Listings

Summary:

A rare turnkey restaurant ready for its next operator!

Located at 2171 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
- 10-burner gas range with 2 ovens
- Walk-in cooler
- 3-door refrigerated prep table
- Stainless prep tables, overshelves & storage shelving
- Commercial dishwasher, dish station & 3-compartment 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 complete the short Contact Form on the right or email Brian O'Kelly at Brian@eatz-associates.com or call 847-579-9641 for more information. Showings by appointment only.

Competition:

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!

Growth and Expansion:

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!

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.

County: Cook

Facilities:

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.

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.

Square Feet: 1,600 SqFt Main Floor + Basement + 1,000 Sqft Patio.

Seating: Table, Banquette & Bar Seating Inside + Outside Patio Seating.

Real Estate: Owned (Landlord Leasing Out).

Value of FF&E: (Landlord-Owned).

Value of Inventory: (Space For Lease).

Number of Employees: (Space For Lease).

Support/Training: (Space For Lease).

Seller Financing Available: No.

Reason for Selling: Available.