19 Turn Key Restaurants for Lease in Chicago, IL, USA

Chicago Retail for Lease - River North

Located in Chicago's River North district, this second-generation restaurant space presents a unique opportunity for businesses. 10 W Hubbard Street presents a prime opportunity for restaurants seeking their next location. This ground-level space is equipped with a range of notable amenities designed to attract restaurateurs. Expansive bi-fold windows open onto a scenic sidewalk café area, providing businesses the ability to benefit from increased patronage during warmer months. The spacious dining room includes a 35-foot bar and boasts a total occupancy of 175 persons. The property features an efficient layout with a fully appointed kitchen that includes a 14-foot hood, dedicated prep and service stations, two walk-in coolers, liquor and dry storage rooms, and a vented dishwashing area. An additional 602-square-foot storage room in the basement offers a large walk-in cooler (6 feet by 6 feet) as well as extra office space. City liquor, food, and PPA licenses are also available for purchase. This restaurant space for lease enjoys a prime location at the center of Chicago’s North River district. Known for its modern appeal, North River draws visitors with its vibrant arts scene and boasts one of the largest clusters of art galleries in the United States outside Manhattan, especially within the River North Gallery District. The neighborhood's dining and nightlife are as varied and impressive as its artistic offerings, presenting a wide range of restaurants, bars, and clubs to suit any preference. River North also has a strong tech presence, attracting professionals with major companies like Google running regional offices here. Notable attractions include the Chicago Riverwalk, the trendy Eataly marketplace, and the historic Green Door Tavern. Area demographics further bolster this neighborhood with a population steadily rising and noteworthy average incomes of $153,058 within a 1-mile radius. The area features a highly educated population, with 80% of residents within a 2-mile radius holding at least a bachelor's degree. Furthermore, this same area encompasses over 591,000 employees.

Property Type:

Office

Date on Market:

2026-02-02

Chicago Retail for Lease - Fulton Market/Near West Side

310 S. Halsted is ideally situated in the heart of Chicago’s dynamic West Loop/Fulton Market corridor, just steps from the University of Illinois at Chicago campus. Over the past decade, the neighborhood has experienced some of the strongest population and income growth in the country. Within a half-mile radius, the population now exceeds 19,000 residents, with an average household income of more than $182,000 annually. Between 2015 and 2025, more than 10,000 luxury apartment units are projected to be delivered, underscoring the area’s rapid evolution into a premier destination for upscale living and vibrant commercial activity. Since 2014, approximately 8 million square feet of new office space has been developed, substantially increasing the daytime population and further energizing the neighborhood. The property also offers exceptional connectivity, with convenient access to I-90/94, the CTA Blue Line, nearby Metra stations, and multiple CTA bus routes.

Date on Market:

2026-03-04

Chicago Retail for Lease - Northwest City

Refer to the Available Space tab for more on this lease assignment and asset sale.

Property Type:

Multifamily

Date on Market:

2026-02-16

Chicago Retail for Lease - South Chicago

This offering is for the sale of a fully built-out restaurant business and its assets only. The real estate is not for sale.Buyer will acquire the FF&E, improvements, licenses (to the extent transferable), and assume the existing restaurant lease, subject to landlord approval. This is a rare opportunity to step into a high-quality, second-generation restaurant space with substantial infrastructure already in place. Confidential offering. NDA required. Do not disturb employees.

Date on Market:

2026-01-12

Chicago Office/Retail, Retail for Lease - River North

A gem restored to its original beauty in the heart of River North on the highly visible corner of LaSalle St. and Ohio St. Features an existing restaurant buildout on the first floor, and open floor plans on the upper floors and the lower level. The building has gorgeous polished concrete floors and towering 12' high ceilings, which soar to over 16' on the top level. There are breathtaking skyline views in multiple directions on every floor, even the lowest. The top 7th floor is unmatched with 360 degree skyline views and two huge skylights. The rooftop can be built out to capture the value of the spectacular Chicago skyline views on full display in every direction. This building seeks a multi-floor or full- building tenant to make this historic property its home. With windows on all four sides and three neighboring hotels, it is a perfect site for a residential or boutique hotel build-out.

Date on Market:

2025-12-29

Chicago Retail for Lease - North Branch/Goose Island

Two story mixed-use building in vibrant Bucktown neighborhood with lots of pedestrian and vehicular traffic.

