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$649,000
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Property Description
***TURNKEY RESTAURANT OPPORTUNITY | EAST LAKEVIEW | BELOW-MARKET LEASE 2,176 SF | 80 Seats | Ground Floor | 42-Story High-Rise | Belmont Ave ** Rare opportunity to assume a below-market lease in one of Chicago's strongest dining corridors, with current total rent of approximately $5,600/month against a submarket average of $7,400+/month NNN for comparable spaces. With 18,000-25,000 vehicles per day, dense residential population, commuter traffic off Lake Shore Drive, and direct proximity to Belmont Harbor, the Lakefront Trail, and Wrigleyville. The space is fully turnkey following a $600,000+ buildout completed in 2020, encompassing the commercial kitchen, draft beer line system, decor, branding, and operational infrastructure. The lease includes two ADA-compliant restrooms, one dedicated garage parking space, and a recently renewed liquor license. The sale includes significant business assets: a transferable customer database of 55,000+ email and SMS subscribers, 25,000+ social media followers, along with established branding, recipes, a website, marketing assets, and operational systems. Value-add opportunities exist through expanded operating hours, catering, private events, alcohol sales, delivery, and retail products. This is an ideal acquisition for an owner-operator, restaurant group, cafe concept, cocktail lounge, or hospitality operator seeking a proven, high-visibility location in East Lakeview. Please do not contact on-site staff directly. Click on "Additional Information" to download the brochure.
Full Property Details
Full Property Details for MLS# 12654486
General
- Price: $649,000
- Taxes: (2024)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12654486
Business
- Business Type: Restaurant
- Years in Business: 4 to 6 Yea
- Seating Capacity: 76 to 100
Location
- Area: CHI - Lake View
- County: Cook
- Driving Directions: North to LSD, Exit Belmont, West to the property.
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual
- Heating Type: Ceiling Units, Central Heat/Individual Controls, Forced Air
Structural Information
- Stories/Levels: 42
- Square Feet: 2,176
Lot Features
- Lot Size (Sq. Ft.): 18,150
- Lot Dimensions: 18150
Financial Considerations
- Lease Price: $31
- For Sale/Rent/Lease: For Sale or Rent
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat, Trash Collection
Disclosures and Reports
- Ownership: Corporation
Listed by Chicago Real Estate Resources
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Schools
Schools serving MLS# 12654486
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Nettelhorst Elementary School 3252 North Broadway, Chicago, IL 60657 | PK-8 | 0.2 mi |
Lake View High School 4015 North Ashland Avenue, Chicago, IL 60613 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for MLS# 12654486
MLS# 12654486, Chicago, IL 60657 (MLS# 12654486) is a Business property. MLS# 12654486 is currently listed for $649,000 and was received on May 20, 2026. Want to learn more about MLS# 12654486? Do you have questions about finding other Business real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.

