurant and bar property for sale in Chicago, Illinois.

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    Logan Square Mixed-Use Building
    Logan Square Mixed-Use Building

    3425 W Fullerton Ave, Chicago, IL 60647

    $1,100,000
    2,900 sqft

    Three-unit mixed-use building with established tavern in Logan Square.

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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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    Corridor Motel with Restaurant
    Corridor Motel with Restaurant

    7621 S Cottage Grove Avenue, Chicago, IL 60619

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

    1974-built 34-room motel with a separate front restaurant building and main-level parking.

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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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    Corner Shopping Center with Multiple Tenants
    Corner Shopping Center with Multiple Tenants

    5737 N Lincoln Avenue, Chicago, IL 60659

    $2,600,000
    12,000 sqft

    Renovated, fully occupied shopping center on a double lot with seven tenants, including restaurants and a dental office.

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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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    Equipped Food Production Kitchen
    Equipped Food Production Kitchen

    1709 W Washington Blvd, Chicago, IL 60612

    $2,950,000
    8,500 sqft

    Fully finished and equipped commercial kitchen with walk-in coolers, sealed pitched floors, and a box truck garage space.

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    Turnkey Restaurant with Kitchen Equipment
    Turnkey Restaurant with Kitchen Equipment

    10606 S Torrence Avenue, Chicago, IL 60617

    $135,000
    0.07 AC lot

    Turnkey restaurant space with included kitchen equipment, formerly operating as a pizzeria at S Torrence Avenue.

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    Turnkey Single-Story Restaurant
    Turnkey Single-Story Restaurant

    5443-5445 W Diversey Ave, Chicago, IL 60639

    $545,000
    4,300 sqft 0.14 AC lot

    Turnkey 4,300-square-foot restaurant building with fully equipped kitchen, 15-seat bar, and on-site surface parking.

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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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    Chicago, IL Restaurants Market Trends and Statistics

    Explore 216 restaurants for sale in Chicago, IL, showcased through 216 active listings on our real estate platform. These investment opportunities span a total of 538,394 square feet of properties for sale, with an estimated market value of $172,191,814.

    Sale prices for restaurant properties in Chicago, IL start at $74,999, averaging $1,229,941, 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 212
    Bars & Pubs 77
    Coffee shops 33
    Commercial kitchens 32
    Turn key restaurants 17

    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

    • 60657
    • 60639
    • 60634
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    • 60614
    • 60642
    • 60641
    • 60632
    • 60608
    • 60616
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