420 W Belmont Avenue, Chicago, IL 60657

• 2,176 sqft

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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 10:18PM

Listing Office:

Chicago Real Estate Resources : 773-879-0713

Listing Agent:

Tuyen Nguyen : 773-879-0713

MLS ID:

12647119

Interior

• A/C: Central AirCentral Individual

Location

• Originating MLS: mred
• County: Cook

Lot

• Zoning: 00000000000000

Financial

• Source: mred
• Ownership: Corporation