1023 W Lake St
Chicago, IL 60607 Fulton Market

Positioned in the heart of Chicago’s premier dining and nightlife corridor this 2500 square foot, fully built-out corner restaurant opportunity at 1023 W. Lake Street offers a rare turnkey presence less than one block from the highly trafficked Morgan CTA Green/Pink Line station. This space benefits from exceptional pedestrian visibility, strong daytime office traffic, and immediate proximity to many of the neighborhood’s most prominent restaurants, hotels, tech tenants, and entertainment venues.

Formerly occupied by Riccardo Osteria, the space features an architecturally distinctive buildout blending historic Fulton Market character with modern hospitality design. The dramatic corner frontage is anchored by restored cast iron detailing, oversized glass storefront along Lake Street, and expansive operable nano-style folding glass doors along Carpenter that create an indoor/outdoor dining experience. The façade is enhanced with decorative lighting, custom planters, and a highly visible blade sign presence along Lake Street.

Inside, the restaurant offers 14’ ceilings, exposed brick walls, hardwood flooring, custom millwork, acoustic ceiling treatments, designer lighting, and ample natural light with its hard corner location. The layout accommodates a variety of restaurant concepts ranging from upscale casual, to three meal-a-day concepts, as well as chef-driven dining to cocktail-focused hospitality users.

The existing improvements include:
•	Fully built-out bar and dining room 
•	Large operable storefront systems opening to the street along Carpenter
•	Commercial kitchen with black iron hood infrastructure and cooking line 
•	Existing bar equipment and back bar millwork 
•	ADA restrooms
•	Rear back of house kitchen, as well as lower-level prep kitchen and walk-in cooler.
•	Lower-level storage/support space with direct interior access 
•	Strong corner identity and branding opportunities 
•	Excellent visibility from both vehicular, CTA, and pedestrian traffic 

The location offers immediate access to the Morgan CTA station, one of the busiest transit stops serving Fulton Market and the West Loop, with approximately 3,500 average weekday riders. Surrounded by dense residential development, boutique hotels, corporate office users, and nationally recognized dining concepts, the property sits within one of Chicago’s most active hospitality trade areas.

This is a rare opportunity to lease a highly improved, second-generation restaurant space with significant existing infrastructure in a premier Fulton Market location.

• Date available: May 2026
• Lease term: 5 - 10 Years
• Service type: Triple Net
• Built out as: Restaurants And Cafes
• Space Type: New