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400 E Randolph St
Chicago, IL 60601
Retail Property For Sale
Investment Highlights
- Second Generation Restaurant
- Kitchen Equipment Included
- Restaurant
Executive Summary
KW Commercial is pleased to present the opportunity to acquire a thriving restaurant space located at 400 E Randolph St, #728, in the prime Lakeshore East area of downtown Chicago. Boasting 2,436 SF of retail space, this long-standing establishment features a fully equipped kitchen with a Type-1 Hood system, a separate entertainment/dancing area, a dining room, and a full bar. Patrons can enjoy karaoke nights on the stage complete with professional sound and lighting. The restaurant's unique selling points include a private outdoor patio offering stunning views of the Chicago skyline, full bar, high ceilings, private parking, and its convenient location within the building, catering to both the 940 residential units within the building and external clientele. With its liquor license and delectable menu, this establishment promises a lucrative investment opportunity in one of Chicago's most sought-after dining destinations.
1 Unit Available
Unit 728
| Unit Size | 2,436 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail |
| Unit Size | 2,436 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
Description
Second-Generation Restaurant Condo
Sale Notes
Exclusive Restaurant for Sale – Luxury Lakeshore East, Chicago
KW Commercial is pleased to present an exceptional opportunity to acquire Seven Restaurant, a well-established dining venue located within the prestigious 400 East Randolph building in Chicago's luxurious Lakeshore East neighborhood. This 2,425-square-foot commercial condominium is offered at $625,000, inclusive of the real estate, the thriving business, and all furniture, fixtures, and equipment (FF&E).
Property Highlights:
- Prime Location: Situated on the seventh floor of the 954-unit 400 East Randolph residential high-rise, a building renowned for its world-class amenities, including a pool, workout facility, spa, nail salon, library, basketball court, and more. The restaurant is ideally positioned next to the elevators, spa, and gym entrances, ensuring consistent foot traffic from residents and guests.
- Private Outdoor Seating with Breathtaking Views: The restaurant boasts an exclusive outdoor dining area on the seventh-floor deck, offering unparalleled panoramic views of Millennium Park to the south and the stunning new high-rises of Lakeshore East to the north and west.
- Established Presence: Serving the community for over twenty-two years, Seven Restaurant is a citywide staple, regularly hosting weekend events that attract patrons from across Chicago.
- Comprehensive Offering: The sale includes food and liquor licenses, a spacious kitchen, private office, dedicated computer room with Matrix CAT-6 cabling, and a brand-new stage with professional lighting for live performances and karaoke.
- Modern Upgrades: Recent improvements include new sinks, grill, fryers, extensive shelving, LED lighting, and an updated building HVAC system. The black iron and hood are serviced weekly to maintain optimal operational efficiency.
- Efficient Operations: Low operating expenses, with heat and air conditioning provided via the association. The property also offers both covered and uncovered private parking options.
- Iconic Pool & Amenities: The building is home to one of Chicago’s most beloved pools, a year-round outdoor pool covered by a striking glass dome, widely regarded as an institution among city residents.
Unmatched Location & Surrounding Attractions:
Located directly across the street from Millennium Park, Seven Restaurant enjoys direct, unobstructed views of Chicago’s most celebrated urban oasis. Millennium Park, a world-renowned cultural and recreational destination, offers:
- Cloud Gate ("The Bean") – Anish Kapoor’s iconic reflective sculpture.
- Jay Pritzker Pavilion – A Frank Gehry-designed concert venue hosting free public performances and major music events.
- Crown Fountain – A popular interactive LED/video sculpture and fountain featuring the faces of Chicago residents.
- Lurie Garden – A beautifully landscaped 3.5-acre urban garden.
- Maggie Daley Park – Featuring a climbing wall, mini-golf, ice-skating ribbon in the winter, and roller skating in warmer months.
Additionally, the property is minutes from Chicago’s most distinguished commercial corridors:
- The Magnificent Mile, home to luxury brands such as Louis Vuitton, Gucci, Burberry, Chanel, Rolex, and Tiffany & Co., along with high-end department stores like Neiman Marcus and Saks Fifth Avenue.
- The Chicago Riverwalk, a vibrant pedestrian-friendly stretch lined with waterfront restaurants, bars, and boutique shops.
- Renowned Hotels & Hospitality, including the Waldorf Astoria, The Langham, The Peninsula, and The Four Seasons.
- High-End Residential & Mixed-Use Towers, including St. Regis Chicago, One Chicago, and The Residences at 900.
- Nearby National Tenants & Fine Dining Establishments, such as Gibsons Bar & Steakhouse, Prime & Provisions, Avli on The Park, and RPM Seafood.
Investment Opportunity:
This is a rare opportunity to acquire a turnkey restaurant operation in one of Chicago’s most sought-after locations. With its established reputation, modern amenities, and prime positioning amidst a thriving residential and commercial community, Seven Restaurant is positioned for continued success under new ownership.
For more information or to schedule a private viewing of this exceptional offering, please contact us:
KW Commercial
?? 312.730.2029 | ?? MRegalado@KWCommercial.com
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Property Facts
| Total Building Size | 1,368,143 SF | Typical Floor Size | 30,318 SF |
| Property Type | Multifamily (Condo) | Year Built | 1963 |
| Property Subtype | Apartment | Lot Size | 2.45 AC |
| Building Class | B | Parking Ratio | 0.18/1,000 SF |
| Floors | 40 | ||
| Zoning | PUD70 - Zoning letter is in "DOCUMENTS" | ||
| Total Building Size | 1,368,143 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 40 |
| Typical Floor Size | 30,318 SF |
| Year Built | 1963 |
| Lot Size | 2.45 AC |
| Parking Ratio | 0.18/1,000 SF |
| Zoning | PUD70 - Zoning letter is in "DOCUMENTS" |
Amenities
Site Amenities
- 24 Hour Access
- Concierge
- Fitness Center
- Pool
- Sauna
- Security System
- Elevator
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 940 | - | - |
