38 Turn Key Restaurants for Lease in Illinois, 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

Naperville Retail for Lease - Western East/West Corr

The subject property at 123 Water Street in Naperville consists of ground-floor restaurant space totaling approximately 4,808 square feet, including a private dining area of roughly 900 square feet. The building was constructed in 2016 as part of the Water Street development and is currently configured for food and beverage use. The property offers outdoor seating along the Naperville Riverwalk and direct access to a structured parking facility across the street. Indoor seating is designed for 119 patrons, and exterior seating accommodates 64. The site is situated within downtown Naperville, a mixed-use district that includes hospitality, retail, and dining destinations and provides connectivity to major regional routes and commuter rail service.

Date on Market:

2026-04-21

Countryside Retail for Lease - Eastern East/West Corr

1. Rare opportunity to lease the former Jameson’s Steakhouse in Countryside. This is a complete turnkey restaurant with all FF&E included in the lease. Separate bar area, wine room, video gaming room, and a large kitchen with 30’ of exhaust hoods for cooking. Both the restaurant and hotel have been newly renovated, this will be the flagship restaurant for the William Tell Hotel MOD Collection by Sonesta. 2. Entertainment venue/bar/restaurant available in the newly renovated Holiday Inn in Southwest suburbs. Vaulted ceilings with skylights, a large outdoor patio area, private party room and a thirty foot bar are just some of the highlights this space has to offer. Perfect for a brewery/winery, live entertainment venue, or dinner theater, this space must be seen to be appreciated.

Property Type:

Hospitality

Date on Market:

2026-04-10

Chicago Retail for Lease - South Chicago

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.

Date on Market:

2026-04-06

Chicago Retail for Lease - Gold Coast/Old Town

Located at 1525 N. Wells in the heart of Chicago’s vibrant Old Town neighborhood, this impeccably built, modern bar. This is a rare turnkey opportunity. The previous tenant operated with a full suite of licenses, including a corporate liquor license, PPA license, retail food license, and a sidewalk café permit. The space features approximately 6,578 square feet of interior space with an approved occupancy of 239 guests, plus seating for 42 on the sidewalk café. Boasting 50 feet of prime frontage along Wells Street, the property benefits from excellent visibility and heavy foot traffic, complemented by wide sidewalks ideal for outdoor dining. Inside, the main bar and dining area span an impressive 80’6” in depth and 49’8” in width, with 11-foot ceilings creating an open, airy atmosphere. The centerpiece is a striking rectangular bar offering 72 linear feet of service space—perfect for high-volume operations. This is a high-grossing, fully built-out venue in one of Chicago’s most sought-after hospitality corridors, ready for its next operator.

Date on Market:

2026-04-01

Peru Retail for Lease - I-39 Corr/LaSalle County

1830 4th Street in Peru, Illinois, presents a fully renovated mixed-use investment property featuring one retail/restaurant space and two leased residential apartments. The property underwent a complete remodel in 2024, including new roof, windows, HVAC systems, water heaters, and electrical panels. The retail space, measuring approximately 2,200 square feet, is designed as a turnkey restaurant with a new wood-fired pizza oven, ADA-compliant restrooms, and a fully equipped kitchen. The two upper-level apartments are fully leased, providing immediate in-place income. Apartment 1 offers 2,200 square feet with two bedrooms and two full bathrooms, while Apartment 2 includes 1,400 square feet with two bedrooms and 1.5 bathrooms. Both units feature laundry facilities and modern finishes.

Date on Market:

2026-03-25

Fairview Heights Office/Retail for Lease - Illinois

The property at 5801 Old Collinsville Road in Fairview Heights, Illinois, is an office/retail building constructed in 2001 and situated on a 0.87-acre lot. The building totals 8,000 SF, with 2,800 SF currently available for lease. The site is zoned B-3 and is located along Old Collinsville Road, providing visibility and access to surrounding commercial and residential areas. The property underwent a roof replacement in 2025.

Property Type:

Retail

Date on Market:

2026-03-23

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

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

Pontoon Beach Retail for Lease - Illinois

This former Denny’s building presents a prime franchise opportunity in a high-traffic, high-visibility location directly on State Highway 111, with immediate access to major interstates including I-270, I-70, I-255, I-203, and Hwy 3. Surrounded by well-known hotels and situated in a rapidly growing retail, hospitality, and industrial corridor, the property benefits from strong demographics and consistent consumer demand within a 5-mile trade area. It sits across from a newly built 543,000+ SF Amazon distribution center and is minutes from residential neighborhoods and shopping hubs. The free-standing building features a 180-seat capacity with approximately 45 tables, a 1.3-acre lot with 84 on-site parking spaces, and a $5,400/month NNN lease. All restaurant equipment and inventory remain on-site throughout the lease term. Zoned B-2 (General Business), the space is ideal for diner, family-style, fast casual, or full-service restaurant concepts, offering excellent signage potential and infrastructure including 5-200 amp electrical service and three 10-ton rooftop HVAC units. Perfect for national brands, emerging concepts, or experienced operators seeking strategic expansion.