Date on Market:

2025-10-23

Chicago Retail for Lease - South Chicago

SVN Chicago Commercial is pleased to offer 2859 W. Cermak Rd. FOR LEASE. The subject property is a 1,400 square foot turnkey restaurant space located in Chicago’s vibrant Little Village neighborhood. Positioned along busy Cermak Road, the site benefits from excellent visibility, strong pedestrian activity, and over 28,000 vehicles per day. The property also offers the potential for 1–2 parking spaces or a patio in the rear, providing valuable flexibility for future operators. SVN Chicago Commercial is pleased to offer 2859 W. Cermak Rd. FOR LEASE. The subject property is a 1,400 square foot turnkey restaurant space located in Chicago’s vibrant Little Village neighborhood. Positioned along busy Cermak Road, the site benefits from excellent visibility, strong pedestrian activity, and over 28,000 vehicles per day. The property also offers the potential for 1–2 parking spaces or a patio in the rear, providing valuable flexibility for future operators. Existing kitchen equipment also available, terms negotiable.

Date on Market:

2025-10-21

Alsip Retail for Lease - Near South Cook

Property Description: Our shopping center in Alsip, IL, is conveniently located near the intersection of S. Pulaski Road and 122nd Street. Our shopping center is supported by a strong community and high traffic counts, making it an ideal location for businesses to grow and expand their customer base. Turnkey restaurant and hair salon coming soon. Join our community and grow your business with us. Location Description: Our commercial real estate property is located near popular retailers, including Food4Less, Walgreens, AutoZone, Family Dollar, Chase Bank, Jewel-Osco, Burger King, and Aldi, with a high trac count of 55,800 ADT. Our location offers excellent visibility and exposure for businesses looking to attract new customers. Supported by a strong community, ample parking, and easy accessibility, it's the ideal place to grow your business. Minutes to Downtown Chicago.

Date on Market:

2025-02-02

Chicago Office, Retail for Lease - South Chicago

Fully Equipped Restaurant in a Thriving Walkable District This newly built-out ±2,175 SF restaurant space offers a rare turnkey opportunity for restaurant operators seeking a fully equipped, move-in ready location. With a full commercial kitchen, walk-in cooler, and dine-in seating, the space is ready for immediate use saving time and upfront investment.

Date on Market:

2025-04-21

Bridgeview Retail for Lease - Near South Cook

Date on Market:

2025-08-12

Chicago Retail for Lease - Northwest City

Purchase or lease this mixed-use building situated on three lots, just off Elston and Lawrence Aves., near hwy. 90/94. The opportunity boasts a turn-key restaurant and two-bedroom apartment, as well as a nine-car lot. This is an ideal investment property with value-add options or for an owner/operator with an income-producing apartment. The property also has development potential by increasing it's dwelling footprint by fourteen units or adding a drive-thru. The restaurant features a 20' hood, walk-in cooler, and an expansive patio. The dwelling unit features a spacious updated two-bedroom apartment. Refer to links below for more info on this and other hospitality listings, including restaurants, bars/taverns, entertainment venues, breweries, dispensaries and much more. Stay in the know and receive the latest by joining our email list and private Facebook Group page by visiting our website or clicking the links below.

Date on Market:

2023-09-01

Chicago Retail for Lease - River North

Surrounded by numerous retailers such as Fairground Coffee, Wildfire, GT Prime and many more. Excellent visibility with great pedestrian and vehicle traffic counts

Property Type:

Office

Date on Market:

2023-06-02

Chicago Retail for Lease - North Michigan Avenue

Second generation, turn-key restaurant and bar available in the Sonesta ES Suites. This beautiful space is fully furnished and equipped ready for your concept. Located just steps from the world famous Magnificent Mile on a quaint "Gold Coast" street, the restaurant is surrounded by hotels and luxury residences. The space features 50' of frontage with a private patio for al fresco dining, seating over thirty seats to accompany the high occupancy inside and a private egress separate from the hotel. Other features include a large kitchen with multiple hoods for catering potential as the property is conveniently located near the Michigan Avenue Lake Shore Drive on and off ramp. Refer to links below for more info on this and other hospitality listings, including restaurants, bars/taverns, entertainment venues, breweries, dispensaries and much more. Stay in the know and receive the latest by joining our email list and private Facebook Group page by visiting our website or clicking the links below.

Property Type:

Hospitality

Date on Market:

2022-10-11

Chicago Retail for Lease - Fulton Market/Near West Side

The property at 324-328 S Racine Ave is located in Chicago’s West Loop submarket, near Interstate-290 and within close proximity to Randolph Street. The site is positioned near major retail and dining establishments, including Whole Foods, Target, and numerous restaurants. The surrounding area includes the Illinois Medical District and the University of Illinois at Chicago. The property is zoned C1-3 and offers visibility from a major interstate with significant daily traffic counts.

