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Investment Highlights

  • Fully equipped second-generation restaurant with modern interior finishes.
  • Direct route to the Obama Presidential Center, expected to attract millions of visitors annually.
  • Located in Calumet Heights, a stable residential neighborhood with strong community presence and easy access to major thoroughfares.
  • Prominent frontage along Stony Island Avenue, a major north-south arterial.
  • Surrounded by established national retailers and local businesses, including Starbucks, Jewel-Osco, and KFC.
  • Ample on-site parking and convenient ingress/egress for customers.

Executive Summary

Positioned along the highly trafficked Stony Island Avenue corridor on Chicago’s South Side, this turnkey restaurant opportunity offers operators and investors a rare chance to acquire or lease a like-new, fully built-out freestanding restaurant with dedicated parking.
Formerly occupied by Huddle House, the property features a modern free-standing building that was developed within the last few years, presenting a clean slate for a new concept. The offering includes all existing FF&E, allowing for immediate occupancy with minimal downtime and significantly reduced startup costs. The layout is optimized for efficient service, accommodating dine-in, carryout, and potential delivery operations.
Situated on a prominent stretch of Stony Island Ave.—one of the South Side’s primary north-south thoroughfares—the site benefits from strong visibility, accessibility, and consistent vehicular traffic. Importantly, Stony Island serves as a direct arterial route to the future Obama Presidential Center in Jackson Park, one of the most anticipated developments in the country, expected to draw millions of annual visitors.
Ongoing and planned infrastructure improvements along the corridor—including roadway enhancements and potential lane expansions—are designed to support increased traffic flow and accessibility to the area, further strengthening the long-term positioning of this location.
The surrounding Calumet Heights area continues to see reinvestment and growing demand, with limited freestanding restaurant inventory available. 
This opportunity is well-suited for a wide range of concepts including quick-service, fast casual, full-service dining, or franchise expansion. With infrastructure already in place, operators can focus capital on branding and operations rather than construction.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,000 SF
Year Built
1990
Price
$3,207,350 CAD
Price Per SF
$1,069.12 CAD
Building Height
1 Story
Building FAR
0.07
Lot Size
1.01 AC
Zoning
PD 1412 - Planned Development

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,000 SF
  • Restaurant
  • -
  • Now

Positioned along the highly trafficked Stony Island Avenue corridor on Chicago’s South Side, this turnkey restaurant opportunity offers operators and investors a rare chance to acquire or lease a like-new, fully built-out freestanding restaurant with dedicated parking. Formerly occupied by Huddle House, the property features a modern free-standing building that was developed within the last few years, presenting a clean slate for a new concept. The offering includes all existing FF&E, allowing for immediate occupancy with minimal downtime and significantly reduced startup costs. The layout is optimized for efficient service, accommodating dine-in, carryout, and potential delivery operations. Situated on a prominent stretch of Stony Island Ave.—one of the South Side’s primary north-south thoroughfares—the site benefits from strong visibility, accessibility, and consistent vehicular traffic. Importantly, Stony Island serves as a direct arterial route to the future Obama Presidential Center in Jackson Park, one of the most anticipated developments in the country, expected to draw millions of annual visitors. Ongoing and planned infrastructure improvements along the corridor—including roadway enhancements and potential lane expansions—are designed to support increased traffic flow and accessibility to the area, further strengthening the long-term positioning of this location. The surrounding Calumet Heights area continues to see reinvestment and growing demand, with limited freestanding restaurant inventory available.  This opportunity is well-suited for a wide range of concepts including quick-service, fast casual, full-service dining, or franchise expansion. With infrastructure already in place, operators can focus capital on branding and operations rather than construction.

Space Size Space Use Position Available
1st Floor 3,000 SF Restaurant - Now

1st Floor

Size
3,000 SF
Space Use
Restaurant
Position
-
Available
Now

1st Floor

Size 3,000 SF
Space Use Restaurant
Position -
Available Now

Positioned along the highly trafficked Stony Island Avenue corridor on Chicago’s South Side, this turnkey restaurant opportunity offers operators and investors a rare chance to acquire or lease a like-new, fully built-out freestanding restaurant with dedicated parking. Formerly occupied by Huddle House, the property features a modern free-standing building that was developed within the last few years, presenting a clean slate for a new concept. The offering includes all existing FF&E, allowing for immediate occupancy with minimal downtime and significantly reduced startup costs. The layout is optimized for efficient service, accommodating dine-in, carryout, and potential delivery operations. Situated on a prominent stretch of Stony Island Ave.—one of the South Side’s primary north-south thoroughfares—the site benefits from strong visibility, accessibility, and consistent vehicular traffic. Importantly, Stony Island serves as a direct arterial route to the future Obama Presidential Center in Jackson Park, one of the most anticipated developments in the country, expected to draw millions of annual visitors. Ongoing and planned infrastructure improvements along the corridor—including roadway enhancements and potential lane expansions—are designed to support increased traffic flow and accessibility to the area, further strengthening the long-term positioning of this location. The surrounding Calumet Heights area continues to see reinvestment and growing demand, with limited freestanding restaurant inventory available.  This opportunity is well-suited for a wide range of concepts including quick-service, fast casual, full-service dining, or franchise expansion. With infrastructure already in place, operators can focus capital on branding and operations rather than construction.

Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100

Nearby Major Retailers

Starbucks
Jewel-Osco
Huntington Bank
Bank of America
Chase Bank
Citi

Property Taxes

Property Taxes

Parcel Number
25-01-324-040-0000
Land Assessment
$152,981 CAD
Improvements Assessment
$52,962 CAD
Total Assessment
$205,943 CAD
  • Listing ID: 40045062

  • Date on Market: 2026-04-06

  • Last Updated:

  • Address: 9421 S Stony Island Ave, Chicago, IL 60617

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