Date on Market:

2025-08-01

South Elgin Retail for Lease - Western East/West Corr

TURN-KEY FULLY FIXTURED RESTAURANT AVAILABLE. 4,343 SF. Retail space in active center anchored by Brianna's Pancake Cafe, Dogtopia, and Critter's Pet Shop. Additional tenants include Masala Dabba Market (coming Q1 2025), The Blend, and Katies Nails. Available spaces offer prominent facade signage and flexible unit layouts. Center is ideal for retail, restaurant, medical, fitness and service tenants. Convenient location in the heart of the South Elgin Randall Rd retail corridor between Silver Glen Rd & Thornwood Ave. The center is shadow anchored by Super Target and Angelo Caputo's Fresh Market, and is surrounded by national retailers including Home Depot, Best Buy, Ross Dress for Less, Staples, Kohls, PetSmart, TJ Maxx, Buffalo Wild Wings, Chili's and many more.

Date on Market:

2024-10-22

Long Grove Retail for Lease - Central Northwest

Date on Market:

2025-05-12

Evanston Retail for Lease - Near North

636 Church Street, known as The Carlson Building, is a distinguished eight-story condominium situated in the heart of downtown Evanston, directly across from the Evanston Public Library and only a short block from Northwestern University's campus. This historic high-rise offers spacious four-bedroom, one-bath apartments averaging approximately 1,182?sq?ft, featuring gleaming hardwood floors and an open-concept kitchen and living area ideal for gatherings. Constructed in 1925, the building sits on a generous 0.57-acre parcel and last changed ownership in 1993 for $3.2?million.

Property Type:

Office

Date on Market:

2025-04-29

Bartlett Office/Retail, Retail for Lease - Far Northwest

Three Prime Retail/Office Spaces Available In The Heart Of Downtown Bartlett, IL Located at 314-330 S Main St, Bartlett, IL 60103, this well-positioned retail and office center offers three versatile spaces ideal for a range of businesses. The available units include: * Space 314 For Lease $1,950/Mth: A split-level unit with a total of 1,150 sqft (575 sqft first floor + 575 sqft lower level), offering flexibility for various layouts. * Space 316 For Lease (Inquire For $/Mth): A 2,028 sqft unit in the rear of the building, fully gutted and ready to be built-out. * Space 326 For Lease $9,000/Mth: A 3,291 sqft fully renovated, built-out and equipped restaurant with bar, plus private area for gaming as well as a 575 sqft on the lower level for private events and parties. These spaces are part of a bustling strip center with steady foot and heavy vehicle traffic. And is connected to another strip center (under separate ownership) which further enhances its visibility and customer draw. Unbeatable Location in a Growing Market: Bartlett is a thriving suburban community within the Chicago metropolitan area, known for its strong economic base, excellent demographics and high quality of life. Demographics & Economic Strength: * The population of Bartlett is over 41,000 residents, with a diverse and growing mix of professionals, families and business owners. * Median household income exceeds $114,000, significantly higher than state and national averages, indicating a strong local customer base with disposable income. * The workforce is highly educated, with nearly half of the adult population holding a bachelor's degree or higher. * With these factors in place, the village has become an attractive hub for businesses seeking stable, long-term success. Market Potential for Retail & Office Use: Bartlett’s strong commercial landscape supports businesses of all types, making this an ideal location for retail shops, office spaces, service-based businesses, and more. Key advantages for businesses locating here include: * Strategic Visibility & Accessibility – The property is located along S Main St, a key corridor in Bartlett with strong traffic counts * Walking distance to the Bartlett Metra Station (Milwaukee District West Line) * Surrounded by a mix of local restaurants, boutiques, services and businesses * Consistent Foot Traffic – Neighboring businesses * Strong daytime population and commuter traffic from Metra riders * Supportive Business Environment – Bartlett is home to 3 business parks and an ongoing commitment to commercial development, providing a strong foundation for business growth * In close proximity to residential neighborhoods with stable and growing households * Minutes from major thoroughfares including Lake St (US 20), Sutton Rd (Route 59), Stearns Rd and Army Trail Rd * Easy access to Elgin, Streamwood, Hanover Park and Schaumburg * Strong daytime population and commuter traffic from Metra riders With a diverse economic base that includes wholesale trade, manufacturing, and educational services, Bartlett provides a steady customer base for new and existing businesses. Thriving Community & Amenities Bartlett offers a high standard of living that attracts both residents and business owners. Some Highlights Include: * Education Excellence – The village is served by Elgin Unit School District U-46, providing top-rated schools that draw families to the area. * Recreational Opportunities – The Bartlett Park District manages over 380 acres of parkland, along with a network of bike paths, golf courses and a ski facility. * Ongoing Development – The village continues to invest in downtown revitalization and business-friendly initiatives that enhance its appeal as a commercial destination. The available spaces at 314-330 S Main St offer an unparalleled opportunity for businesses looking to establish, expand or relocate within a thriving suburban market. An Opportunity For Business Growth: * Fully built-out and equipped restaurant with bar, private gaming area and private party room * Two other spaces ideal for a retail store, medical office, professional service or specialty business * Strong demographic and income base to support long-term success * Surrounded by established businesses that drive traffic and awareness * Flexible space configurations allow businesses to customize their layout If you're looking for prime retail or office space in a high-traffic, business-friendly location, 314-330 S Main St in Bartlett, IL is the perfect choice. Take advantage of this rare opportunity to position your business for success in one of the most desirable suburban markets in the Chicagoland area. Listed by Ted Aretos at EatZ & Associates / EatZ Real Estate Group LLC

Date on Market:

2026-03-17

Bridgeview Retail for Lease - Near South Cook

Date on Market:

2025-08-12

Oswego Retail for Lease - Western East/West Corr

Don't miss this fantastic opportunity to take over a turn-key restaurant! Introducing "The Dairy Barn," a fully equipped dining establishment ready for immediate operation. Ideal for a variety of concepts including a breakfast spot, ice cream parlor, or fast casual dining—bring your unique idea to life! This opportunity includes access to all current equipment, furniture, a party room, decor, and much more. The building, just two years old, boasts a new hood system, HVAC, cooler/freezer combination, ice cream machines, and state-of-the-art kitchen equipment. Everything you need to start your culinary venture is right here...waiting for you!

Date on Market:

2024-05-03

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 - 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

Naperville Medical, Retail for Lease - Western East/West Corr

Retail and restaurant space available in attractive masonry retail center anchored by Michael's arts and crafts. Strong co-tenancy including highly successful Kiku Japanese Steakhouse, Sho Korean BBQ, Bernina, The Fun Playce and Legacy Physical Therapy. The center offers excellent visibility from Aurora Ave uninhibited by outlots, and excellent access with signaled entrance. Ideal location for Restaurant, retail, showroom, children's enrichment, education, medical and service tenancy. The property situated in the Heart of the Naperville retail corridor, just east of Rt 59 on Aurora Ave. The property is positioned across from Block 59, a next-gen dining and entertainment destination featuring Cheesecake Factory, Piccolo Buco, Ruth's Chris Steak House , Yard House, First Watch, Shake Shack, Stans Donuts, Cava, Lazy Dog and More. It is also than 1/2 miles from Fox Valley Mall, a 1.5 million square foot enclosed regional mall anchored by Macy’s and JCPenney and 1,000 new apartments, and is surrounded by best in class national retailers including Target, Meijer, Best Buy, PetCo, Ulta Beauty and many others. The Property is shadow-anchored by Menards, driving significant consumer traffic to the center. Strong traffic counts with more than 21,000 VPD on Aurora Ave and more then 80,000 VPD at the intersection of Aurora Ave & Route 59.

Date on Market:

2025-12-11

Chicago Retail for Lease - South Chicago

List of provided equipment: (1) - Stainless Steel Commerical Kitchen Range Hood and Extractor. (15' x 5') (2) – Grease Traps(1) - Stainless Steel Grill. (3.5’ x 2.5’) TEC ® (1) - Stainless Steel Flat Grill (3' x 2') APW-Wyott ® (1) - Stainless Steel Deep Fryer (2.5' x 1.5') Vulcan ® (1) - Stainless Steel Large Triple Sink. (7' x 2') AERO ® (1) - Stainless Steel Large Table with Mini Sink (9' x 2') (1) - Stainless Steel Ice Maker (6' x 3') Manitowoc ® (1) - Stainless Steel Table. (5' x 2.5') (1) - Stainless Steel Wheeled Table. (4' x 2') (1) - Stainless Steel Produce Table. (3.5' x 2') (1) - Stainless Steel Hand Was Sink for Cooks. (1.5' x 1.5') (1) - Stainless Steel Steam Tables. (5' x 3') NSF7 ® (1) - Stainless Steel Burner Stove with Integrated Oven. (3' x 2') Royal ® (1) - Stainless Steel Shelf. (10' x 1') (2) - Stainless Steel Commercial Refrigerator/Freezers.: 2 (7' x 4') TMC True ® (1) - Stainless Steel Commercial Freezer. (7' x 2') Traulsen ® (4) - Stainless Steel Wall Sheets. (7' x 4') (1) - Stainless Steel Commercial Refrigerator. (5' x 2.5') Imperial ® (1) – Plastic Utility Mop Sink (2’ X 2’)

Date on Market:

2026-04-24

Romeoville Retail for Lease - Joliet/Central Will

This freestanding restaurant offers a prime sublease opportunity in Romeoville, Illinois, directly off the I-55 interchange. The property provides excellent visibility to over 121,000 vehicles per day and sits adjacent to Lifetime Fitness and three hotels totaling more than 200 rooms, creating a built-in customer base. The 2,997 SF building accommodates a wide range of approved uses and is equipped for immediate restaurant operations. Its position at the entrance to a vibrant retail corridor ensures strong traffic flow, supported by popular brands such as Cracker Barrel, Popeye’s, and McDonald’s in the immediate vicinity. Generous surface parking is available, and the site offers easy access from Weber Road and Lakeview Drive. Tenants benefit from strong regional demographics with an average household income exceeding $117,000 within one mile, growing to nearly $149,000 within five miles. Occupy a location designed for both visibility and convenience, situated in a thriving commercial and residential hub.

Date on Market:

2026-04-17