Property Type:

Multifamily

Date on Market:

2026-03-25

Chicago Retail for Lease - Lincoln Park

Located at 2956 N Sheffield in the heart of Chicago’s vibrant Lakeview neighborhood, this corner 2nd generation restaurant benefits from exceptional visibility and steady foot traffic. Positioned just steps from the Southport Corridor and a short walk to Chicago Cubs games at Wrigley Field, the location captures year-round activity from residents, visitors, and sports fans alike. Nearby demand generators include Advocate Illinois Masonic Medical Center, a major regional employer drawing thousands of employees, patients, and visitors daily, is directly across the street. Within a ½-mile radius, the area features a dense population base of 24,000 and household incomes above $205,000. Proximity to DePaul University further supports steady daytime and evening traffic. Strong public transit access via the Wellington CTA Brown station and Red Lines enhances accessibility, making this an ideal high-exposure location for a thriving restaurant concept.

Date on Market:

2026-03-09

Chicago Retail for Lease - River North

Located at 613 North Wells Street, Chicago, IL, 60654, this exceptional property offers an unparalleled opportunity for a turn-key 2nd gen restaurant. With prime visibility in one of Chicago's most sought-after locations, this space is perfectly suited for a new restaurant or culinary concept. Boasting modern amenities and a highly desirable layout, this property presents an ideal canvas for culinary entrepreneurs seeking to make their mark in the city's vibrant dining scene. Take advantage of the hottest area in Chicago for new restaurants with this prime lease opportunity.

Property Type:

Hospitality

Date on Market:

2026-02-11

Chicago Retail for Lease - Northwest City

Prime Turn Key restraurant & Retail Opportunity | Logan Square 2165-2171 N. Milwaukee Ave, Chicago, IL 3000 square feet 13,500 modified gross. Turnkey Condition | Divisible Footprint | Outdoor Patio | Dedicated Parking Situated in the heart of Logan Square’s iconic Milwaukee Avenue corridor, this property offers a rare "plug-and-play" opportunity for operators seeking high visibility and elite foot traffic. The space is currently configured as a high-end restaurant and bar, but its flexible layout makes it a premier candidate for flagship retail, creative showrooms, or boutique service concepts. Maximum Flexibility: Single or Dual-Tenant Layout Unique to this offering is the property’s ability to scale. The building is comprised of two distinct spaces that can be leased in their entirety for a significant brand presence or demised into two separate, independent storefronts. Note to Prospective Tenants: Please refer to the attached floor plans to view the potential demising lines and entrance configurations. Turnkey Infrastructure: Fully equipped commercial kitchen featuring professional-grade appliances, venting, and prep areas. Architectural Features: A designer-built bar serves as a focal point, complemented by a versatile open floor plan. -Premium Outdoor Amenity: Includes a private outdoor patio, providing a competitive edge for hospitality or enhanced retail display. -Logistics & Storage: Includes a substantial basement level, offering ample square footage for inventory, back-of-house operations, and storage. -Dedicated Parking: Rare, on-site parking is included with the lease, providing a significant competitive advantage for staff and operations in this high-density corridor. -Parking & Accessibility In addition to the property’s high walkability, this listing includes dedicated off-street parking. This rare Logan Square amenity ensures: Operational Efficiency: Easy access for deliveries, loading, and unloading. Staff/Tenant Convenience: Private parking located on-site, a premium luxury on Milwaukee Avenue. Multi-Modal Access: Perfectly positioned for customers arriving via the nearby CTA Blue Line, bike, or vehicle. -Location Overview Positioned on Milwaukee Avenue, the property is surrounded by a world-class mix of Michelin-rated restaurants, national retailers, and independent boutiques. This location benefits from dense residential demographics and heavy daily transit, ensuring consistent morning-to-night visibility.

Date on Market:

2026-02-04

Chicago Retail for Lease - River North

343 W Erie is a 5,820 SF fully built-out, turn-key restaurant space featuring a full kitchen, expansive bar, dinning room, and available for immediate occupancy. Located at the highly visible southeast corner of Erie Street and Orleans Street in the heart of River North, the property is surrounded by a strong lineup of destination retailers and restaurants including Sifr, Ground Up Coffee & Bites, Mr. Beef, Fairgrounds Coffee, Obelix, and Club Lago. The space benefits from excellent exposure and high vehicle traffic, positioned just one block north of the Ohio Street feeder ramp. River North is one of Chicago’s most vibrant and dynamic dining and entertainment districts, known for its dense concentration of acclaimed restaurants, nightlife, galleries, and residential towers. The neighborhood attracts a strong mix of local residents, office workers, and tourists, creating consistent day-to-night foot traffic. With immediate access to major transportation corridors, public transit, and nearby hotels, River North offers exceptional visibility and built-in demand for food and beverage operators seeking a high-profile urban location.

Property Type:

Office

Date on Market:

2026-01-22

Burbank Retail for Lease - Near South Cook

This steak house restaurant-bar-banquets with video gaming offers 7,218 +/- SF plus 3,000 SF partial basement with high flexicore ceiling.

Date on Market:

2024-12-05