43 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

Chicago Retail for Lease - Northwest City

Prime 2,400 SF commercial space located on highly trafficked Irving Park Road in Chicago's Lakeview/Wrigleyville neighborhood. Formerly occupied by a restaurant, the space offers excellent visibility, prominent street frontage, and flexible B3-2 zoning that accommodates a wide range of retail, restaurant, office, fitness, entertainment, and service uses. Surrounded by dense residential housing, established businesses, and strong neighborhood demographics, the property benefits from consistent pedestrian and vehicle traffic. Conveniently located near Wrigley Field, the Southport Corridor, CTA transit, and major thoroughfares, providing exceptional accessibility for customers and employees alike. Ideal opportunity for an owner-user or tenant seeking a high-exposure location in one of Chicago's most vibrant commercial corridors.

Date on Market:

2026-06-22

Chicago Retail for Lease - Lincoln Park

Prime Lakeview East restaurant space at the signalized corner of Broadway & Cornelia. Existing second-generation restaurant with full kitchen infrastructure, hood, black iron, grease trap, and existing plumbing. High-visibility corner with strong foot traffic, dense residential population, and immediate access to public transit. Ideal for fast-casual, café, bakery, or neighborhood restaurant concepts.Close to Wrigley Field, Mariano's Jewel, and the Belmont CTA station

Date on Market:

2026-06-16

Chicago Retail for Lease - Northwest City

Rare opportunity to lease a turnkey restaurant space in the heart of Chicago’s highly desirable Bucktown neighborhood. Located at 2010 N. Damen Avenue, this approximately 1,100-square-foot commercial space is fully built out for food service and ideally suited for a quick-service restaurant, café, specialty food concept, or grab-and-go operator.

Date on Market:

2026-06-08

Chicago Retail for Lease - North Branch/Goose Island

Fully improved restaurant opportunity available at 1450 West Webster Avenue in the heart of Chicago’s thriving Lincoln Park trade area. The turnkey ground-floor space features an existing restaurant buildout including a small bar, full commercial kitchen, and a fully improved basement equipped for storage, refrigeration, prep, and dishwashing operations. The property offers ±39' of prime frontage along West Webster Avenue with the ability to incorporate a substantial outdoor dining component, creating exceptional street presence and customer visibility. The location benefits from strong surrounding demand drivers including Webster Place, the new Advocate Outpatient Center, and nearby DePaul University, while offering convenient access from across the city via nearby major thoroughfares and public transportation.

Date on Market:

2025-10-23

Chicago Retail for Lease - Lincoln Park

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. 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 into the space, including a fully built-out commercial kitchen, 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. Ideal opportunity for an experienced restaurant operator, hospitality group, café concept, cocktail lounge, or experiential food-and-beverage user seeking a high-visibility turnkey location with favorable lease economics. The restaurant remains open and operating. Interested parties are encouraged to visit the restaurant as a customer prior to requesting additional information. Please do not contact ownership or on-site staff directly. All inquiries must remain confidential, as staff has not been informed of the potential transition. PLEASE NOTE: This is not a free lease takeover. A separate purchase price is required for the existing restaurant buildout, furniture, fixtures, equipment, liquor license, branding, operational infrastructure, and related business assets (“Key Money”). Additional details will be provided to qualified parties only. NDA required prior to release of financials or confidential business information. Ownership will only consider qualified, and experienced operators with strong financial qualifications. For additional information, qualified parties may contact: Tuyen Nguyen - tuyenN@crer.com

Property Type:

Multifamily

Date on Market:

2026-05-20

Wheaton Retail for Lease - Western East/West Corr

Unit 230 at 222-230 W Front St is a fully built-out, 2nd generation restaurant space occupying the endcap position at the hard corner of Front Street and Wheaton Avenue — the geographic and commercial center of Downtown Wheaton. Space & Buildout 4,000 SF endcap, turn-key restaurant buildout Exposed wood beam ceilings, full bar, dining room buildout, and AV infrastructure already in place Lease Rate: Negotiable | NNN Expenses: $5.00/SF Location Highlights Hard corner at the center of Downtown Wheaton — highest foot traffic intersection in the market Directly across from Ditka's Grill; one block from Wheaton Metra station (Union Pacific Line, 27,900 daily commuters) Surrounded by downtown retail, restaurants, and landmarks including the weekly Wheaton French Market Co-tenants in the building: Marquiz Salon & Spa (Unit 222) and MRA' Thai Cuisine & Sushi (Unit 226) Street and public lot parking available nearby Close proximity to Wheaton College — consistent student, faculty, and visitor traffic Very high-income trade area

Date on Market:

2026-05-15

Oswego Retail for Lease - Western East/West Corr

Date on Market:

2026-05-07

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 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 - 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 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

Dekalb Retail for Lease - Western East/West Corr

Turn-Key restaurant space located within the Oakland Shopping Center. Highly visible End-Cap Space. 2,600 Sq. Ft. Shadow anchored by Target and adjacent to Starbucks, Xfinity, Anytime Fitness, Great Clips, and more. Outdoor Patio. Monument Signage. Signalized Entrance. Premium Sign Package Available. Excellent Parking.

Date on Market:

2025-10-24

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 sqft, featuring gleaming hardwood floors and an open-concept kitchen and living area ideal for gatherings.

Property Type:

Office

Date on Market:

2026-06-04