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Listed by:

EatZ & Associates

Broker license number: 475219308

1,600 SqFt Restaurant With 1,000 SqFt Patio Logan Square/Bucktown For Sale

Chicago, Illinois, US
Asking Price:
$11,799
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Fully-Equipped 1,600 SqFt Restaurant w/1,000 SqFt Patio - Chicago's Logan Square/Bucktown Neighborhood!

"Turnkey Restaurant With Full Commercial Kitchen, Finished Dining Room & Private Patio On N Milwaukee Ave"

A rare turnkey restaurant ready for its next operator!

Located on N Milwaukee Avenue in Chicago's vibrant Logan Square/Bucktown dining and entertainment corridor, this 1,600 sqft ground-floor corner restaurant offers an exceptional opportunity to launch or expand your concept without the substantial expense and delays of building from scratch!

Formerly a full-service restaurant, the space features a fully equipped commercial kitchen, finished dining room, bar area and basement storage, plus an impressive 1,000 sqft fenced outdoor patio included in the rent. All existing furniture, fixtures and equipment (FF&E) are landlord-owned and remain with the premises. No separate equipment purchase required!

Fully Equipped Commercial Kitchen

  • 3 stainless exhaust hoods (15ft, 9ft & 6ft) with fire suppression
  • 10burner gas range with 2 ovens
  • Walkin cooler
  • 3door refrigerated prep table
  • Stainless prep tables, overshelves & storage shelving
  • Commercial dishwasher, dish station & 3compartment sink
  • 2 hand sinks, mop basin & garbage disposal
  • Ice machine & additional dry storage
  • Commercial water heater & basement grease interceptor

Finished Dining Room & Bar

Attractive existing build-out featuring tile flooring, decorative wood ceiling beams, upholstered perimeter banquette seating, 14+ pedestal dining tables, window bar ledge, pendant lighting, wood service counter, 2 wall-mounted TVs and a 3-door back bar cooler. An inviting atmosphere ready to accommodate a variety of restaurant concepts!

Private 1,000 SqFt Outdoor Patio Included

Spacious fenced concrete patio with wrought-iron and wood privacy fencing, 4 picnic tables and room for outdoor dining and gatherings. Excellent opportunity to extend seating capacity and capture seasonal dining revenue. A standout feature in this urban neighborhood!

Feel free to stop by the location first. This is a HIGHLY confidential listing. If interested, please click on the orange Contact Broker button on the right to complete the Buyer Profile form. Showings by appointment only.

Property Information

Real Estate:

Lease

Lease Terms:

Lease Information: Lease this fully equipped restaurant for $3,933/mth ($29.50/sqft annually), modified gross. Year-one rent includes base real estate taxes and building insurance. Tenant pays utilities, scavenger and its 7.41% share of increases in taxes and insurance above the base year. Lease term, options and security deposit negotiable.

Location:

Prime Logan Square/Bucktown Location

Situated along one of Chicago's most recognizable restaurant, nightlife and retail corridors, with 33 feet of Milwaukee Ave frontage and exposure to an estimated 12,400 vehicles daily.

Located on the same block as the historic Congress Theater, currently undergoing a major restoration planned to bring live entertainment back to this landmark venue. Its surrounding neighborhood features popular restaurants, breweries, coffee shops, independent retailers and established residential communities.

Other nearby destinations include Colectivo Coffee, FARE and Holstein Park, plus numerous popular neighborhood dining and shopping establishments.

Excellent Accessibility

  • 0.21 mile to California CTA Blue Line station
  • CTA #56 Milwaukee Ave bus service
  • Side lot parking + street parking
  • Convenient pedestrian, bicycle & public transit access
  • Corner storefront with strong street visibility

Attractive Demographics

Located within a densely populated, desirable Chicago trade area.

1 Mile: 60,649 residents | Median Household Income $117,031
3 Miles: 494,917 residents | Median Household Income $105,928
5 Miles: 1,239,604 residents | Median Household Income $94,624

And ~49% of neighborhood residents are college graduates, supporting a diverse customer base.

Premises Details:

Property Information: 21,600 sqft 2-story historical building on 0.178 acres or 7,733 sqft lot. Built in 1907. Renovated in 2016. Class C Mixed-Use Retail/Residential. Zoned C1-1 Neighborhood Commercial. Ground floor commercial space with apartments above. Side lot & street parking. PIN 13-36-202-051-000. 2025 real estate taxes $17,085. Seating: Table, Banquette & Bar Seating Inside + Outside Patio Seating.

Size in square feet:
1,600 SqFt Main Floor + Basement + 1,000 SqFt Patio

Business Operation

Expansion Potential:

Bring Your Vision To Logan Square

Ideal for a neighborhood restaurant, café, bistro, bar & grill or other compatible foodservice concept.

Take advantage of an established restaurant location, substantial existing improvements, outdoor dining and competitive occupancy costs in one of Chicago's most dynamic neighborhoods!

Competition / Market:

Competitive Rent & Significant Startup Savings

An Oct 2026 analysis of 16 competing Milwaukee Ave spaces found a median gross-equivalent asking rent of approximately $37/sqft annually, positioning this offering below the corridor median.

A comparable restaurant build-out from an empty shell could cost an estimated $250,000–$400,000 and require 6–9 months to build-out. Here, the expensive kitchen infrastructure, dining improvements and outdoor patio are already in place!

Other Information

Financing available:

No.

Related Documents:
Contact Broker

Listed by

EatZ & Associates

Broker license number: 475219308

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