420 W Belmont Ave
Chicago, IL 60657 Lakeview

TURNKEY RESTAURANT OPPORTUNITY | EAST LAKEVIEW | BELOW-MARKET LEASE
2,176 SF | 80 Seats | Ground Floor | 42-Story High-Rise

Rare opportunity to assume a below-market lease in one of Chicago’s strongest dining corridors, with current total gross rent of approximately $5,600/month compared to submarket averages exceeding $7,400/month NNN for comparable restaurant spaces.  PLEASE NOTE: This is not a free lease takeover. The business is for sale and will need to be sold with the lease. Additional details will be provided to qualified parties only.

Situated along a high-traffic corridor with approximately 18,000–25,000 vehicles per day, the location benefits from dense surrounding residential population, commuter traffic from Lake Shore Drive, and close proximity to Belmont Harbor, the Lakefront Trail, and Wrigleyville.

The premises were extensively improved in 2020, with over $600,000 invested in the space, including a fully built-out commercial kitchen, a draft beer line system, interior improvements, branding elements, and operational infrastructure. The space also includes two ADA-compliant restrooms, one dedicated garage parking space, and a recently renewed liquor license.

Additional intangible and operational assets may be available in connection with the lease assignment, including branding, marketing infrastructure, customer database, digital assets, recipes, and social media presence.

The restaurant remains open and operating. Interested parties are encouraged to visit the restaurant as customers before requesting additional information. Please do not contact ownership or on-site staff directly. All inquiries must remain confidential, as staff have not been informed of the potential transition.

NDA required prior to release of financials or confidential business information. Ownership will consider only qualified, experienced operators with strong financial qualifications.

For additional information, qualified parties may contact:  Tuyen Nguyen - tuyenN@crer.com