420 W Belmont Avenue, Chicago, IL, 60657

$649,000

About 420 W Belmont Avenue

***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.

Additional Information: This property is located in the CHI - Lake View neighborhood, IL. This bedrooms bus / bus w/real est property is priced at $649,000.

Facts & Features

MLS® # 12654486
Price $649,000
Bathrooms 0.00
Taxes $0
Type Business Opportunity
Sub-Type Bus / Bus w/Real Est
Status Active

Community Information

Address 420 W Belmont Avenue
Area CHI - Lake View
City Chicago
County Cook
State IL
Zip Code 60657

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air, Central Individual
Fireplace No
Has Basement No

Additional Information

Days on Market 7
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $0

Listing Details

OfficeChicago Real Estate Resources

Listing Map

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