CHICAGO, Illinois
| Asking Price |
$11,799 |
Year Established |
|
|
| Annual Revenue |
$0 |
Reason for Selling |
Available. |
|
| Annual P/L |
$0 |
Attention |
Brian OKelly |
|
| Annual Cash Flow |
$0 |
Listing Number |
1019812 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Fully-Equipped 1,600 Sq Ft Restaurant w/1,000 Sq Ft Patio - Chicago’s Logan Square/Bucktown Neighborhood!
“Turnkey Restaurant With Full Commercial Kitchen, Finished Dining Room & Private Patio On N Milwaukee Ave”
A rare turnkey ground-floor corner restaurant ready for its next operator! Launch or expand your concept without the major expense and delays of building from scratch. Formerly a full-service restaurant, all furniture, fixtures and equipment (FF&E) are landlord-owned and stay with the premises, so no separate equipment purchase is required. Patio included in the rent!
Kitchen: 3 stainless exhaust hoods (15ft, 9ft & 6ft) with fire suppression, 10-burner gas range with 2 ovens, walk-in cooler, 3-door refrigerated prep table, stainless prep tables, overshelves and storage shelving, commercial dishwasher, 3-compartment sink, ice machine, commercial water heater, basement grease interceptor and dry storage.
Dining Room & Bar: Tile flooring, decorative wood ceiling beams, upholstered banquette seating, 14+ pedestal dining tables, window bar ledge, pendant lighting, wood service counter, 2 wall-mounted TVs and a 3-door back bar cooler.
Patio: Concrete patio with wrought-iron and wood privacy fencing and 4 picnic tables. Extend your seating capacity and capture seasonal dining revenue, a standout feature in this urban neighborhood!
Property Features and Assets:
<p>Prime corner storefront along one of Chicago’s most recognizable restaurant, nightlife and retail corridors, with 33 feet of Milwaukee Ave frontage and an estimated 12,400 vehicles daily. Same block as the historic Congress Theater, now being restored to bring back live entertainment. Nearby: Colectivo Coffee, FARE, Holstein Park, breweries and independent retailers. 0.21 mile to the California CTA Blue Line, plus #56 bus service.</p><p>Demographics: 1 mile 60,649 residents ($117,031 median income); 3 miles 494,917 ($105,928); 5 miles 1,239,604 ($94,624). About 49% are college graduates.</p><p>SqFt: 1,600 Main Floor + Basement + 1,000 Patio<br>Seating: Table, Banquette & Bar Inside + Patio<br>Hrs: (Space For Lease)<br>Owners Role: (Space For Lease)<br>Training: (Space For Lease)<br>Lease: $3,933/mth ($29.50/sqft) modified gross, includes year-one base taxes & insurance. Tenant pays utilities, scavenger and 7.41% of increases. Term, options & deposit negotiable.<br>Property: 21,600 sqft 2-story mixed-use building. Built 1907, renovated 2016. Zoned C1-1. Side lot & street parking.</p>
Market Competition and Expansion:
<p>Competitive Rent & Significant Startup Savings: An October 2026 analysis of 16 competing Milwaukee Ave spaces found a median gross-equivalent asking rent of approximately $37/sqft, placing this offering below the corridor median. Lower occupancy costs mean stronger margins from day one.</p><p>Building a comparable restaurant from an empty shell could cost an estimated $250,000 to $400,000 and take 6 to 9 months. Here, the expensive kitchen infrastructure, dining improvements and outdoor patio are already in place, so you can open sooner, avoid construction risk, start generating revenue faster and keep more capital for staffing, marketing and working capital.</p><p>Bring Your Vision To Logan Square: Ideal for a neighborhood restaurant, cafe, bistro, bar & grill or other compatible foodservice concept. Perfect for first-time operators or established restaurant groups expanding. Take advantage of a proven restaurant location, existing improvements and outdoor dining in one of Chicago’s most dynamic and sought-after dining neighborhoods!</p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity