33 Turn Key Restaurants for Lease in Illinois, USA

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

Western Springs Office/Retail, Retail for Lease - Eastern East/West Corr

Date on Market:

2026-02-03

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

Evanston Retail for Lease - Near North

Evanston is a vibrant suburb on the North Shore of Lake Michigan, just north of Chicago. It is known for the prestigious Northwestern University, it's beautiful lakefront, diverse culture, and strong arts scene. It offers a mix of urban amenities and suburban charm, with highly rated public schools, numerous restaurants, and a rich history. The population of Evanston is approximately 75,000 and it is bordered by Lake Michigan to the east, Chicago to the south, and Wilmette and Skokie to the north and west.

Date on Market:

2026-01-09

Palos Heights Retail for Lease - South Route 45

The subject property is a 22,598 square foot Class B neighborhood shopping center. The available space can fit a variety of tenant needs, from retail to restaurants or medical users the available units can be demised to fit specific tenant needs. The shopping center has ample parking and is well-maintained with the potential of a drive-through on its north end cap.

Date on Market:

2025-04-29

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

Lake In The Hills Retail for Lease - Far Northwest

SPACE AVAILABLE Option I Space A 2,400 SF Proposed Restaurant Space B 1,480 SF Proposed Retail Space C 2,400 SF Proposed Restaurant Option II Space A 1,738 SF Proposed Oil Service Space B 1,161 SF Proposed Restaurant Highly Visible Location on Randall Road with strong traffic exposure Flexible redevelopment potential for retail, medical, restaurant, or mixed-use Ample parking with easy ingress/egress Signalized intersection for maximum accessibility Located in McHenry County’s premier retail corridor, surrounded by national tenants including Costco, Target, Home Depot, PetSmart, and Jewel-Osco Minutes from Algonquin Commons and Route 62 shopping and dining amenities

Date on Market:

2025-06-26